Farmington, CT, October 9, 2012 … Mr. Jerry Lynch, Chairman and CEO of General Re–New England Asset Management, Inc. (GR–NEAM) announced that Mr. Mark M. Yu has joined GR–NEAM as an Enterprise Risk Management professional. Mr. Yu is responsible for GR–NEAM’s capital management and enterprise risk activities for life insurance companies, reporting to Jim Bachman Ph.D., Vice President Capital Management, GR–NEAM.
Bill Rotatori, President of GR–NEAM commented, “Enterprise risk management plays an increasingly important role in product development and asset management within the life insurance industry as new regulatory schemes are adopted and demographics evolve in the United States. We are very excited to have Mark join our firm and help us to meet the evolving asset and capital management requirements of our life insurance clients.”
Mr. Yu has over 13 years of insurance industry experience. Prior to joining GR–NEAM, Mr. Yu was a senior risk manager within the Governance and Strategy team at AIG Enterprise Risk Management. Prior to working at AIG ERM, he was a Senior Vice President and Treasury Director within the Group Capital Management division of Swiss Re. Mr. Yu holds a B.A. from National Tsing Hua University in Taiwan and a M.S. from the University of Iowa. He is a Fellow of the Society of Actuaries, a CFA charterholder, a Financial Risk Manager, and a Member of the American Academy of Actuaries.
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GR–NEAM is an SEC-registered investment advisor that specializes in offering capital and investment management services primarily to the insurance industry. GR–NEAM is a wholly-owned subsidiary of General Re Corporation. General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations that operates under the brand name of Gen Re.