Gen Re Consolidates International Property & Casualty Management
Issue: April 2019 | Property/Casualty International
For immediate release
Effective May 1, 2019 and subject to regulatory approvals, Gen Re’s international direct property and casualty reinsurance business and the broker market business handled through the Faraday platforms will be overseen by Andrew D’Arcy as Head of Gen Re International Property & Casualty. Mr. D’Arcy will relinquish the role of Faraday CEO and will join the General Reinsurance AG Executive Management Board.
Tom Shelley will assume the role of Faraday CEO and Chris Thorne will assume the position of Faraday Chief Underwriting Officer. Gen Re Chairman Charles Shamieh will join the Faraday Board of Directors.
Gen Re and Faraday will continue to offer their highly rated reinsurance and insurance solutions in their respective markets.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. We work closely with our clients to understand their strategic and operational goals, offering a wide range of products, tools and resources that aim to promote our clients’ ongoing growth and success.
Gen Re is a member of the Berkshire Hathaway family of companies and has earned superior financial strength ratings from each of the major rating agencies. We take our commitments very seriously. And with $14 billion in capital and $6 billion in premiums, we only make promises we can keep. www.genre.com