Berkshire’s Jain Tells Gen Re Staff to Fix ‘Problem’ With Costs

  • Five-page memo outlines reinsurer’s challenges, opportunities
  • Buffett gave Jain oversight of Gen Re after Montross’s exit

Ajit Jain, one of Warren Buffett’s top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It’s time for their business to get much leaner and less bureaucratic.

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