Gen Re News

Gen Re Marks a Decade of Helping Wounded Warriors at San Antonio Event

For the past 10 years the Gen Re office in Dallas has been hosting a successful fundraising event in San Antonio for the Wounded Warriors organization. Soldiers who have been seriously wounded while serving in Iraq and Afghanistan have had …

Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market

General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world’s fastest-growing reinsurance market. The unit plans to expand in health and …

InsurLab Germany Launched in Cologne to Promote Insurtech Innovation

InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry. There are eight founding insurance companies: AXA, Barmenia, Debeka, Gen Re, Gothaer, LVM, Provinzial Rheinland and R+V. …

Gen Re Receives License to Open Reinsurance Branch in India

Gen Re has received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai ( known as R3 authorization). The branch structure will now allow Gen Re to deliver underwriting and risk management …

Buffett’s Gen Re to Exit Operations at 6 Locations, Amid Global Reorganization

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 reinsurer said Thursday that it plans to shutter operations in …

Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager

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 Toffanello who has taken on …

Gen Re: Toffanello Named CEO of Faraday When Ceurvorst Retires in 2016

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 to serve as chief underwriting officer …

Best Affirms General Reinsurance Corp’s ‘A++’ Ratings; Outlook Stable

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 and its core property/casualty and life reinsurance/insurance subsidiaries operating in the United States and internationally – …