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Gen Re CEO to retire by end of 2016

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Tad Montross, CEO at Berkshire Hathaway-owned global reinsurer Gen Re, will retire by the end of the year, according to a spokeswoman at the firm.

His successor has not been named but will report to Ajit Jain, a Berkshire Hathaway executive.

The spokeswoman could not provide further details.

Montross joined Gen Re in 1978 as a casualty and

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