General Re

    reinsurance company

    695 E. Main St., Stamford, CT 06904-2351
    http://www.genre.com

    2009 Premiums Written: $5.72 billion
    2009 Net Income:
    $1.04 billion

    Key Officers: Franklin (Tad) Montross IV, Chairman, President, and Chief Executive Officer; William G. Gasdaska Jr., Senior Vice President, Chief Financial Officer, and Director; Damon N. Vocke, Senior Vice President, Secretary, General Counsel.

    General Re is a wholly owned subsidiary of Berkshire Hathaway and one of the biggest reinsurers in the world. General Re itself has nearly a dozen subsidiaries offering investment and risk management services to reinsurers and accident and disability case management.

    Gen Re receives outstanding financial strength ratings from independent rating companies A.M. Best, Moody’s and Standard and Poor, reaffirmed late 2009 and into 2010.

    About Berkshire Hathaway:

    In 1962, Berskshire Hathaway’s well-known CEO Warren Buffett began buying stock in the company, then a textiles manufacturer founded in 1839. However, he soon bought enough shares to change the management and take control of the company.

    Buffet first expanded into the insurance industry with the purchase of National Indemnity Company, then with the acquisition of an equity state in the Government Employees Insurance Company (GEICO), which forms the core of its insurance operations today.

    Sources: genre.com, businesswire.com, berkshirehathaway.com


    Compiled by Life Quotes, Inc. staff

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