Reinsurance News

Gen Re

AMP expands reinsurance agreements in a move to release capital

10th August 2017

AMP has announced a series of new reinsurance agreements to release about AUS$500 million as part of a strategy to reduce capital held by the Australian wealth protection business, and to reduce future earnings volatility. The new reinsurance arrangements include Gen Re and Munich Re increasing their reinsurance cover share, and ... Read the full article

Gen Re hires William Casill (ex-AXA Equitable) as new Chief Actuary

22nd May 2017

Gen Re, the Berkshire Hathaway owned specialist reinsurance company, has hired William (Bill) Casill, FSA, as Senior Vice President and Chief Actuary of its North American life and health business. Casill was most recently with AXA Equitable, where he held the role of Head of Reinsurance and Corporate Chief Underwriter. In his ... Read the full article

InsurTech firm Sherpa & Gen Re partner to disrupt traditional re/insurance model

16th May 2017

InsurTech firm Sherpa has announced plans to collaborate with reinsurer Gen Re to offer customer-driven insurance cover to provide clients with a single underwriting process and account for all risks insured, replacing and simplifying traditional methods of insuring on a product by-product basis with separate policies and processes. The new business ... Read the full article

Gen Re gets IRDAI approval to open Mumbai branch

15th May 2017

Gen Re, which is owned by Warren Buffett's Berkshire Hathaway, has received final approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a Mumbai branch. The new branch will allow the firm to deliver reinsurance solutions from a local base, enabling a more efficient operation within the Indian ... Read the full article

Warren Buffett’s Gen Re receives R2 approval for launch of Indian business

8th March 2017

One of Warren Buffett's flagship international reinsurers, Gen Re has received second level, or R2 regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to begin operations in the region. After new regulatory laws and guidelines were implemented last year to bolster the Indian insurance and reinsurance industry, ... Read the full article