Business
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.
As a direct reinsurer, Gen Re delivers reinsurance solutions to companies in all segments of the insurance industry on both a Treaty and Facultative basis. Gen Re's Property and Casualty reinsurance in North America is written through General Reinsurance Corporation and internationally through Germany-based General Reinsurance AG and other wholly owned affiliates. Gen Re's Life and Health reinsurance is written in North America through General Re Life Corporation and internationally through General Reinsurance AG.
General Re Corporation is a wholly owned subsidiary of Berkshire Hathaway Inc., the holding company run by investor Warren Buffett. Other businesses in the General Re Corporation group include: Gen Re Intermediaries, a reinsurance intermediary and risk advisor; General Star, a specialty and surplus lines provider; Genesis, an alternative risk insurance provider; Faraday, a London market reinsurance company; USAU, underwriters of aviation insurance; and GR-NEAM, an SEC-registered investment advisor servicing the insurance industry.
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Famous quotes containing the word business:
“And what if my descendants lose the flower
Through natural declension of the soul,
Through too much business with the passing hour,
Through too much play, or marriage with a fool?”
—William Butler Yeats (1865–1939)
“I do not claim that all women, or a large portion of them, should enter into independent business relations with the world, but I do claim that all women should cultivate and respect in themselves an ability to make money.”
—Ellen Demarest (1824–1898)
“My business was great, and in such a case as mine a man may strain courtesy.”
—William Shakespeare (1564–1616)