Bermuda-based PartnerRe Ltd. announced today that Costas Miranthis has been promoted to the new position of deputy chief executive officer, PartnerRe Global, effective this July.
PartnerRe Global is the name the group uses to refer to underwriting operations outside the United States and is comprised of the non-life subsegments Global P&C and Worldwide Specialty, and the Life segment.
The company said that in his new role Mr. Miranthis will report directly to Bruno Meyenhofer, CEO, PartnerRe Global, and will be responsible for the management of all Global business units.
He will also become a member of the group executive committee. Mr. Meyenhofer will maintain responsibility for the overall executive management of the PartnerRe Global operations.
Mr. Miranthis joined PartnerRe in 2002 as the group's chief actuarial officer. The company said he has developed the group's actuarial resources and strengthened the firm's return on equity and capital models and methodologies.
The reinsurer said Mr. Miranthis will continue in his current role as chief actuarial officer until a new candidate is found.
Patrick Thiele, PartnerRe president and CEO, said Mr. Miranthis' "leadership skills and business experiences position him well for his new operational responsibilities in our Global operations. Also, we will continue to benefit from his insights and analysis of group issues, by virtue of his joining the group executive committee."
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