Meet Charles S. Shamieh
Executive Chairman of Gen Re
Charlie Shamieh has more than 35 years of insurance industry experience, having held senior insurance and reinsurance executive positions across three continents. Charlie lives in the United States of America and has dual citizenship of the USA and Australia. (Charlie was born on 11 January, 1967 in Lebanonand migrated with his family from the Middle East to Australia in1974). He holds a Bachelor of Economics degree from Macquarie University in New South Wales, Australia, and is a Fellow of The Institute of Actuaries of Australia.
Charlie is the Executive Chairman of Gen Re (a Berkshire Hathaway Company) responsible for Gen Re’s global reinsurance businesses with approx. $11B of Gross Written Premiums and $15B of Equity Capital. Gen Re is a diversified Global Life and Health and Property & Casualty Reinsurer with major headquarters in Stamford, US and Cologne, Germany and approximately 2,000 associates worldwide.
Prior to joining Gen Re in 2018, Charlie held several senior executive positions at AIG, Inc. in New York, USA spanning eleven years (2007-2018), including as AIG’s first Corporate Chief Actuary (across life and non-life), AIG’s CEO Life, Health and Disability overseeing businesses in the U.S., Europeand Asia;andAIG’sCEOof the Legacy Segment,where he oversaw the release of over $9B of legacy capital and the establishment of AIG’s run-off reinsurer (now known as Fortitude Re) with over $40B of assets.
Prior to joining AIG, Charlie was the first Chief Risk Officer of the Munich Re Group in Munich, Germany (2003-2007). In this role he was responsible for the risk functions of Munich Re’s global reinsurance and primary businesses. During his tenure, S&P cited the progress made by Munich Re in its risk function as a major factor in its decision to upgrade the group to a “AA-“ rating in late 2006.
Before joining Munich Re, Charlie held various senior/ partner level consulting roles – with Oliver Wyman in London, UK (2001-2002), with Deloitte (formerly Trowbridge) in Melbourne (1997-2001) and Mercer in Melbourne, Australia (1993-1997). At Oliver Wyman he consulted to the insurance and reinsurance industries in Europe and Asia; at Deloitte he consulted to Australia’s major gas and electricity market participants in Australia’s eastern States and at Mercer, to major Australian corporate defined benefit pension plans for employees in the natural resources and media sectors.
Charlie began his career in 1986 with AMP in Sydney Australia and held several roles over a period of eight years advising on bundled insurance and group products to AMP’s major defined benefit corporate and industry superannuation clients in Tasmania, Victoria and NSW.