June 11, 2021
PEMBROKE, Bermuda, June 11th, 2021 – PartnerRe Ltd. (“PartnerRe”) announced today that Alan Ryder, CEO North America Life will retire on August 31, 2021. He will be succeeded by Chris Shanahan, President, US Life who has been appointed CEO, North America Life, effective September 1, 2021.
Commenting on Mr. Ryder’s retirement, Life & Health CEO Marc Archambault said “Alan has had a very full and highly successful career in our industry. As an entrepreneur, he raised $500 million and launched Aurigen, a North American life reinsurance company which PartnerRe acquired in 2017. For over a decade Alan has led what has become PartnerRe’s Life & Health operations in North America, developing a successful Canadian franchise and establishing our US platform for future long-term growth in the world’s largest Life reinsurance market.”
Mr. Archambault continued, “I will miss Alan’s clear thinking, strong vision, leadership qualities and passion for our business, and would like to thank him for his invaluable contributions to PartnerRe.”
Mr. Shanahan joined PartnerRe in May 2018 as Executive Vice President, Corporate Development, US Life and was appointed President, US Life operations in July 2019. He has extensive experience in life reinsurance gained over his 25-year career in the industry. Prior to joining PartnerRe, Mr. Shanahan was Executive Vice President, Mortality Solutions and Corporate Marketing at Hannover Re in the US where he had overall responsibility for managing the traditional life reinsurance business, including business development, operations and marketing. Mr. Shanahan will report to Marc Archambault, CEO Life & Health.
Mr. Archambault commented, “I am delighted that Chris has accepted the appointment to CEO, North America and I am confident that under his leadership our Canadian business will continue to thrive and that we will be successful in further developing our US franchise by delivering on our commitment to provide our clients with value, and shareholders with attractive returns.”
Concurrent with this change, André Piché, President, Life & Health Canada has been appointed CEO, Life & Health Canada, effective September 1, 2021 and will continue to be responsible for the Canadian Life & Health business. Mr. Piché will report to Mr. Shanahan.
Mr. Shanahan is located in the Company’s Charlotte, North Carolina office.
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, 2020, total revenues were $7.4 billion. At March 31, 2021, total assets were $28.0 billion, total capital was $9.4 billion and total shareholders’ equity was $7.5 billion. PartnerRe maintains strong financial strength ratings as follows: A.M. Best A+ / Moody’s A1 / Standard & Poor’s A+.
|Media Contact: Elizabeth Deacon|