Widespread re corp., the reinsurance subsidiary of berkshire hathaway, announced that andrew d’arcy will become head of gen re international property & casualty.
D’arcy will relinquish the function of ceo of faraday, gen re’s lloyd’s operation, which manages syndicate 435. D’arcy will be part of the overall reinsurance ag executive management board.
In his new role, d’arcy will oversee gen re’s global direct assets and casualty reinsurance enterprise in addition to the broking market business handled thru the faraday platforms. The appointment is effective can also 1, 2019 and subject to regulatory approvals.
Within the assertion, gen re defined the flow as a consolidation of its global percent management.
In a separate appointment, tom shelley will assume the position of faraday ceo and chris thorne will expect the location of faraday leader underwriting officer. Gen re chairman charles shamieh will be part of the faraday board of directors.
Gen re and faraday will maintain to offer their reinsurance and coverage answers of their respective markets.
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