PartnerRe unveils leadership changes, replaces chairman
Bermuda-based PartnerRe has appointed Brian Dowd to succeed John Elkann as chairman of the company’s board of directors alongside several other leadership changes.
Elkann, who is chairman and CEO of EXOR will remain on the board.
The reinsurer also announced that Nikhil Srinivasan will step down from the board in order to assume the role of chief investment officer. He will report to CEO Emmanuel Clarke and will join the company’s executive leadership team.
Srinivasan will succeed Andrea Casarotti who will assume the new position of head of corporate planning, also reporting to Clarke.
Furthermore, Mary Ann Brown will join the board as an independent director. Brown retired from her executive management role at Pacific Life Insurance Company in 2017, where she most recently was chair of Pacific Life Re. Prior to that, she previously held multiple executive roles at New York Life, MetLife and Swiss Re.
With these changes PartnerRe's board will comprise six directors of which four are independent directors.
Clarke commented: “As a director since August 2016, Nikhil has been a great contributor to our company’s progress, and has provided valuable insight for our investments. I am confident that his extensive career experience in investments will contribute further to the success of our investment operation.”
Elkann added: “Over the past two years, under Emmanuel Clarke’s leadership, our company has performed strongly notwithstanding challenging market conditions. Our new Chairman Brian Dowd brings with him deep, relevant experience to a further strengthened Board and leadership team, moves which confirm our commitment as EXOR to build an even more successful PartnerRe.”
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