Latest Gen Re Headlines
All the headlines from our Gen Re Topic Page, ordered by recency.
Best Affirms General Re Group Ratings of ‘A++’
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
General Re Receives License for China
Jun 2 2004 // General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced that it has been issued a license to operate as a composite reinsurance company in China on a nationwide basis. Gen Re’s branch will be...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Gen Re Invited to Apply for Reinsurance License in China; CEO Receives Marco Polo Award
Nov 18 2003 // General Re, a subsidiary of Berkshire Hathaway Inc., announced that the China Insurance Regulatory Commission (CIRC) has invited the company to apply for a national reinsurance license to conduct both life and...
General Re to Adopt ‘Gen Re’ as Global Brand Name
Oct 17 2003 // General Re Corp., one of the major subsidiaries of Berkshire Hathaway, announced that it has changed its global brand name for its insurance operations to “Gen Re.” Chairman and CEO Joseph P. Brandon explained:...
General Re Announces Purchase of AXA Konzern’s Share of Joint Venture
Jul 14 2003 // General Re Corporation announces it has purchased AXA Konzern AG’s 49.9 percent shareholding in a Luxembourg-based joint venture company which owns 12,324,090 shares, or about 58.9 percent, of Kolnische...
A.M. Best Affirms Cologne Re ‘A++’ (Superior) Rating
Jun 13 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A++’ (Superior) of Koelnische Rueckversicherungs-AG (Cologne Re) and its core subsidiaries, with a stable outlook. The affirmation...
Report AXA to Sell Stake in Cologne Re to General Re
Mar 31 2003 // Axa Konzern, a German subsidiary of France’s AXA Group, will reportedly sell its 49.9 percent stake in General RE-CKAG, an intermediary company controlled by Berkshire Hathaway’s General Re, that owns slightly...
Liquidation Ordered for Aries
Nov 18 2002 // A Leon County (Florida) Circuit Court Judge Janet Ferris ordered liquidation for troubled Miami property and casualty insurance carrier Aries Insurance Company, making way for the use of state guaranty funds to pay...
General Re-New England Asset Management Hires Holl
Aug 19 2002 // General Re-New England Asset Management Inc. (GR-NEAM), the Farmington, Conn.-based insurance investment and capital management firm, has hired Barton Holl, formerly the director of sales and marketing at Deutsche...
Herbert Clough Inc. Changes Name to Gen Re Intermediaries
Jul 30 2002 // Global reinsurer, General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced a new name for its Stamford-based reinsurance intermediary company, Herbert Clough Inc. Herbert Clough now operates under the...
Berkshire Earnings Hit by Sept. 11th
Mar 25 2002 // Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC...
Warren Buffett Explains $679M Loss, Gives Shareholders Update
Nov 15 2001 // In a letter to shareholders posted on Nov. 9, Warren Buffett did his best to explain to shareholders the recent unprecedented loss at Berkshire Hathaway Inc., calling the results of the third quarter “anything but...
Esurance Aquired by Folksamerica Holding Co.
Oct 16 2000 // A majority interest in Esurance Inc., a direct-to-consumer, online provider of personal lines insurance, was acquired by Folksamerica Holding Company Inc. “It was just the right thing at the right time,”...
Esurance Acquired by Folksamerica Holding
Oct 9 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. “It was just the right thing at the right time,”...
Brandon Named CEO, Executive Vice President General Re
Aug 30 2000 // Joseph Brandon has been promoted to executive vice president of General Re Corp. and named vice chairman and chief executive of General Reinsurance Corp. Brandon will oversee all North American reinsurance and insurance...
General Re Corp. Gets ‘A++’
May 15 2000 // A.M. Best assigned a group financial strength rating of “A++” to Stamford, Connecticut-based General Reinsurance Corp., and its core affiliated property/casualty and life/health insurance and reinsurance...
General Re Will Not Sell or Spin-Off Financial Products
May 8 2000 // General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc. has completed its analysis of strategic alternatives for General Re Financial Products (GRFP), determining that it will resume its activities...
Argonaut, General Re Form Tri-Party Agreement
Feb 25 2000 // Metropolitan Life Insurance Co., approved its plan toconvert into a stock company. The final vote determined that 93 percent of the nearly 2.8 million pulicyholders who voted approved the plan. Metropolitan Life Insurance...
