Newsclip®: [Business] Berkshire Hathaway names Gen Re CEO successor - StamfordAdvocate

"In an internal memo posted online Friday by the Wall Street Journal, however, Jain indicated that in discussions with people inside and outside Gen Re that the company carries the perception that it “has become less relevant in the marketplace” and that Berkshire Hathaway will contemplate “what actions might be taken to best position Gen Re for the next chapter,” in his words, without specifying whether that could include any divestment. Like Montross an expert underwriter, Raiguel has focused on pricing loss portfolio transfers and acquisitions at Berkshire Hathaway Reinsurance Services according to a profile published by the Casualty Actuarial Society, also having led the creation of a Berkshire Hathaway unit in India; and establishing a workers’ compensation portfolio in California that generated premiums in excess of $1 billion. In the past year, reinsurance carriers have been hit with intense pricing pressure as capital floods into the sector from",

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