Latest Gen Re Headlines
All the headlines from our Gen Re Topic Page, ordered by recency.
Buffett’s Gen Re to Exit Operations at 6 Locations, Amid Global Reorganization
Mar 11 2016 // Gen Re, one of the giant reinsurance businesses at Warren Buffett’s Berkshire Hathaway Inc., said it’s exiting property and casualty operations at six smaller locations amid a global reorganization. The...
S&P Affirms Berkshire Hathaway Insurance Units’ Ratings
Feb 19 2016 // Standard & Poor’s Ratings Services has affirmed its ‘AA+’ financial strength and long-term counterparty credit ratings on Berkshire Hathaway Inc.’s (BRK) operating insurance subsidiaries. The...
Berkshire Insurance Units Slump in Q2
Aug 10 2015 // Warren Buffett’s Berkshire Hathaway Inc. posted second-quarter profit that missed analysts’ estimates because of higher claims costs at insurance units including Geico. Net income dropped 37 percent to $4.01...
Hartford Names Gen Re’s Tooker as P/C Insurance Chief Underwriting Officer
Jul 20 2015 // The Hartford has named A. Morris “Mo” Tooker as executive vice president and chief underwriting officer for the company’s property/casualty insurance businesses. Tooker will oversee underwriting across...
Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager
Jun 24 2015 // Gen Re announced that Andrew Flitcroft will assume the role of managing director of General Reinsurance Australia and regional treaty manager for the Asia Pacific region, effective July 31. He will take over for Pietro...
Gen Re: Toffanello Named CEO of Faraday When Ceurvorst Retires in 2016
Jun 10 2015 // Gen Re announced that Paul Ceurvorst will retire as CEO of Faraday in March 2016. Pietro Toffanello will become CEO of Faraday upon Ceurvorst’s retirement, subject to UK regulatory approval. Mark Rayner will continue...
Gen Re Makes Management Changes; Jones, Ferrero Co- Presidents
Jan 21 2015 // General Re Corp. has announced senior appointments at the group’s global direct property/casualty reinsurance operation. Robert M. Jones will serve as co-president and chief marketing officer for global marketing....
Berkshire Profit Soars; Geico, Gen Re Profits Up
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Gen Re Announces Senior Appointments in Asia Pacific
Jul 22 2014 // Berkshire Hathaway’s General Re has announced a number of senior appointments in the Asia Pacific region, as follows: Pietro Toffanello will assume the role of Property/Casualty Regional Manager for Asia Pacific, in...
Best Affirms Gen Re and Subs Ratings; Outlook Stable
Jun 18 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut,...
Insurance Units’ Profits Drive Berkshire Hathaway
Mar 3 2014 // Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with...
Court Denies AIG Ex-CEO Greenberg Bid to Remove Judge From New York AG Case
Feb 5 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him of...
People – East
Sep 23 2013 // Selective Insurance Group in Branchville, N.J., selected John Marchioni as president and chief operating officer. Gregory Murphy, who remains chairman and chief executive officer, previously held the president...
Best Affirms Gen Re Group’s ‘A++’ Ratings; Outlook Stable
Jun 12 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Conn., and...
Greenberg Should Face Trial as ‘Deterrent,’ Says New York State
May 29 2013 // Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for...
Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit
May 28 2013 // New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head of insurance company American International Group...
Gen Re Names Flitcroft Marketing Manager for P/C Treaty in Australia, NZ
Mar 26 2013 // Gen Re announced the appointment of Andrew Flitcroft as Marketing Manager for the Property/Casualty Treaty business in Australia and New Zealand, effective April 1, 2013. He is a Fellow of ANZIIF, and has been Gen...
Former AIG, Gen Re Execs Admit to Fraud, Pay Fines
Jul 2 2012 // Five former executives of American International Group Inc and Berkshire Hathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on June 22 as part of a deal to end a years-long criminal case...
Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines
Jun 25 2012 // Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long...
Deal Reached in AIG, General Re Executives’ Fraud Case
Jun 22 2012 // A deal has been reached to prevent a new criminal fraud trial for former executives of American International Group Inc. and Berkshire Hathaway Inc. unit Gen Reinsurance, federal prosecutors said on Friday. “The...
