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News - Vukelic gets fired from Faraday.

Europe Intelligence Wire

| September 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Berkshire Hathaway has confirmed that Milan Vukelic, the chief executive of the Faraday arm of the company's General Re subsidiary, has been dismissed.

In December 2004, the Financial Services Authority (FSA) advised Faraday that it was investigating Mr Vukelic, the chief executive of Faraday, with respect to transactions entered into between General Reinsurance Australia and companies affiliated with FAI Insurance in 1998. Mr Vukelic previously served as the head of General Re's international finite-business unit.

In April 2005, the FSA advised General Reinsurance that it was investigating Mr ...

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