Reinsurance News

Gen Re adds Ulrich Pasdika to exec board of General Reinsurance AG

7th May 2020 - Author: Staff Writer

Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has appointed Ulrich Pasdika to the Executive Board of General Reinsurance AG, effective 1 August 2020.

Gen ReGeneral Reinsurance AG is Gen Re’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 long-standing Head of International Life/Health business, Winfried Heinen, whose forthcoming retirement was announced earlier this year. Heinen will continue to serve in his roles until 31 July 2020.

Pasdika is an experienced re/insurance executive who has been with Gen Re for close to 20 years.

He will continue to be responsible for the recently created Life/Health business segment Europe, Latin America and MENA.

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Prior to this role, he led Gen Re’s Life/Health business in Germany and headed-up the international Research & Development team.

“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,” said Heinen.

“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, added, “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.”

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