Influential women in re/insurance: re/insurers and brokers
OF OF 2017
Company: General Re Corporation
Job title: President and CEO
2016: President and CEO of General Re Corporation
2001: Vice president, national indemnity, Berkshire
1999–2000: Assistant vice president, ACE,
1993: Actuary, CIGNA
What has been the highlight of your career so far?
Joining the Berkshire Group of companies in 2001 was
certainly the beginning of an extraordinary experience.
Berkshire has a very special business culture, and over the
years I’ve led several acquisitions and startup opportunities
that taught me great lessons. Being in the trenches gives you
a window on many aspects of the insurance business that I’ve
drawn upon in my current role.
What has been the biggest challenge you have encountered?
Generating profitable growth is one of the biggest challenges
for all of us. Transitioning into my role of Gen Re’s CEO
in the current market environment, and figuring out how to
navigate a large organisation efficiently, make good, quick
decisions, and understand the impact on us and our clients
has been challenging.
I don’t want to lose the action orientation of a small company
or overlook the benefits of the depth of connections in a
company the size of Gen Re. Fortunately, they are not
mutually exclusive, and I have the advantage of a world-class
team of associates who are working every day to ensure that
we can build and broaden mutually beneficial relationships
with our clients.
Kara Raiguel is the president and chief executive officer of General
Re Corporation, having joined the group in May 2016. Previously,
Raiguel was vice president at Berkshire Hathaway’s reinsurance
division in Connecticut where she was involved with pricing loss
portfolio transfers and acquisitions in the reinsurance division as
well as prospecting reinsurance and insurance opportunities. At
Berkshire Hathaway, she was responsible for Guard Insurance
Group, a workers’ compensation and liability insurance operation,
as well as the division’s India Reinsurance portfolio and Berkshire
Hathaway’s financial guaranty insurer, BHAC.
She also supervised the establishment of a California workers’
compensation portfolio for Berkshire Hathaway Group
member National Liability & Fire Insurance Company.
Raiguel began her career in 1994 with CIGNA Property &
Casualty in Philadelphia, Pennsylvania, joining the Berkshire
Hathaway Group in 2001. Her experience as an underwriter
spans most casualty lines including general liability, workers’
compensation and medical malpractice. She earned an
undergraduate degree in mathematics from Ursinus College
and is a Fellow of the Casualty Actuarial Society.
Why did you choose to work in this industry?
Like so many of us in the business, insurance was not on my
mind for a career as a college student. I liked mathematics,
which led me to the actuarial field. While my love of maths
is still a significant part of my work at Gen Re, more than
anything I enjoy the problem-solving aspect of the business.
It requires a combination of mathematics and people skills
to solve problems in our business. We are not just building
spreadsheets; we work side by side with our clients to solve
the challenges and help identify and think through those
risks that they may not yet know.
“Over the years I’ve led several
acquisitions and startup opportunities.”
58 | INTELLIGENT INSURER | 2017 www.intelligentinsurer.com