About General Re
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations. It owns General Reinsurance Corporation and holds a controlling interest in Kolnische Ruckversicherungs-Gesellschaft AG (Cologne Re). Together, General Re and Cologne Re conduct business as Gen Re.
Gen Re is one of the largest reinsurers worldwide. In addition to being a market leader in the US, Gen Re is represented in all major reinsurance markets through a global network in 50 locations, supported by over 2800 employees worldwide.
First Class Financial Security
Through its operating companies, General Reinsurance Corporation and Cologne Re, Gen Re receives the highest financial strength ratings possible:
A.M. Best: A++ (Superior)
Moody's Financial Strength Rating: Aaa
Standard & Poor's Claims Paying Ability Rating: AAA
About Our Reinsurance Solutions
Gen Re provides a wide range of reinsurance solutions for the Life and Non-Life Insurance Industry. We work closely with our clients to understand their strategic and operational issues. With this knowledge, we develop risk transfer solutions tailored to their specific coverage needs.
In support of these customized risk transfer solutions, Gen Re also provides a variety of services in the areas of risk assessment, risk transfer and risk management. Additionally, through various subsidiaries we also offer asset management, capital analysis and related services.
On Being a Direct Reinsurer
Gen Re is a "direct reinsurer," one who delivers its reinsurance solutions directly to its insurance company clients. By dealing on a direct basis and sharing risk with our clients, we find ourselves in the unique position of having our clients' interests aligned with our own, a win/win combination.
On Underwriting
One of the driving characteristics of Gen Re is our continual pursuit of underwriting excellence. To us underwriting excellence means:
- creating an environment that supports and nurtures deep underwriting and technical expertise.
- having the capacity and willingness to experience volatility in a prudent fashion
- helping our clients achieve their business objectives
- applying knowledge and skill to consistently produce profitable underwriting results for our clients and ourselves
Our wide array of publications represent just a sample of how Gen Re underwriters put their technical expertise to work for our clients.
On Claims
Our claims executives have the skill, experience and knowledge to provide first class support to our clients on complex and critical cases. We maintain extensive information and research on legislative and judicial developments, and other claims management topics. In some locations, over 90% of our claims are paid in three days or less from the date we receive the payment request.
Putting It All Together
Gen Re is the answer to the increasing demand on the part of clients for superior solutions to complex needs, global networks of underwriting and claims specialists, all delivered locally, on a client by client basis.
