Ex-Goldman Sachs and Covéa leaders take board seats at PartnerRe

Bermudian carrier  PartnerRe has bolstered its board expertise with the appointment of a former Goldman Sachs managing director and chief of staff of its new owner  Covéa. The reinsurer’s board now comprises nine directors, of which four are independent from the company.

Joining the board are Reuben Jeffery III (Pictured Right), as an independent director, and Sylvestre Frezal (Pictured Left), both effective immediately.

Jeffery is the former president and chief executive officer of Rockefeller.  He served as Under Secretary of State for Economic, Energy and Agricultural Affairs and as chairman of the Commodity Futures Trading Commission during the George W. Bush administration.  Previously, Jeffery was at Goldman, Sachs & Co. where he was managing director and head of the European Financial Institutions Group and of the Goldman Paris office. He began his career as a lawyer at Davis, Polk and Wardwell.

Frezal is chief of staff to the CEO of Covéa Group. He joined Covéa in 2018 and has held various positions in the company and in the wider insurance industry. Before joining Covéa, he worked as an insurance supervisor, was Dean of undergraduate studies at Sciences Po Paris, has been widely published on risk and modelling, and held several senior positions at Generali France.

PartnerRe board chairman Thierry Derez said: “On behalf of the Board, Jacques Bonneau and I are pleased to welcome Reuben and Sylvestre. Their diverse and strong backgrounds will bring a wealth of experience to the Board. In particular, Reuben’s experience in Financial Services, in both the public and private sectors, will further enhance the strength of the PartnerRe Board.”

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