Global reinsurer PartnerRe Ltd. has announced the appointment of Jacques Bonneau as president and CEO. He takes the leadership reins at a challenging time for the reinsurance giant – on the same day (Tuesday, July 28) that the firm announced a drop in net income for the second quarter (Q2) of 2020.
Bermuda-based PartnerRe reported net income available to common shareholder of US$229 million (approx. CA$305.8 million) for Q2 of 2020, down from US$285 million in the same quarter of 2019. Net loss attributable to common shareholder for the half year 2020 was US$204 million, compared to net income available to common shareholder of US$782 million for the half year 2019.
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