Berkshire’s Jain Taps ‘Secret Weapon’ Raiguel to Run Gen Re
- Executive is ‘high-energy’ and ‘collegial,’ Jain says in memo
- Raiguel replaces Gen Re CEO Tad Montross, who is retiring
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Warren Buffett’s Berkshire Hathaway Inc. promoted longtime reinsurance executive Kara Raiguel to run the company’s Gen Re unit, which has struggled to expand amid increased competition.
Raiguel will take over from Franklin "Tad" Montross, according to an internal memo confirmed by Gen Re. She has been at Berkshire for 15 years and was a key deputy to Ajit Jain, who runs the company’s namesake reinsurance operation and recently took on responsibility for Gen Re as well.