Emmanuel Clarke is to leave PartnerRe, where he has been chief executive officer for the past four years.

Experienced industry figure Jacques Bonneau took over as CEO, effective yesterday, the reinsurer said.

PartnerRe said Mr Clarke “is leaving the company by mutual agreement to pursue other opportunities outside the group”.

Mr Bonneau has been a member of the PartnerRe board of directors since February 2019.

During his career, he has served as chief executive officer of Ace/Chubb Tempest Re Group and was also group chief underwriting Officer of Chubb Ltd.

Mr. Bonneau, who will be based in PartnerRe’s headquarters in Bermuda.

Brian Dowd, PartnerRe’s chairman, said: “On behalf of the board, I would like to express our gratitude and appreciation to Emmanuel for his achievements over the past four years as president and CEO.

“Under his leadership, PartnerRe has been able to smoothly transition under Exor ownership and the company’s business and strategic positioning have been strengthened in important ways. Emmanuel has been a very dedicated and strong leader and we wish him all the best in his future endeavours.”

Mr Clarke said: “I am proud of what we have achieved together with all our colleagues, in substantially advancing the company’s strategic goals. With the progress we’ve made with our non-life portfolio and franchise, in building our Life and Health platform, and in strengthening the organisation and its talent base, I am confident PartnerRe is very well positioned for future success.”

Mr Dowd said Mr Bonneau “brings over 40 years of experience in our industry, a strong track record in reinsurance underwriting and deep knowledge of our clients and brokers. He also has detailed knowledge and insight of PartnerRe’s people and business gained over the past two years as a valued colleague on our board.”

Mr. Bonneau said: “PartnerRe’s deep technical expertise, strong and diversified non-life portfolio and its high calibre people mean we’re very well placed to benefit from a tightening insurance and reinsurance marketplace across many lines.”