HomeInsuranceCovéa boss now PartnerRe chair as deal closes

Covéa boss now PartnerRe chair as deal closes

It’s official: PartnerRe is now owned by Covéa.

The sale of the global reinsurer to the French mutual insurer was completed on July 12, which marked the effectivity of Covéa chief executive Thierry Derez’s appointment to the PartnerRe board as chair. Also added to the board on the same date were Covéa leaders Thierry Francq and Maud Petit, replacing Enrico Vellano and António Horta-Osório who resigned upon closing of the deal.   

“This acquisition enables Covéa to combine the expertise and support capabilities of the French market leader with those of a global risk management operator,” commented Derez, whose chairmanship of…

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