Former Head of Professional Liability and Cyber, EMEA joins growing Wholesale team
PEMBROKE, BERMUDA – PartnerRe Ltd. announced today the appointment of Elizabeth Ilott as Underwriting Manager of the company’s specialist Wholesale division. PartnerRe Wholesale was established in 2013 to serve the growing commercial-insurance needs of SMEs.
Ms Ilott joins PartnerRe from AIG. With an established reputation in the professional liability market, she has led several underwriting teams across EMEA throughout her career. Having first joined AIG's PI team in 2001, she became the Chief Operating Officer for Financial Lines before taking on her most recent role as Head of Professional Liability & Cyber for EMEA. Ms Ilott will report directly to Marc van der Veer, General Manager PartnerRe Wholesale and will be based in London.
Ms Ilott joins a strong team, which aims to build strategic partnerships with MGAs, insurers and brokers focused on small to medium size enterprises (SMEs). The handpicked unit has been formed to provide multi-specialist expertise in the financial lines insurance market. Ms Ilott will lead the international underwriting team based in London, Amsterdam and Paris.
Marc van der Veer, General Manager PartnerRe Wholesale, commented:
“I am very pleased to welcome Ms Ilott to our team. We have made significant progress in our first year in building a portfolio of multiple partners across several territories, including Europe and Middle East. We have an ambitious plan to grow our network of distribution partners by the end of 2015. To do this, we need to maintain our momentum in our current markets, while pushing into others. Ms Ilott will be a great asset to the team, and a key part of helping us achieve those goals”
“Her cross border knowledge, in depth technical understanding of professional lines and leadership experience will make a significant contribution to our continued expansion. She is an established figure, particularly within the PI market, and her knowledge and ability to lead teams will be hugely beneficial.”
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. PartnerRe Ltd., 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, 2013, total revenues were $5.5 billion. At September 30, 2014, total assets were $23.2 billion, total capital was $7.8 billion and total shareholders’ equity attributable to PartnerRe was $7.0 billion.
PartnerRe Wholesale, the specialist insurance division looks to serve the growing commercial-insurance needs of SMEs. Their offer allows partners to provide new and tailored insurance solutions to their SME clients, without having to invest a considerable outlay in people and know-how as well as bolstering its balance sheet with reserves. PartnerRe Wholesale is underwritten by PartnerRe Ireland Insurance Limited (PRIIL). PRIIL is regulated by the Central Bank of Ireland with a registered office at 5th Floor, Block 1, The Oval, 160 Shelboue Road, Dublin 4.
PartnerRe on the Inteet: www.partnerre.com
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