associate Reinsurance Asia Pte. Ltd., an entirely owned subsidiary of PartnerRe Ltd., has been certified by means of the monetary Authority of Singapore to function as a non-life and existence reinsurer, capitalized in Singapore, consistent with an announcement from PartnerRe.
As of April 1, 2015, PartnerRe Asia might be the predominant reinsurance carrier for PartnerRe’s enterprise underwritten in Asia Pacific. Alain Flandrin, currently head of associate Reinsurance Europe SE, Singapore branch, has been appointed CEO PartnerRe Asia.
PartnerRe President & chief government Officer Costas Miranthis said, “PartnerRe has supported the increase of coverage business inside the APAC place because the employer become founded in 1993. over the last year, we have localized more business in Singapore and Hong Kong and multiplied underwriting assets within the region to enhance proximity and responsiveness for customers. The status quo of PartnerRe Asia supports our growing underwriting presence within the place and reflects the area’s significance to our institution strategy.”