General Reinsurance AG appoints Pasdika to executive board
Gen Re, the reinsurance subsidiary of Berkshire Hathaway, has appointed Ulrich Pasdika to the executive board of General Reinsurance AG, the company's German legal entity and the main risk carrier for its international business.
The appointment is part of Gen Re’s succession plan for its head of international life/health business Winfried Heinen who is set to retire in July.
Pasdika has been with Gen Re for close to 20 years. He will continue to be responsible for the newly created life/health business segment Europe, Latin America and MENA. Prior to this role, he led Gen Re’s life/health business in Germany and headed-up the international research & development team – a core unit that combines underwriting and actuarial resources and underpins Gen Re’s successful risk management and product development services.
Heinen said: “I am very pleased about this move. Uli and I have worked closely together for almost two decades. During this time, he has played an instrumental role in building our franchise in the German market. In addition, in recent years he has spearheaded our digitisation and insurtech activities. He embodies both Gen Re’s traditional strengths and values and our focus on the future.”
Charlie Shamieh, Gen Re’s chairman, said: “I’m delighted about Uli’s appointment. His vast experience and strong expertise in the international protection markets, in combination with his unwavering client focus, make him the ideal candidate for this position.”
