Kara Raiguel Named CEO at Gen Re

Monday, May 23, 2016 | 0

Kara Raiguel has been named chief executive officer at Berkshire Hathaway’s General Re unit, succeeding former CEO Tad Montross, who retired.

Raiguel’s appointment was announced in a memo from Ajit Jain, head of Berkshire’s reinsurance group, the Wall Street Journal reported. Many consider Jain a likely successor to Warren Buffett when the Berkshire CEO retires.

Raiguel has been with the reinsurance division for more than 15 years and established the company’s workers’ compensation operation in California, according to the memo.

In her new role, she’s been asked to set as a top priority determining how to grow Gen Re’s book of business “without sacrificing the underwriting discipline and integrity,” Jain said in the memo.

Berkshire Hathaway acquired Gen Re in 1998.