December 14, 2007
PartnerRe Appoints Eric Gesick as Chief Actuarial Officer
PEMBROKE, Bermuda, Dec. 14 /PRNewswire-FirstCall/ -- PartnerRe Ltd. today announced that Eric Gesick has been appointed as PartnerRe's Group Chief Actuary.
Based in Bermuda and reporting to the CEO, Mr. Gesick will have overall responsibility for PartnerRe's actuarial function, heading a team of actuaries which oversees the Group's reserving processes, manages capital allocation and implements company-wide actuarial models.
He brings with him 15 years' experience, most recently as Chief Actuary, within the Financial, Professional, and International Insurance segment of Travelers Companies Inc., formerly St. Paul Travelers Companies, Inc. Prior to that he was Regional Vice President, Construction Division and Vice President, Specialty Commercial Actuarial.
PartnerRe President and CEO, Patrick Thiele, said: "Eric's proven track record in designing and implementing actuarial models and processes, and his breadth of experience, make him ideally suited to this important role. I am confident he will fit in well and will continue to improve our world-class risk management systems."
Mr. Gesick replaces Costas Miranthis who was promoted to Deputy CEO, PartnerRe Global in April.
PartnerRe is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company through its wholly owned subsidiaries also offers alternative risk products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2006, total revenues were $4.2 billion. At September 30, 2007, total assets were $16.2 billion, total capital was $5.1 billion and total shareholders' equity was $4.2 billion.
PartnerRe on the Internet: www.partnerre.com
Investor Contact: Robin Sidders
Media Contact: Celia Powell
Sard Verbinnen & Co.
Drew Brown/Jane Simmons
Posted by Tom Troceen