Gerard (Jerry) Lynch will be retiring from Gen Re, a Berkshire Hathaway Company,on December 31, 2014. Since founding New England Asset Management (“NEAM”) in 1984, Mr. Lynch has been GR-NEAM's chairman and chief executive officer.
GR-NEAM's current president, William (Bill) Rotatori, has been promoted to chief executive officer and Chip Clark has been appointed to president, effective immediately. Mr. Lynch will remain chairman until his retirement, at which point he will become non-executive chairman of GR-NEAM.
Tad Montross, the chairman, CEO, and president of Gen Re, commented, “It is hard to describe the respect and admiration I have for Jerry. He is, simply said, 'a class act.' Jerry founded NEAM in 1984 and went on to build NEAM into a boutique insurance investment manager with a sterling reputation. In 1995 NEAM was sold to Gen Re. Since then, unaffiliated assets under management increased from $9.4 billion to $63 billion while their insurance company client base has grown from 45 to 100. Jerry and his team's combination of investment acumen, a superb technology platform, and efficient investment accounting services has driven their success.
“I am very pleased with the transition to Bill and Chip as they will make a terrific team providing the leadership that will ensure GR-NEAM's next chapter is equally successful.”
Learn more: http://www.genre.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].