In a bid to enhance operational efficiency and better address client needs, the company is transitioning from a geographical-based model to a product-centric management structure. Under this revamped framework, Pacific Life Re will operate through two global lines of business: protection and savings & retirement, reflecting its commitment to comprehensive reinsurance solutions across diverse markets.
Andrew Gill, a seasoned executive committee member renowned for his tenure as EVP for Asia and Australia, will spearhead the global protection business. Gill’s wealth of experience positions him well to navigate the complexities of the reinsurance landscape and drive strategic initiatives aimed at fortifying client relationships worldwide.
Phill Beach, recognised for his instrumental role in expanding the global funded solutions (GFS) portfolio, will assume leadership of the savings and retirement business. With a proven track record of innovation and growth, Beach’s appointment underscores Pacific Life Re’s dedication to delivering tailored solutions that address evolving client demands. Beach’s ascension to the executive committee underscores the company’s commitment to harnessing top talent to drive transformative outcomes.
Commenting on the changes, Pacific Life Re CEO Dave Howell, said: “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 recognise that the insurance market is constantly evolving, and we need to adapt to meet growing demands.”
He added: “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.”
