Berkshire Hathaway selected Charlie Shamieh to eventually succeed Ajit Jain as head of its insurance operations. Shamieh currently serves as the chairman of the General Reinsurance (Gen Re) unit.
Ajit Jain, 74, has led the insurance division for decades. He transformed the unit into a primary driver of the conglomerate’s growth. Jain remains in his role for the foreseeable future with no specific retirement date announced.
Shamieh joined Gen Re in 2018 after holding positions at AIG and Munich Re. The internal appointment aims to ensure leadership continuity for the company's most crucial business.