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PartnerRe Ltd., Pembroke, Bermuda, on Tuesday said it has named Emmanuel Clarke president, effective immediately.
In his new role, Mr. Clarke will be responsible for leading and managing all of the company’s operations, the reinsurer said in a statement.
David Zwiener, interim CEO since Jan. 26, will remain in his role as CEO and dedicate his time to bringing Exor S.p.A.’s acquisition of PartnerRe to a successful close, at which point he will step down, according to the statement.
The move ends speculation as to who would head the firm after it was acquired Aug. 2 by Turin, Italy-based Exor for $6.9 billion, ending a takeover drama which began in January when PartnerRe initially announced plans to merge with Pembroke-based Axis Capital Holdings Ltd.
Mr. Clarke, who has been with the company for 18 years, had formerly been CEO of PartnerRe Global and a member of the executive management team since 2010. He was appointed head of global credit and surety in 2001 and became deputy head of global specialty lines in 2002, head of global property/casualty in 2006 and head of global specialty lines in 2008.
“Emmanuel has stood out as an exceptional talent throughout his career at PartnerRe, and I look forward to working with him,” Jean-Paul Montupet, chairman of the PartnerRe board, said in the statement
Meanwhile, the company also said Bill Babcock will remain as chief financial officer, Laurie Desmet as chief operations officer and Tad Walker as CEO of North America.
Also taking effect Tuesday, Charles Goldie has been named CEO of PartnerRe Global; Mr. Walker assumes executive responsibility for catastrophe; and Marvin Pestcoe rejoins PartnerRe as interim CEO of life and health after retiring in April.
All three will report to Mr. Clarke, the statement said.
Kathleen O. Zortman has moved from Fireman's Fund Insurance Co. to president of standard lines property/casualty at QBE North America, QBE said Tuesday.