Gen Re® (General Insurance Company)

Gen Re is a subsidiary of Berkshire Hathaway Inc. In America, Berkshire Hathaway Inc. is one of the best and top rated Group of Companies. On the basis of financial analysis, Berkshire Hathaway Inc is on the 5th number having highest share value in stock market. Head Office of the company is in Omaha, Nebraska, United States. The owner of the company, Mr. Warren Buffet, has expanded his businesses in variance sectors like; oil & lubricant, I.T sector, restaurants and man mores. Berkshire’s insurance business deals in providing insurance of property and building in the United States. Further, as a result of the General Re acquisition in December 1998, Berkshire’s insurance businesses also provide health, life and accident insurance as well. The main strength of Berkshire’s insurance from its competitors is that it capital strength is maintained at high level. All the insurance companies of this group are rated AAA by Standard & Poor’s Corporation.

TYPE OF INSURANCES:

Gen Re provides the following types of insurances to

to its customers.

       1)   LIFE & HEALTH INSURANCE:

Under this category, company provides further two types of insurances basis on geographical distribution.

•  Life/Health North America
• Life/Health International

Gen Re offer life and health reinsurance protection in the following lines of business:

• Critical Illness
• Disability
• Life
• Medicare Supplement

For availing any type of insurance, you have to read and signed underwriting of the company. And for international life/health insurance, company provides inline manual underwriting facility to its international customers

     2)    PROPERTY AND CASUALTY INSURANCE:

In this category, company provides following line of products:

AUTO/MOTOR INSURANCE

COVERAGE’S:

• Auto/Motor Liability

• Auto Physical Damage/Motor Own Damage  (MOD)
• Accident
• Transportation Liability

SOLUTIONS:

• Auto/Motor Liability Per Occurrence Facultative
• Auto/Motor Liability Per Occurrence Excess of Loss Treaty
• Per Risk Excess of Loss Treaty
• Quota Share Treaty
• Auto/Motor Liability Per Occurrence Excess of Loss Bundled Facultative
• Combined Retention “Basket Covers”
• Additional Casualty Per Occurrence Limits “CLASH” Covers
• Exposure Carve Outs

CASUALTY INSURANCE

COVERAGE’S:

• Commercial Umbrella
• Cyber Risk
• Directors & Officers Liability
• Employment Practices Liability
• Errors and Omissions/Professional Indemnity
• General Liability/Public and Products Liability
• Homeowners/Householders Liability
• Liquor Liability
• Medical Professional Liability
•  Personal Accident
• Personal Injury Liability
• Personal Umbrella
• Pollution/Environmental Impairment Liability
• Products Liability
• Products Recall
• Railroad Protective/Owners & Contractors Protective Liability
• Workers' Compensation/Employers' Liability
• Specific, Unique and Unusual Coverage

SOLUTIONS:

• Casualty Per Occurrence Facultative
• Casualty Per Occurrence Excess of Loss Treaty
• Casualty Per Risk Excess of Loss Treaty
• Quota Share Treaty
• Casualty Per Policy Excess of Loss Bundled Facultative
• Combined Retention “Basket Covers”
• Umbrella – Commercial, Personal, Farm
• Additional Casualty Per Occurrence Limits “CLASH” Covers
• Exposure Carve Outs.

                         PROPERTY, ENGINEERING & MARINE INSURANCE

COVERAGE’S: 

• Boiler and Machinery/Machinery Breakdown and Machinery Breakdown Business Interruption (MB/MBBI)

• Builder's Risk/Construction All Risk/Erection All Risk (CAR/EAR)

• Business Interruption/Loss of Profit/Time Element
• Commercial Property (Mining ,petrochemical,power generation)
• Cyber Risk
• Farm Owners/Ranch Owners
• Homeowners/Householders
• Individual Perils - Flood, Wind, Hail, Earthquake
• Inland Marine
• Ocean Marine (hull ,cargo , marine liabilities)

 SOLUTIONS:

• Excess of Loss Facultative
• Bundled Facultative Solutions
• Per Risk Excess of Loss Treaty
• Quota Share Treaty
• Surplus Share Treaty
• Property Catastrophe Occurrence Treaty
• Property Catastrophe Aggregate Treaty
• Terrorism Treaty
• Deductible Buybacks

SURETY/BONDS:

COVERAGE’S:

• Contract Surety/Construction Bonds
• Commercial Surety/Bond (courtbond ,federal & public official,license & permit)
• Fidelity (Mercantile Establishments ,Government Entities,Forgery,Multi-line support,Individual or Schedule Bonds)

SOLUTIONS:

• Bonding Per Quota Share
• Bonding Per Excess of Loss
• Crime Insurance Facultative

For further information:  please visit www.genre.com