September 26, 2016 5:27 PM ET

Insurance

Company Overview of General Re Corporation

Company Overview

General Re Corporation provides reinsurance solutions to the life, health, property, and casualty insurance industries in North America and internationally. It offers life and health reinsurance protection in various lines of business, such as critical illness, disability, life, and Medicare supplement; underwriting services for individual life, individual disability, and individual critical illness; claim management services; industry wide studies and research services for life and health reinsurance clients; and educational meetings and Webinars. The company also provides solutions and services in the areas of risk assessment for biometric insurance risk; medical underwriting and claims as...

120 Long Ridge Road

Stamford, CT 06902

United States

Founded in 1929

Phone:

203-352-3000

Fax:

203-328-5922

Key Executives for General Re Corporation

Chief Executive Officer and President
Chief Executive Officer of Faraday Syndicate 435
Age: 47
Chief Executive Officer of General Re Life Corp.Life/Health North America and President of General Re Life Corp.Life/Health North America
Chief Executive Officer of NEAM
Chief Executive Officer of General Star & Genesis and President of General Star & Genesis
Compensation as of Fiscal Year 2016.

General Re Corporation Key Developments

The General Re Announces Management Changes

The General Re named Kara Raiguel as its new chief executive officer, replacing the retiring Tad Montross. Raiguel will report to Ajit Jain, who oversees Berkshire Hathaway Reinsurance Group and has long been viewed as a potential successor to Buffett at Berkshire itself.

Gen Re to Close Offices in Restructure

Gen Re is discontinuing three offices in the US: Charlotte in North Carolina, Seattle and St.Paul in Minnesota; one in Europe: Riga; and two in Asia-Pacific: Hong Kong and Melbourne. The restructure comes as the P&C global reinsurance market has become increasingly competitive in the last few years as capital has flooded into the industry. The reinsurer stressed it remains committed to all of these markets and will realign the operations with other offices. Gen Re is also reorganising European treaty underwriting to work along five line-of-business teams.

Gen Re Announces Global Property and Casualty Reorganization

Gen Re announced that it will reorganize its Direct Global P&C operations in an effort to position the company’s team for the future. First, the footprint around the globe was evaluated to most effectively serve clients and to access promising business opportunities in the future. As a result of that analysis, six smaller Property & Casualty operations will be integrated into teams in larger locations to facilitate a more robust delivery of services to clients. Therefore, Property & Casualty operations will be discontinued at the following locations: North America Charlotte, Seattle and St. Paul; Europe Riga; and Asia Pacific Hong Kong and Melbourne. Despite these changes, the company remains committed to these markets, servicing clients, and pursuing new opportunities across all regions. Throughout this transition, the company will work closely with its regulators to make certain that transition is appropriately managed, regulations are followed, and obligations to Gen Re’s clients are fully met. Secondly, with the same goals in mind, company's European Treaty underwriting resources will now be organized more centrally along five line-of-business teams to support the entire region. This will allow the company to leverage underwriting expertise more effectively across Europe to support business development, and to provide even greater underwriting resources to customers through the company’s direct reinsurance model.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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