Buffett’s General Re Hires AIG’s Yu for Risk Management Post

General Re-New England Asset Management Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., hired Mark Yu of American International Group Inc. (AIG) to oversee enterprise risk for life insurers.

Yu will report to Jim Bachman, vice president of capital management, Farmington, Connecticut-based GR-NEAM said today in a statement distributed by Business Wire.

To contact the reporter on this story: Susanna Pak in New York at Spak10@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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