The new Head of Health at PartnerRe jokes that he “tripped and fell” into the reinsurance industry after graduating from Cambridge University. Despite the serendipitous stumble, however, Dan Bolgar lives and leads with purpose. We sat down with the Executive to discuss what he brings to the role and where he sees PartnerRe heading.
Bo and raised in the United Kingdom, Dan went to work for London-based Willis Re immediately upon graduating from Cambridge University in the early 1990s. During his 18 years there as a Broker in the Life, Accident and Health Reinsurance space, he worked extensively with Dennis Heinzig, CEO as well as senior leadership at Presidio Reinsurance Group on both sides of the Atlantic. PartnerRe acquired Presidio Reinsurance Group in 2012 and Dennis joined the PartnerRe team as Head of Health and President of PartnerRe America Insurance Company.
“I always admired what that team stood for,” Dan says of Dennis’s leadership and focus on delivering value. “Innovative and creative underwriting with a responsive and service driven team and a case management unit that was the envy of our industry…. Not a bad foundation!”
When Dennis announced his retirement from PartnerRe, Dan left his position as CEO of AXIS Accident & Health Reinsurance to fill a newly created global role as Head of Health. Dan will work out of PartnerRe’s Minneapolis office, reporting to Marvin Pestcoe, PartnerRe CEO of Life & Health.
Fun fact: In his youth, Bolgar played — and scored a goal — for the Chilean national team. He welcomes his new colleagues to uncover the sport.
In considering coming to PartnerRe, Dan admitted, “Knowing the organization’s value proposition and its ability to deliver on it time and time again was extremely reassuring.”
Dan’s long working relationship with Presidio and PartnerRe and his industry experience afford him an historical context of the company’s culture. He knows what PartnerRe stands for and plans to lend the knowledge he gained working in international markets to further support its vision. Dan believes that such a value proposition is imperative for success going forward.
“I’ve come to appreciate the critical need for any entity within a transaction to bring tangible and ideally quantifiable value,” he says. “Failure to do so will render you obsolete quickly.”
One such key value is helping PartnerRe’s clients manage risk. “The health market is evolving so rapidly in the U.S. as well as many regions of the world. PartnerRe Health is committed to remaining ahead of the competition in providing risk mitigation solutions to both traditional and newly emerging insurance entities.”
“Whether that’s within our core Managed Care business in the U.S., the rapidly expanding Employer Stop Loss arena, our Medical Reinsurance unit, or the ever changing Specialty Health space, we are there providing Insurance or Reinsurance solutions, both proportional and non-proportional, as required by our clients.”
The health insurance market continues to grow in leaps and bounds. In the United States, the Patient Protection and Affordable Care Act has created additional lines of business and a growth in the demand for reinsurance and the need for improved risk management and risk mitigation services. Internationally, accessibility to high-quality healthcare continues to be a challenge and all markets seek ways to improve the quality of care while attempting to manage its cost.
“PartnerRe will soon be taken private by EXOR with a market capitalization of over $12B, further establishing PartnerRe as a top tier reinsurer. While we will continue to focus on our core businesses I believe that as part of such a strong financial organization we can expand our offerings both product wise as well as geographically to become even more relevant to cedents and brokers alike.”
Dan looks forward to interacting with and being accessible to all PartnerRe’s clients in the PartnerRe Health and PartnerRe tradition.
For more information about PartnerRe’s health reinsurance division and service offerings, contact the experts at PartnerRe online or by phone at (415) 354-1551.