Gen Re News
Buffett’s Gen Re to Close Several Global Locations in Reorganization Move
Gen Re, one of the giant reinsurance businesses at Warren Buffett's Berkshire Hathaway Inc., said it's exiting property-casualty operations at six smaller locations amid a global reorganization. The ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...
Leaders Review Failures, Successes and Joint Innovation Efforts
Failing to innovate is no longer an option in the property/casualty insurance industry, according to leaders who say that a tolerance for ill-timed or less-than-perfect product launches is better ...
How Progressive, Assurant and Others Innovated Their Innovation Processes
While culture is the central ingredient in the innovation recipes of most property/casualty insurers, strategy games and idea labs are among the more novel approaches P/C leaders describe when asked ...
P/C Insurers Blocking Their Own Roads to Innovation
Property/casualty insurers face a number of external obstacles on the road to delivering more innovative products and reimagining their operations, but the ones that really get in the way come from ...
Understanding the Human Element: Three Challenges
Data and models are not all that it takes to fuel innovation—or even just to make good underwriting decisions, noted Berto Sciolla. When asked how Gen Re encourages innovation, Sciolla makes ...
Berkshire Hathaway’s Gen Re Advances Two Execs; Tooker Resigns
General Re Corp., one of the reinsurance units at Warren Buffett's BerkshireHathaway Inc., named Robert M. Jones and Carole M. Ferrero to lead direct sales of property- casualty coverage. Jones will ...
Who Can You Trust? Execs Wary of Alternative Capital
Amping up the drumbeat on potential problems with alternative capital providers, reinsurance industry executives aired critical views about their enduring competitors recently with words like ...