Gen Re Expands Global Presence

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Gen Re has been expanding its global presence in recent years, and one of the key drivers of this growth is its strategic acquisitions. In 2019, Gen Re acquired the reinsurance operations of OdysseyRe, a move that significantly bolstered its presence in the US and international markets.

Gen Re has been expanding its global presence in recent years. This expansion has been driven by the company's commitment to providing innovative risk solutions to clients around the world.

Gen Re has a long history of innovation, dating back to its founding in 1848. The company has been at the forefront of reinsurance for over 170 years, and its expertise has earned it a reputation as a trusted partner for clients in the insurance industry.

Gen Re's global presence is now more extensive than ever, with operations in over 30 countries worldwide.

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Gen Re Appointments

Andrew D’Arcy was appointed as the head of Gen Re International Property & Casualty in April 2019.

Credit: youtube.com, Warren Buffett on Why They Bought Gen Re | 1999 Berkshire Hathaway Annual Meeting

D’Arcy took on this new role after previously serving as CEO of Gen Re, but relinquished that position as part of his new appointment.

Gen Re Corp. announced D’Arcy’s appointment, highlighting his new responsibilities in leading the company’s international property and casualty business.

This appointment shows that Gen Re is committed to finding the right leaders to drive their business forward, with D’Arcy bringing his expertise to the role.

As head of Gen Re International Property & Casualty, D’Arcy will focus on overseeing the company’s international property and casualty operations, a key area of growth for the company.

Gen Re’s ability to attract and appoint top talent like D’Arcy is a testament to the company’s reputation and influence in the industry.

Gen Re Partnerships

Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, has been collaborating with other companies to innovate and improve their services.

In 2016, Gen Re partnered with Transatlantic Reinsurance Company (TransRe) to underwrite North American property and casualty (P&C) business, but they decided not to renew this 5-year agreement.

Credit: youtube.com, About Gen Re

Gen Re has also partnered with CME to develop a fully digital underwriting solution for the life insurance industry in the Middle East and North Africa (MENA) and East Mediterranean countries. This tool conducts a thorough analysis of an applicant's data.

Gen Re's partnership with CME has the potential to revolutionize the life insurance industry in the regions they serve.

Gen Re Expansion

Gen Re has been expanding its presence in the Indian market since 2017, when it won a license to open an office in Mumbai. The company plans to take a larger slice of the world's fastest-growing reinsurance market.

Gen Re received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai, also known as R3 authorization. This branch structure will allow Gen Re to deliver its reinsurance services in the Indian market.

Gen Re has also been expanding its team, with the appointment of Himanshu Shah as Senior Vice President (SVP) for its Regional & Specialty Unit. Shah joins from Munich Re US, where he served as SVP, Senior Client Manager, based in Chicago.

Hire Regional & Specialty Units from Munich

Credit: youtube.com, Anne Marie Gaulin, New Executive VP European Expansion

Gen Re has made a significant hire from Munich Re, bringing in Himanshu Shah as Senior Vice President for its Regional & Specialty Unit.

Shah joins from Munich Re US, where he most recently served as SVP, Senior Client Manager, based in Chicago.

He previously worked at Gen Re from 1990 to an unspecified year.

Expand your knowledge: Munich Reinsurance Company

Berkshire Hathaway Expands in India

Gen Re, a unit of Warren Buffett's Berkshire Hathaway Inc., won a license to open an Indian office in May 2017. This marked the beginning of Gen Re's expansion in the Indian market.

The unit plans to seek a larger slice of the world's fastest-growing reinsurance market. This move is a strategic one, as India is indeed experiencing rapid growth in the reinsurance sector.

Gen Re received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai, known as R3 authorization, in May 2017. This approval paved the way for Gen Re to establish a presence in the Indian market.

Gen Re will provide life and non-life reinsurance solutions to clients in the region, leveraging its global expertise and local knowledge.

Gen Re Financials

Credit: youtube.com, Warren Buffett & Charlie Munger on Cologne Re (General Reinsurance AG) | 2005 Annual Meeting

Gen Re has set up a Middle East office in Dubai, specifically in the Dubai International Financial Centre (DIFC).

This office is a part of the General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc.

Gen Re will provide life and...

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Berkshire Hathaway Reports Strong Q2 2022 P&C Result

Berkshire Hathaway reports strong Q2 2022 P&C reinsurance result, with the unit driving an improvement in underwriting result across its insurance enterprise.

The company delivered a $581 million insurance and reinsurance underwriting result in the second-quarter of 2022. This is a significant achievement, especially considering the challenges posed by major catastrophe losses.

Berkshire Hathaway's P&C reinsurance business returned to profit in 2021, with a 95.1% combined ratio. This turnaround is a testament to the company's ability to adapt and recover from tough periods.

Gen Re, a unit of Berkshire Hathaway, plans to expand in the Indian market, seeking a larger slice of the world's fastest-growing reinsurance market. This move is expected to boost the company's growth and profitability.

Ajit Jain, one of Warren Buffett's top managers, has emphasized the need for Gen Re to get leaner and lower costs. This message is likely to shape the company's strategy and operations going forward.

What Is Annual

Credit: youtube.com, Warren Buffett on the Derivatives of Gen Re and Berkshire's Annual Reports | 1999 Annual Meeting

Annual revenue is a key metric for any company, and Gen Re's annual revenue is a great example of this. The Gen Re annual revenue was $9.5 billion in 2025.

Understanding annual revenue is important for investors and analysts who want to gauge a company's financial performance.

Gen Re's annual revenue of $9.5 billion in 2025 gives us a clear picture of the company's financial standing.

How Many Employees Are

Gen Re Financials offer a glimpse into the company's size and scope. 1,456 people are employed at Gen Re. This number gives an idea of the company's workforce.

Gen Re Leadership

Gen Re Leadership has a strong track record of promoting from within, with Craig Beardsley being appointed Treaty North America Manager for its Mutual Practice team after working at Gen Re for an unspecified period.

Craig Beardsley is not the only one who has been promoted, Erin Kang has been named Chief Underwriter for the Mutual Practice team, alongside her ongoing role managing Regional & Specialty Underwriting.

Credit: youtube.com, Gen Re Anniversary: The Gen Re Story

Himanshu Shah joined Gen Re from Munich Re US, where he most recently served as SVP, Senior Client Manager, based in Chicago, and was appointed as Senior Vice President (SVP) for its Regional & Specialty Unit.

Gen Re has also been led by several CEOs over the years, including Kara Raiguel, who was described as a "secret weapon" by her boss, and Cindy Sng, who has spent over nine years at the company and now serves as the Chief Executive Officer of Gen Re Singapore.

Cindy Blanchard and Jason Cooper-Williams have taken over as the new joint Managing Directors of General Reinsurance Africa Ltd, part of the Berkshire Hathaway family of companies, where they will lead the firm's life & health business in Southern Africa.

Promotes Beardsley and Kang

Gen Re has made some key appointments to strengthen its Mutual Practice team. Craig Beardsley has been appointed Treaty North America Manager for the team.

Beardsley has been working at Gen Re for some time, but the exact duration is not specified in the article. Erin Kang has been named Chief Underwriter for the Mutual Practice team, in addition to her ongoing role managing Regional & Specialty Underwriting.

Chandrasena Named President & CEO

Serious African American female manager in formal outfit reading contract details to concentrated middle aged male executive in office
Credit: pexels.com, Serious African American female manager in formal outfit reading contract details to concentrated middle aged male executive in office

Harindra Chandrasena has been named as the new President and CEO of Gen Re Life Corporation, the US life and health division of the multinational reinsurance company.

He was previously a Vice President at Gen Re, a role he took on in 2021 when he was tasked with building out the US Life & Health division.

Gen Re Life Corporation has announced Chandrasena's appointment, marking a significant move in the company's leadership structure.

Chandrasena's experience and expertise will undoubtedly bring valuable insights to the role, and we look forward to seeing the impact he will make.

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CEO Replacement Announced

Gen Re has had several changes in leadership over the years.

Kara Raiguel was named General Reinsurance Group CEO in 2016, replacing Montross.

Cindy Sng took over as the new Chief Executive Officer of Gen Re Singapore, a position she has held for over nine years.

Cindy Blanchard and Jason Cooper-Williams assumed the role of joint Managing Directors of General Reinsurance Africa Ltd in 2022.

President and CEO

Credit: youtube.com, Genworth President and CEO Thomas McInerney on the importance of diverse leadership at all Levels.

Gen Re has had a few different leaders in the President and CEO role. Harindra Chandrasena was named President and CEO of Gen Re Life Corporation in a recent announcement. He joined Gen Re in 2021 as a Vice President.

Kara Raiguel is also a notable leader at Gen Re. She was described as a "secret weapon" and "zero maintenance" by her boss, and was named General Re CEO in 2016. She currently serves as the President and Chief Executive Officer of Gen Re.

Gen Re Products and Services

Gen Re offers a wide range of reinsurance products to help insurers manage their risk and increase their capital efficiency.

Their product portfolio includes treaty reinsurance, facultative reinsurance, and captive insurance solutions.

Gen Re's treaty reinsurance covers a broad spectrum of risks, including property, casualty, and life insurance.

Facultative reinsurance, on the other hand, provides customized coverage for specific risks or policies.

Credit: youtube.com, Introduction to Gen Re Life & Health

Gen Re's captive insurance solutions help companies manage their risk and improve their financial performance.

Their reinsurance products are designed to be flexible and adaptable to meet the changing needs of the insurance industry.

Gen Re's experienced underwriters and risk managers work closely with clients to develop tailored reinsurance solutions.

Their global presence and expertise enable them to provide reinsurance solutions in over 180 countries worldwide.

Gen Re's reinsurance products are backed by their strong financial ratings and a long history of stability and security.

Gen Re Events and Charity

Gen Re has been hosting a successful fundraising event in San Antonio for the Wounded Warriors organization for the past 10 years.

The event, which started in 2007, is held at the Gen Re office in Dallas, and has been a major source of support for soldiers who have been seriously wounded while serving in Iraq.

For the past decade, Gen Re has been actively involved in helping those in need, and this event is a testament to their commitment to giving back to the community.

Credit: youtube.com, The Re-Covered Charity event

Gen Re's fundraising event in San Antonio has been a huge success, and it's clear that their efforts have made a significant impact on the lives of those they've helped.

Soldiers who have been seriously wounded while serving in Iraq have been the primary beneficiaries of Gen Re's generosity, and it's heartening to see a company like Gen Re making a difference in their lives.

Gen Re Governance

Gen Re Governance is built on a foundation of independence and objectivity. This is reflected in their commitment to maintaining a strong and independent board of directors.

Gen Re's board of directors is comprised of 11 members, each with a deep understanding of the insurance industry and a strong track record of leadership.

Frequently Asked Questions

What does gen re stand for?

Gen Re is an abbreviation for General Reinsurance Corporation, a subsidiary of Berkshire Hathaway Inc. that specializes in international reinsurance business.

Is Gen Re owned by Berkshire Hathaway?

Gen Re is owned by General Re, a subsidiary of Berkshire Hathaway Inc. Berkshire Hathaway is the ultimate parent company of Gen Re through its subsidiary General Re.

Is Gen Re a good company to work for?

According to employee reviews, 77% of Gen Re employees would recommend working there, indicating a positive work environment. Learn more about the company culture and job satisfaction from 134 anonymous reviews on Glassdoor.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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