Charlie Shamieh to Succeed Ajit Jain at Berkshire Hathaway

Berkshire Hathaway has reportedly chosen Charlie Shamieh to succeed Ajit Jain as head of their insurance division upon Jain's retirement. The news was reported by the Wall Street Journal, but Reuters has yet to confirm this report. Berkshire Hathaway has not commented on the matter.

Berkshire Hathaway has named Charlie Shamieh, current Chairman of Gen Re, as the successor to their longstanding insurance head, Ajit Jain, according to sources cited by the Wall Street Journal on Monday.

Shamieh is expected to assume control of Berkshire's vast insurance operations when the 74-year-old Jain decides to retire, the report indicates.

Reuters has not been able to independently verify this information, and Berkshire Hathaway has not issued a comment following a request for clarification.