Small update on Ajit's reorganization of General Re (from Insurance Insider):
Gen Re shakes up international P&C leadership
Adam McNestrie and Catrin Shi
Gen Re has appointed new regional heads for its international P&C operations as part of a wider revamp of the reinsurer initiated by Berkshire Hathaway's Ajit Jain, The Insurance Insider understands.
Gen Re had previously divided its P&C reinsurance business into treaty and facultative arms, as well as underwriting and marketing operations, creating a plethora of senior roles in each region. The P&C business in each region will now have a single leader.
Achim Bosch, previously regional treaty marketing head, has been made P&C head for Germany, Central and Eastern Europe, and Benelux - which together form the largest part of Gen Re's international operations.
It is further understood that Gen Re's Spanish and Portuguese P&C operations will be headed by Adolfo Martinez, who was previously chief underwriter for treaty in the region.
Emmanuel Brouquier, regional manager for Europe excluding the UK and Germany, has taken on the role of P&C head for France, Scandinavia and the Middle East.
Andrew Flitcroft, previously treaty marketing head for Asia Pacific outside of Japan, is now P&C head for Australia and New Zealand. Rainer Schurmann, formerly treaty marketing head for Asia, has become P&C head for Asia, excluding Japan.
It is understood that a small number of senior staff have chosen to retire as part of the restructure, although most have remained in place under different roles, suggesting there may be further streamlining of management to come from Gen Re.
The restructure has only affected the P&C operations, with Gen Re's international life management structure remaining the same.
Berkshire Hathaway reinsurance chief Jain has set about restructuring Gen Re since the carrier fell under his remit when CEO Tad Montross retired last year.
Jain appointed Kara Raiguel as CEO, and has moved to simplify the complicated management structure of Gen Re in a bid to take out layers and speed up decision-making.
An initial reorganisation of the UK and Italian leadership in October last year, as revealed by this publication at the time, saw Faraday CEO Pietro Toffanello named P&C head for both countries.
Steve Michael, previously CEO of one of Berkshire Hathaway's legacy units, then moved across to lead Gen Re's Lloyd's arm Faraday.
Gen Re did not respond to a request for comment.