Faraday Group chief executive Milan Vukelic has been suspended as the US probe into finite reinsurance deals at General Re gathers strength.
Faraday Group is the London market reinsurance operation of General Re.
On Friday Berkshire Hathaway confirmed in a securities filing that Vukelic had been placed on “administrative leave with pay.”
Last year Vukelic faced suspension by the Australian regulatory authorities over his involvement with finite reinsurance deals with HIH subsidiary FAI.
The suspension was dropped when the Australian regulatory authority concluded that there was insufficient evidence to support it.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
