Featured on the front page of the Intelligent Insurer September edition is rein4ce client PartnerRe. The piece features Emmanuel Clarke, CEO of PartnerRe, explaining how he is building on the stability achieved through private ownership by Exor to create secure, long-term partnerships with cedants.
Benefits of being privately owned
He said: “Being privately owned means we can now focus far more on long-term strategic plans as opposed to our quarterly earnings,” Clarke says. “Because of its cyclical nature and volatility, the reinsurance industry lends itself better to private ownership, in my opinion. We need that long-term mindset.
“We are here to take volatility off the balance sheets of our clients and that is much better done by dealing with a private balance sheet. We have more of an appetite for short-term volatility—as long as it pays in the long term. Our clients like that and the fact that we have very stable ownership.
“The biggest thing for clients is knowing that their reinsurer will be there to support them after a big event. We are here long term and have no other business interests to muddy the waters.”
If you would like this sort of coverage for your executives and company, contact the Rein4ce reinsurance, insurance and insurtech PR teams.
