Insurance CEO Buys Actress Lange's Minnesota Home for $1.8 Million

December 12, 2008

The buyers of Jessica Lange's home in Stillwater, Minn. have been revealed.

According to the Washington County Assessor's Office, the buyers are Patrick and Jane Thiele. Patrick Thiele is a former top executive at The St. Paul Cos.

The home of Lange and Sam Shepard was sold in September for $1.8 million. At that time, the names of the buyers weren't disclosed.

Patrick Thiele has been the CEO of Bermuda-based reinsurer PartnerRe since 2000. Reinsurers sell insurance to insurance companies to spread out their risk. He worked for The St. Paul Cos., now Travelers, for 20 years.

Lange, a Cloquet native, bought the former bed-and-breakfast in 1994 for $415,000. She and Shepard lived there about nine years and raised their three children there.

When the estate was offered for sale in 2004, the price was $3.3 million.