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.
Read more about this topic: Gen Re
Famous quotes containing the word business:
“Half the business is done, when one has gained the heart and the affections of those with whom one is to transact it.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“I only do business with the people I do business with. The people I do business with find out I do business with the people I don’t do business with.... I can’t do business with you.”
—John Guare (b. 1938)
“It is the business of the critic, as of the portrait painter, to synthesize a million glances at his subject that will tell the onlooker at one glance the truth about him, as ultimate as he can get it.”
—Rebecca West (1892–1983)