June 18, 2013
PEMBROKE, Bermuda–(BUSINESS WIRE)– PartnerRe Ltd. (NYSE: PRE) today announced that Debra J Perry and Greg FH Seow have been appointed to its Board of Directors effective June 15, 2013.
Ms Perry, aged 62, has been a Principal of Perry Consulting, LLC, since 2008. She has served on the boards of three NYSE listed companies and two mutual fund companies and is currently serving on the board of Ko/Ferry International (NYSE:KFY). Ms Perry has also served as a trustee and advisory board member in the public policy and higher education arenas. In her 30-year business career, she has held a number of senior roles in the financial services sector including serving as a senior executive at Moody’s Corporation and research and management positions with First Boston Corporation and Chemical Bank. Ms Perry will serve on PartnerRe Ltd.’s Audit and Compensation & Management Development Committees.
Mr. Seow, aged 60, is currently serving on the boards of Wheelock Properties (Singapore) Ltd, AIA Singapore and Singapore’s Land Transport Authority. He has previously served on the boards of AMP Capital (Singapore), PSA Corporation, Hwang-DBS, a Malaysia publicly listed company, and TMB Asset Management, a Thai fund management company. In his 25-year business career, Mr. Seow was a senior executive at the Govement of Singapore Investment Corporation, responsible for its global fixed income and real estate investment portfolios and at DBS Bank, overseeing its regional fund management business. Mr. Seow will serve on PartnerRe Ltd.’s Nominating & Goveance and Risk & Finance Committees.
Ms. Perry and Mr. Seow replace John Rollwagen and Vito Baumgartner who retired from PartnerRe’s Board of Directors on May 17, 2013.
Commenting on the appointments, PartnerRe Chairman Jean-Paul Montupet said, “On behalf of the Board, Costas Miranthis and I are delighted to welcome Debra and Greg to PartnerRe’s Board. Their deep professional experience in the financial services industry along with their broad international experience will no doubt be extremely valuable as PartnerRe continues to extend its Global reinsurance franchise. We look forward to their contribution.”
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets 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, multiline and other lines in its Non-life operations, mortality, longevity and accident and health in its Life and Health operations, and alternative risk products. For the year ended December 31, 2012, total revenues were $5.6 billion. At March 31, 2013, total assets were $23.1 billion, total capital was $7.7 billion and total shareholders’ equity attributable to PartnerRe Ltd. was $6.9 billion.
PartnerRe on the Inteet: www.partnerre.com
Investor: Robin Sidders, Investor Relations
Media: Celia Powell, Corporate Relations
Sard Verbinnen & Co
Drew Brown/Daniel Goldstein
Source: PartnerRe Ltd.