Who is the vice chairman of insurance operations at Berkshire Hathaway? Ajit Jain is the answer.
Berkshire Hathaway appointed Ajit Jain vice chairman of insurance operations in 2018. In that role, he oversees the company’s insurance activities, including the specialized reinsurance operations that have long been central to Berkshire’s strategy and earnings.
Jain joined Berkshire in 1986 and became known for handling unusually large and complex risks. Warren Buffett has repeatedly praised Jain’s underwriting judgment, discipline and ability to structure coverage for risks that many insurers would avoid. His work helped make Berkshire a major force in global reinsurance.
The principal mix-up is with Greg Abel, who is vice chairman of non-insurance operations. Todd Combs is another Berkshire investment and insurance executive, while Warren Buffett is chairman and chief executive officer. Jain’s title specifically identifies him with insurance, not with Berkshire’s operating businesses or investment portfolio.