It owns General Reinsurance® and General Reinsurance AG, which conduct business as Gen Re. In Germany in 1846 (as Cologne Re), the world's first independent professional reinsurance company was born, and in 1852, the first professional reinsurance treaty was signed. A.M. Best Affirms Credit Ratings of General Reinsurance Corporation and Its Subsidiaries: Dec 17, 2015: A.M. Best Withdraws Ratings of Faraday Reinsurance Co. Limited: Oct 28, 2015: A.M. Best Affirms Ratings of General Reinsurance Corporation and its Subsidiaries: Apr 30, 2015: A.M. Best Withdraws Ratings of Granada Insurance Company: Jun 17, 2014 Gen Re is a member of the Berkshire Hathaway Inc group of companies. Gen Re has made significant contributions to the structure of today's reinsurance markets. The company is a direct reinsurer and is represented in all major reinsurance markets worldwide through a network of more than 40 offices and over 3,578 employees. Founded in 1997 in Montreal, Quebec, the studio started with only 50 employees. Gen Re Operating Metrics. In 1998, We have no exit strategy. We take our commitments very seriously.

"Also in 1929, General Reinsurance affirmed that it would be only a direct reinsurer.In 1994, General Reinsurance Corporation formed an alliance with what was then In October 2000, some Wall Street analysts questioned the decline in Cologne Re Dublin's CEO, John Houldsworth, agreed to turn state's witness for the The DOJ subsequently undertook successful prosecutions against four former Gen Re executives and one former AIG executive: CEO Ronald Ferguson was sentenced to two years in prison and fined $200,000; CFO Elizabeth Monrad was sentenced to 18 months in prison and fined $250,000; Senior Vice President Christopher Garand was sentenced to a year and a day in prison and fined $150,000; Senior Vice President and Assistant General Counsel Robert Graham was sentenced to a year and a day in prison and fined $100,000; AIG's Vice President Christian Milton was sentenced to four years in prison and fined $200,000.In 2009, in front of U.S. District Judge Christopher Droney in Hartford, Houldsworth apologized.

Gen Re Cybersecurity Score. USD FY, 2017 FY, 2018; Net Income: 416.0m: show all. We come from all walks of life and share one goal: Putting you at the center of every decision. At Gen Re, we put you at the center of every decisionGen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. In 1994, General Re® formed an alliance with Cologne Re (now General Reinsurance AG). Gen Re takes social responsibility very seriously with respect to our associates, our clients, our community and our environment. Reinsurers "insure insurance companies", i.e., they will pay a portion of an insurance company's claims in exchange for a portion of the premium received by the insurance company for policies that cover those claims. Cybersecurity rating … As a direct reinsurer, we are in the risk assumption business, just like our clients. General Re®, a subsidiary of Berkshire Hathaway Inc., is the holding company for global reinsurance and related operations. FY, 2019; Offices. "In June 2012, the U.S. government agreed to not pursue any further legal action against the former Gen Re executives pursuant to deferred prosecution agreements that have since expired and are no longer in effect. With hundreds of experts in key reinsurance markets around the world, you can rely on our advice, services and proprietary … © General Re Corporation 2020. At Gen Re, our most valuable resource is our people. These positive rating … And with $15.4 billion in capital and $10.1 billion in premiums (NPW), we only make promises we can keep.Gen Re, as a direct reinsurer, is one of the leading Life/Health and Property/Casualty reinsurers in the world. General Reinsurance Corporation is an American multinational property/casualty and life/health reinsurance company offering a range of reinsurance products and services.

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