CORRECTED – CORRECTED-UPDATE 1-PartnerRe names new finance chief

(In paragraph 4, corrects CFO’s second name to Miranthis)

* William Babcock named CFO, to suceed Albert Benchimol

* Co. also named new CEO for PartnerRE Global

July 12 (BestGrowthStock) – Reinsurer PartnerRe Ltd (PRE.N: ) named
William Babcock as its new chief financial officer effective
Oct. 1, replacing Albert Benchimol.

PartnerRe also named its Deputy Chief Executive Emmanuel
Clarke as the CEO of PartnerRe Global, the company’s
underwriting operations outside of North America, effective
Sept. 1.

Marvin Pestcoe was named CEO of PartnerRe Capital Markets
Group effective Oct. 1, succeeding Albert Benchimol, who was
holding both the positions.

Babcock, Clarke and Pestcoe will become members of the
company’s group executive committee and will report to Costas
Miranthis, present chief operating officer who will become CEO
of PartnerRe effective Jan 1, 2011. [ID:nASA00CZ2]

Shares of the Prembroke, Bermuda-based company were down
slightly to $73.66 Monday on the New York Stock Exchange. They
touched a low of $73.45 earlier in the session.
(Reporting by Shravya Jain in Bangalore; Editing by Prem
Udayabhanu)

CORRECTED – CORRECTED-UPDATE 1-PartnerRe names new finance chief