Reinsurance News
Gen Re
Gen Re supports launch of new Chinese life insurance product
31st August 2021
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has backed the launch of a new life insurance product by Fanhua Inc. in China. The product, which is also backed by Dingcheng Life Insurance Co., Ltd, is a customized whole-life insurance solution that targets at mid-and-high net worth individuals, and is ... Read the full article
TransRe and Gen Re break off underwriting partnership
15th June 2021
Transatlantic Reinsurance Company (TransRe) and General Reinsurance Corporation (Gen Re) have decided not to renew their underwriting partnership for North American property and casualty (P&C) business that has been in place since July 2016. The reinsurers announced yesterday that they would not extend the 5-year agreement, under which TransRe has acted ... Read the full article
Gen Re to develop mental health product in South Africa
14th December 2020
Berkshire Hathaway's global reinsurance subsidiary, Gen Re, has announced plans to develop an insurance product for managing mental health issues, beginning in South Africa. Gen Re, which operates in South Africa as General Reinsurance Africa Ltd., notes that mental health conditions are on of the leading causes of disability in the ... Read the full article
Gen Re adds Ulrich Pasdika to exec board of General Reinsurance AG
7th May 2020
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has appointed Ulrich Pasdika to the Executive Board of General Reinsurance AG, effective 1 August 2020. General Reinsurance AG is Gen Re’s German legal entity and the main risk carrier for its international business. The appointment is part of Gen Re’s succession plan ... Read the full article
Gen Re partners with medical malpractice insurer NJ PURE
20th March 2020
General Reinsurance Corporation (Gen Re), the global reinsurance subsidiary of Berkshire Hathaway, has entered into a partnership reinsurance contract with NJ PURE, a medical malpractice insurer based in New Jersey. The agreement is expected to minimise the exposures of NJ PURE, while allowing it to strengthen its position in the industry ... Read the full article
Gen Re names new L&H International leaders as Heinen retires
27th February 2020
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has announced that Winfried Heinen, its long-standing Head of Life and Health International business, has decided to retire on July 31, 2020. Heinen joined the company in 1988 and currently serves as Chairman of the Executive Board of General Reinsurance AG, Gen ... Read the full article
Loss trends call for more caution regardless of ‘new normal’ question: Gen Re CEO
15th October 2019
The significant increase in loss volatility for many property and casualty (P&C) lines over the past decade should be enough to demand more caution from re/insurers, regardless of whether or not this experience represents a ‘new normal’. This is according to Kara Raiguel, President and Chief Executive Officer (CEO) of Gen ... Read the full article
Individual disability market growth continues but at slower rate: Gen Re
4th June 2019
The U.S individual disability insurance market continued to grow in terms of new sales in 2018, although at a slower rate than in 2017, according to a report from Gen Re, the global reinsurance subsidiary of Berkshire Hathaway. Analysts reported that overall new individual disability sales were up 2.8% to $413 ... Read the full article
Faraday CEO Andrew D’Arcy named as Head of Gen Re International P&C
30th April 2019
Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has appointed Andrew D’Arcy, current Chief Executive Officer (CEO) of Faraday Syndicate 435, as Head of Gen Re International Property & Casualty. Following the appointment, which is effective May 1, 2019, D’Arcy will relinquish the role of Faraday CEO and will join ... Read the full article
Swiss Re, Zurich offered stake in IAG’s Indian venture, say sources
19th February 2019
Swiss Re, Zurich Insurance, Gen Re and Liberty General are among a group of almost 40 companies who have been approached to buy out Insurance Australia Group’s (IAG) 26% stake in SBI General Insurance, according to sources at The Economic Times. IAG is reportedly seeking Rs 3,400 crore (US $476 million) ... Read the full article
Gen Re develops facial analytics app for insurance buyers
14th February 2019
Global reinsurer Gen Re has developed a new mobile application that uses facial analytics technology to help customers purchase Life, Hospital Cash and Accidental Death insurance policies. The NOW app uses technology by Lapetus Solutions to quickly estimate factors such as a user’s age, gender and BMI based on an uploaded ... Read the full article
Positive 2017 market results for U.S Individual Disability, reports Gen Re
10th May 2018
Gen Re has reported overall positive 2017 results trends for the U.S Individual Disability market, with total in-force premium up 2.3% on average, and total sales premiums increasing by 9.1%. The company’s annual U.S. Individual Disability Market Survey looks at results from 15 participating companies and offers insight and analysis on ... Read the full article
Gen Re partners with tech company Thrive on mental health outcomes
16th April 2018
Gen Re has announced plans to collaborate with Thrive, a company that develops software for the prevention, screening and self-management of mental health conditions, to promote better mental health outcomes for insurance and reinsurance customers. Working together, Gen Re will help to deliver Thrive’s digital solutions to global life and health ... Read the full article
Gen Re partners with tech company PAI Health to reduce risk
11th April 2018
Gen Re is to collaborate with PAI Health, a technology company that uses algorithms to optimise health, to develop re/insurance solutions for life and health clients in the global market. Gen Re hopes to use the company’s PAI (Personal Activity Intelligence) to drive its customer engagement and reduce the risk of ... Read the full article
Gen Re partners with TrackActive to enhance health solutions for insurance industry
11th October 2017
Global reinsurer Gen Re is to collaborate with digital health provider, TrackActive, to deliver innovative and effective solutions to its life and health customers in the international insurance sector. TrackActive recently completed the Startupbootcamp InsurTech London accelerator programme, and the company has seen impressive take-up of its clinical software in numerous ... Read the full article
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