Bermuda-based PartnerRe Ltd. said today it will promote CostasMiranthis to chief executive officer of global non-U.S. operationsand the current CEO, Bruno Meyenhofer, will become PartnerRe Globalchairman.

PartnerRe Global conducts underwriting operations outside theUnited States and is comprised of the Global P&C, GlobalSpecialty and Global Catastrophe units as well as the firm's LifeReinsurance unit.

Mr. Miranthis, currently deputy CEO, PartnerRe Global, will takehis new post July 1, the reinsurer said. The firm said the post ofchairman that Mr. Meyenhofer will assume is a new one for thecompany.

Both men will report to Patrick Thiele, president and CEO ofPartnerRe Ltd.

Mr. Miranthis assumed the role of deputy CEO, Global, last Julyand has been responsible for the executive management ofPartnerRe's Global business units.

Prior to that, Mr. Miranthis served as the group's chiefactuarial officer from 2002-2007. With his promotion to CEO,PartnerRe Global, Mr. Miranthis will expand his responsibility toinclude all Global operations, including finance, accounting andall support functions, PartnerRe said.

Mr. Meyenhofer has been PartnerRe Global CEO and a member of thePartnerRe Executive Committee since 1998, when he joined PartnerRethrough the company's acquisition of Winterthur Re.

As chairman, the company said Mr. Meyenhofer will remain amember of PartnerRe's Executive Committee, where he will continueto provide advice and counsel on strategic initiatives as well ascorporate and business development for the group.

Mr. Meyenhofer will also oversee Global business development andwill represent PartnerRe in the external regulatory and insurancecommunities.

Mr. Thiele said that “Costas' strong executive skills andoperational experience, demonstrated first as chief actuarialofficer and reinforced in the past year as deputy CEO, Global,position him well for this role, and I know that Costas willcontinue to lead the Global operations effectively.

“We are also fortunate to continue to have Bruno's executiveguidance, advice and counsel going forward. His excellentleadership skills and dedication to the organization and its peoplehave helped lead PartnerRe to its current position of strength andprofitability. Bruno will continue to play an essential role inPartnerRe's future development.”

PartnerRe Ltd. provides multiline reinsurance to insurancecompanies. As of March 31, the company reported total assets of$17.3 billion, total capital of $5.3 billion and totalshareholders' equity of $4.5 billion.