The once languishing insurer is now showing signs of new life. Here's why:

NEW MANAGEMENT

Buffett drops his usual hands-off style and replaces veteran CEO Ronald Ferguson with Joseph Brandon

NEW EMPHASIS

Pricing and profits--not market share--now take priority

PREMIUMS ROCKET

In the wake of September 11, premiums for reinsurance soar

CREDIT RATING

General Re has been able to maintain its AAA rating

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