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Vito H. Baumgartner Appointed To PartnerRe's Board Of Directors
Mr. Baumgartner, 63, is a Group President and Executive Office member of Caterpillar Inc. a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.
Mr. Baumgartner, who is also a graduate of the Swiss School of Commerce and MIT's Program for Senior Executives has administrative responsibility for the company's Building Construction Products Division, Europe-Africa-Middle East (EAME) Marketing Division, EAME Product Development and Operations Division, and the European Shared Services Division.
PartnerRe's Chairman, John Rollwagen, commented, "The Board of Directors and our CEO, Patrick Thiele, join me in welcoming Vito to PartnerRe. His management experience along with his international background will be a significant asset to the Company and to the Board as we continue to build a strong global network and also as we cultivate our position as one of the most diversified multi-line reinsurers in the world."
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. Risks reinsured include property, casualty, motor, agriculture, marine, aviation/space, catastrophe, credit/surety, engineering/energy, marine, special risks, other lines, life/annuity and health. At year-end 2002, total revenues were $2.7 billion.
As of March 31, 2003, total assets were $10.0 billion, total capitalization was $2.8 billion and total shareholders' equity was $2.2 billion.
PartnerRe on the Internet: www.partnerre.com