PEMBROKE, Bermuda, March 3, 2017 – PartnerRe Ltd. today announced that Humberto Cabrera will be appointed to the position of Head of Latin America, to head up PartnerRe’s business operations in that region. He will join PartnerRe on March 6, 2017, replacing Interim Head of Latin America, Salvatore Orlando, who will continue in his position of Head of Middle East, Africa and Russia (MEAR) at PartnerRe.
Mr. Cabrera will be responsible for leading the development of PartnerRe’s business in Latin America, responding to the needs of clients, and advancing the Company’s strategic goals. He will report to Tad Walker, CEO of PartnerRe’s Property and Casualty segment and Group Executive Committee member.
Commenting on Mr. Cabrera’s appointment, Mr. Walker said, “Latin America is an important strategic market for PartnerRe and an area where we anticipate increasing demand for our reinsurance products. We are delighted to welcome Humberto, who brings with him extensive experience and an in-depth understanding of the unique challenges of our clients and brokers in that region. He will provide strong leadership for our Latin America team and a customer-centric point of contact for our Latin American clients looking for reinsurance solutions that align with their risk needs.
“I would also like to thank Salvatore for his valuable work over the years in representing PartnerRe in this important market. Going forward, he will be able to devote his full attention to his role as PartnerRe’s Head of MEAR, another key region for PartnerRe’s future success.”
Mr. Cabrera comes to PartnerRe from Aon Benfield where he was Chief Commercial Officer & Head of Treaty of Aon Benfield Latin America, responsible for strategic planning and managing regional and local reinsurance operations in Latin America. Prior to that, he was CEO and President of Aon Benfield Colombia Ltda. Throughout his 25-year reinsurance career, Mr. Cabrera has worked exclusively in the Latin American region as well as Spanish-speaking parts of the Caribbean, achieving a deep understanding of the challenges and opportunities for insurers and brokers in those regions.
Mr. Cabrera will be based in PartnerRe’s Miami office.
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PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions. Risks are underwritten on a worldwide basis through the Company’s three segments: P&C, Specialty, and Life and Health. For the year ended December 31, 2016, total revenues were $5.4 billion. At December 31, 2016, total assets were $21.9 billion, total capital was $8.0 billion and total shareholders’ equity was $6.7 billion. PartnerRe enjoys strong financial strength ratings as follows: A.M. Best A / Moody’s A1 / Standard & Poor’s A+.
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PartnerRe Ltd.
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Media Contact: Celia Powell
Investor Contact: Ryan Lipschutz
