Jain seeks cost cuts at Gen Re: Report

Berkshire Hathaway's reinsurance chief Ajit Jain has told staff
at Gen Re to fix the cost "problem" at the subsidiary,
according to a memo obtained by Bloomberg.
The letter called on employees to tackle the issue
"intelligently" to give the carrier "a shot at
making a real dent in the expense-to-premium ratio", according
to the newswire.
It reportedly rounded off by saying: "If we can't, we
will need to explore other ways to do so."
The executive called for Gen...