Hughes, who led the capital management unit during a period of international growth, confirmed the leadership change on a LinkedIn post. “I will also be leaving PartnerRe Capital Management and am very pleased to be able to hand over the reins to my colleague, Andrew Laing who together with the broader team, will continue to do a fantastic job for our investor partners,” Hughes said.
Laing has nearly 17 years of experience at PartnerRe, having held various underwriting and leadership roles across Bermuda, the US, and Europe. He most recently served as portfolio manager for the third party capital team since February 2021. His prior roles include head of global cyber and emerging risks, where he led strategy for underwriting, pricing, and aggregation, and vice president and senior underwriter for casualty, professional lines, and property/multiline business. Earlier positions involved underwriting property catastrophe risks in Zurich and Bermuda and managing catastrophe portfolios for global clients.
Laing’s appointment comes as PRCM continues to expand its offering of insurance-linked investment opportunities to institutional investors. The unit securitizes portfolios of private reinsurance contracts underwritten by PartnerRe, enabling investors to access underwriting returns from the global reinsurance market. PRCM also manages a range of strategies tailored to different risk-return profiles, with a flexible platform that supports bespoke solutions for large investment mandates.
“Andrew Laing has been a key contributor to our capital management team, bringing deep technical expertise, strong collaboration, and 17 years of experience across PartnerRe,” said CEO Philippe Meyenhofer. “I’m confident he will continue to drive the growth and success of this important part of our business. I would also like to thank Andrew Hughes for his leadership and dedication over the years and wish him the very best.”
PartnerRe, an international reinsurer with over $11 billion in total capital, has been privately owned by French mutual insurer Covéa since July 2022. The company operates in 15 offices, supporting risk recovery efforts through its reinsurance portfolio.
What impact do you think Laing’s appointment will have on PRCM’s investment strategies and institutional partnerships? Share your views in the comments.
