Pacific Life Re announces new global structure

Pacific Life Re announced changes to its organizational structure to better support its clients and achieve its growth plans.

The company is moving from a geographical-based to a product-based management structure, with two global lines of business: protection and savings & retirement. This will allow the business to continue to grow its reinsurance portfolio by focusing on solving the needs of its clients across all markets.

The global protection business will be run by Andrew Gill, an existing executive committee member who previously held the role of EVP for Asia and Australia. The savings and retirement business, which includes existing longevity and global funded solutions (GFS) work, will be managed by Phill Beach who has led the growth of the GFS business. Beach will join the executive committee.

“This is a significant and exciting change for the business. We have grown tremendously over the years thanks to the strong relationships with our clients. However, we also recognize that the insurance market is constantly evolving, and we need to adapt to meet growing demands. The new structure will allow the company to better leverage its global expertise and best practices within each line of business, respond faster and more competitively to market opportunities, and create more career development opportunities for our people.” – Pacific Life Re CEO Dave Howell.