Warren Buffett’s investment giant Berkshire Hathaway has reportedly identified General Re Chairman Charlie Shamieh to take the reins of its massive insurance operations, according to a Wall Street Journal report published Monday.
Sources familiar with the succession planning told the Journal that Shamieh is being positioned to lead Berkshire’s extensive insurance division once current head Ajit Jain chooses to step down from his role. Jain, who is 74 years old, has been a key figure in the company’s insurance business for decades.
The Wall Street Journal’s reporting cited unnamed individuals with knowledge of the internal discussions. Reuters was unable to independently confirm the succession plan, and Berkshire Hathaway has not yet provided a response to requests for comment about the reported leadership transition.
The potential change would mark a significant shift in leadership for one of Berkshire Hathaway’s most important business segments under Buffett’s corporate umbrella.
