PartnerRe has appointed Scott Kreuzer (pictured) as CEO of P&C Americas, succeeding Jon Colello, who moved into the president role in 2024 after leading the same business unit.
“I am pleased to welcome Scott Kreuzer as CEO, P&C Americas,” said Colello. “With nearly 30 years of reinsurance experience spanning underwriting, portfolio management, and senior leadership, Scott brings deep expertise and sound judgement that will further strengthen our Americas organization.”
Before that, he spent more than eight years at AXIS Reinsurance as head of casualty, where he managed North American casualty treaty operations. His earlier roles include vice president positions at ACE Tempest Re and Allied World Reinsurance Company, and assistant vice president at Gen Re.
His experience spans underwriting, casualty portfolio management, and regional leadership across several reinsurance platforms.
The leadership change comes after PartnerRe reported $9.16 billion in gross premiums written for 2025, including $6.70 billion in non-life business, with net income of $2.10 billion and a return on equity of 20.8%.
The company reported a non-life underwriting profit of $364 million, with a combined ratio of 93.4%, despite catastrophe losses that included California wildfires and reserve strengthening in US casualty lines. Within that segment, P&C contributed $190 million at a 94.8% combined ratio.
These results provide context for the leadership transition in a business line that remains exposed to catastrophe volatility and casualty reserve development trends in the US market.
The appointment of Kreuzer also comes as PartnerRe continues to expand its geographic footprint. In February 2026, the company received regulatory approval to establish a branch in GIFT City, India, as part of its Asia Pacific operations, under CEO P&C APAC James Beedle.
The move is intended to support local insurers and align with regulatory frameworks in India, indicating continued investment in regional platforms outside North America.
Kreuzer takes on the role at a time when reinsurers are managing pricing discipline, casualty loss development, and catastrophe exposure in North America. The company’s 2025 results indicate ongoing pressure from prior-year casualty reserves, while underwriting performance excluding catastrophe losses remained more stable, with a current accident year combined ratio of 86.3%.
