Gen Re, a Berkshire Hathaway Company, announced several planned organizational changes prompted by Gerard Lynch’s announcement that he will be retiring December 31, 2014.
Lynch has been chairman and CEO since founding New England Asset Management (NEAM) in 1984.
Effective immediately, the company’s current president, William Rotatori, was promoted to chief executive officer and Chip Clark was appointed to president. Lynch will remain chairman until his retirement, at which point he will become non-executive chairman.
Source: Gen Re
Was this article valuable?
Here are more articles you may enjoy.
Canceled FEMA Review Council Vote Leaves Flood Insurance Reforms in Limbo 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
US Will Test Infant Formula to See If Botulism Is Wider Risk 
China Bans Hidden Car Door Handles in World-First Safety Policy 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.