Gen Re

AM Best Affirms Credit Ratings of General Reinsurance Corporation and Its Subsidiaries

Retrieved on: 
Thursday, May 2, 2024
Banking, Professional Services, Insurance, Finance, Investment, Geography, Risk, Credit, AM Best, Superior, Life, Gen, Risk management, Gen Re, Berkshire Hathaway, FSR

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally.
  • (Please see below for a detailed listing of these companies and Credit Ratings [ratings].)
  • In addition, AM Best has affirmed the Long-Term ICR of “aa+” (Superior) of General Re Corporation (Delaware).
  • The FSR of A++ (Superior) and the Long-Term ICRs of “aa+” (Superior) have been affirmed for General Reinsurance Corporation and its following core P/C and life (re)insurance subsidiaries:
    General Reinsurance Life Australia Ltd.

Bermuda Risk Summit Continues to Attract Strong Showing of Overseas Delegates

Retrieved on: 
Monday, March 18, 2024
Banking, Accounting, Professional Services, Business, Thought Leadership, Fintech, Asset Management, Other Professional Services, Legal, Insurance, Finance, Consulting, Bermuda College, Synthetic media, AXA, NAIC, KPMG, INED, Amazon, Partnership, Risk, FIO, Eastern Kentucky University, Gold, Transport, Capital, BMA, KBRA, Food, EY, Faculty, BDA, Arch Capital Group, Gen Re, Student, Investment, Kirkland & Ellis, Florida State University, SS&C Technologies, International business, National Association, Recreation, Treasury, Economic development

The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.

Key Points: 
  • The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.
  • The immediate economic impact of the 2024 Bermuda Risk Summit, held at the Hamilton Princess & Beach Club, March 13-15, including lodging, transportation, food and beverage, retail and recreation was estimated at $3.4 million, supporting 432 jobs.
  • Far more significant were the long-term economic benefits brought about by the additional visitors who flew to Bermuda for business meetings during the week of the summit.
  • Fiona Luck, Lloyd’s Council Member, Convex Group INED said, “I congratulate the BDA on another successful Bermuda Risk Summit, further cementing Bermuda’s position as a globally significant insurance and reinsurance centre.

Record Number of US Insurance Regulators Speaking at 2024 Bermuda Risk Summit

Retrieved on: 
Monday, March 11, 2024
Professional Services, Business, Thought Leadership, Other Professional Services, Insurance, Finance, Friends, KPMG, Transport, Investment, Treasury, Representative, AXA, Commissioner, Amazon, Partnership, FIO, Florida House, Gen Re, SS&C Technologies, National Association, Economic development, Risk management, Food, Arch Capital Group, App Store (iOS/iPadOS), Kirkland & Ellis, International business, NAIC, Gold, Capital, KBRA, EY, BDA, Google Play, Recreation, Financial services

The Bermuda Business Development Agency (BDA) looks forward to welcoming the heads of the National Association of Insurance Commissioners (NAIC) and US Department of Treasury, Federal Insurance Office (FIO) to the third annual Bermuda Risk Summit this week.

Key Points: 
  • The Bermuda Business Development Agency (BDA) looks forward to welcoming the heads of the National Association of Insurance Commissioners (NAIC) and US Department of Treasury, Federal Insurance Office (FIO) to the third annual Bermuda Risk Summit this week.
  • The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, will take place at the Hamilton Princess & Beach Club from March 13-15.
  • David Hart, CEO, BDA said, “We are extremely grateful for the level of support we have received from our industry partners and overseas friends.
  • An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

Simplicity Group Enhances Life Insurance Underwriting Service as Gene Zimmerlink Joins Byron Rasmussen

Retrieved on: 
Thursday, April 4, 2024
Risk, Knowledge, Gene, MetLife, University, Insurance, Gen Re, MassMutual, Simplicity, Series 6, Allianz Life

SUMMIT, N.J., April 4, 2024 /PRNewswire/ -- Simplicity Group Holdings, Inc. ("Simplicity") today announced that Byron Rasmussen will be joined by Gene Zimmerlink, as Simplicity continues to bolster its life insurance underwriting services.

Key Points: 
  • SUMMIT, N.J., April 4, 2024 /PRNewswire/ -- Simplicity Group Holdings, Inc. ("Simplicity") today announced that Byron Rasmussen will be joined by Gene Zimmerlink, as Simplicity continues to bolster its life insurance underwriting services.
  • We are thrilled to bring together two acknowledged leaders – Byron and Gene – to build out a best-in-class department," said Bruce Donaldson, President and CEO, Simplicity Group.
  • Prior to his role leading Simplicity's Underwriting Desk, Mr. Rasmussen was Vice President of Underwriting for Allegis Advisor Group, which joined Simplicity in 2022.
  • Prior to joining Simplicity, Mr. Zimmerlink was Head of New Business and Underwriting for Allianz Life.

Gen Re and CME Strive To Fully Digitize Life Insurance Onboarding

Retrieved on: 
Thursday, March 14, 2024
Health, Conference, Algorithm, Growth, Communication, Vital signs, AI, Insurance, Gen Re, CME, MENA, Fortune 500, Fintech, PPG, Gen

DUBAI, UAE, March 14, 2024 /PRNewswire/ -- Global reinsurance leader Gen Re and multinational technology firm CME have been working together to bring forth a state-of-the-art, fully digital underwriting solution for the life insurance industry for the MENA and East Mediterranean countries.

Key Points: 
  • DUBAI, UAE, March 14, 2024 /PRNewswire/ -- Global reinsurance leader Gen Re and multinational technology firm CME have been working together to bring forth a state-of-the-art, fully digital underwriting solution for the life insurance industry for the MENA and East Mediterranean countries.
  • By adopting such an inclusive, tech-forward approach, insurers can ensure precise risk profiling and, subsequently, tailor policy premiums more effectively.
  • As possibilities expand, a new era of growth and accessibility takes shape, making life insurance more widely accessible and beneficial in an unprecedented manner.
  • The efforts of Gen Re and CME mark a sizable step forward in the modernization of the insurance industry, as the new user-focused innovative solution is set to completely redefine the user experience of interacting with life insurance products.

Gen Re and CME Strive To Fully Digitize Life Insurance Onboarding

Retrieved on: 
Thursday, March 14, 2024
Health, Conference, Algorithm, Growth, Communication, Vital signs, AI, Insurance, Gen Re, CME, MENA, Fortune 500, Fintech, PPG, Gen

DUBAI, UAE, March 14, 2024 /PRNewswire/ -- Global reinsurance leader Gen Re and multinational technology firm CME have been working together to bring forth a state-of-the-art, fully digital underwriting solution for the life insurance industry for the MENA and East Mediterranean countries.

Key Points: 
  • DUBAI, UAE, March 14, 2024 /PRNewswire/ -- Global reinsurance leader Gen Re and multinational technology firm CME have been working together to bring forth a state-of-the-art, fully digital underwriting solution for the life insurance industry for the MENA and East Mediterranean countries.
  • By adopting such an inclusive, tech-forward approach, insurers can ensure precise risk profiling and, subsequently, tailor policy premiums more effectively.
  • As possibilities expand, a new era of growth and accessibility takes shape, making life insurance more widely accessible and beneficial in an unprecedented manner.
  • The efforts of Gen Re and CME mark a sizable step forward in the modernization of the insurance industry, as the new user-focused innovative solution is set to completely redefine the user experience of interacting with life insurance products.

AI Keynote Kicks Off Innovation Conversations at Bermuda Risk Summit

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Security, Thought Leadership, Technology, Insurance, Finance, Artificial Intelligence, Investment, Federal Reserve Bank, Kirkland & Ellis, Artificial intelligence, AI, SS&C Technologies, AIG, EY, App Store (iOS/iPadOS), Partnership, Transport, Digital, KPMG, Food, Economic development, Google Play, GPT, Gold, Recreation, Fintech, BDA, International business, Role, KBRA, National Council, Gen Re

Insurance industry thought leader Frank Schmid, will kick off a series of panels on cyber risk, InsurTech and AI on day three of the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY.

Key Points: 
  • Insurance industry thought leader Frank Schmid, will kick off a series of panels on cyber risk, InsurTech and AI on day three of the 2024 Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY.
  • Previously, Frank was affiliated with AIG, the National Council of Compensation Insurance, and the Federal Reserve Bank of St. Louis.
  • This makes the insurer's organisational adaptability critical to business success.”
    Dr. Schmid will be introduced by Sophia Yen, Principal, Insurance Strategy & Innovation Leader, EY.
  • An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

Gen to Release Fiscal 2024 Second Quarter Results and Host 1st Anniversary Investor Update on November 7, 2023

Retrieved on: 
Thursday, October 5, 2023
Cyber Safety Review Board, Gen Re, Webcast, Gen, Tobacco, Broadcasting

TEMPE, Ariz. and PRAGUE, Oct. 5, 2023 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN) today announced its fiscal 2024 second quarter financial results will be released Tuesday, November 7, 2023, before market open, followed by Gen's 1st Anniversary Investor Update event in New York City.

Key Points: 
  • TEMPE, Ariz. and PRAGUE, Oct. 5, 2023 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN) today announced its fiscal 2024 second quarter financial results will be released Tuesday, November 7, 2023, before market open, followed by Gen's 1st Anniversary Investor Update event in New York City.
  • As the company celebrates one year since becoming Gen and its family of consumer Cyber Safety brands, Gen leadership will offer a detailed look into the business and review of the company's market opportunity and priorities ahead, followed by live Q&A.
  • For webcast and replay information, please visit Investor.GenDigital.com

SiriusPoint Appoints Thomas Leonardo As Global Head of Accident & Health

Retrieved on: 
Wednesday, July 12, 2023
Assistant, Gen Re, Three Mile Island accident health effects, NYSE, Accident, QBE, Management

HAMILTON, Bermuda, July 12, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has appointed Thomas Leonardo as Global Head of Accident & Health (A&H), effective immediately.

Key Points: 
  • HAMILTON, Bermuda, July 12, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has appointed Thomas Leonardo as Global Head of Accident & Health (A&H), effective immediately.
  • Previously Senior Vice President and US Head of A&H, Mr Leonardo has served on SiriusPoint’s Executive Leadership Team since July 2022.
  • His appointment to a global role follows the departure from the business of Stuart Liddell, Global President, A&H, who spent over twenty years with the business.
  • Mr Leonardo began his insurance career in 1994 with Paul Revere Insurance Company, before moving to General Re as Assistant Vice President in 1996.

Berkshire Hathaway Inc. News Release

Retrieved on: 
Monday, May 15, 2023
Other Manufacturing, Consumer Electronics, Technology, Other Retail, Wine & Spirits, Manufacturing, Food, Beverage, Fashion, Retail, Insurance, Utilities, Finance, Oil, Gas, Rail, Banking, Energy, Transport, Professional Services, Software, Hardware, Berkshire Hathaway, Gen Re, Gen, Berkshire, NEAM, Tobacco

(BRK.A; BRK.B) – Berkshire Hathaway will be filing its Form 13F report as of March 31, 2023, with the SEC later this afternoon.

Key Points: 
  • (BRK.A; BRK.B) – Berkshire Hathaway will be filing its Form 13F report as of March 31, 2023, with the SEC later this afternoon.
  • Since Berkshire Hathaway Inc. (“Berkshire”) acquired General Re Corp. (“Gen Re”) (Form 13F File #028-04922) in December 1998, reportable 13F securities owned by Gen Re or its subsidiaries have been reported by New England Asset Management Inc. (“NEAM”) (Form 13F File #028-05194), a wholly owned subsidiary of Gen Re.
  • Beginning with the Form 13F to be filed later today, the holdings of Gen Re will be included in Berkshire’s 13F filing.
  • Accordingly, the Berkshire 13F filing will include the following holdings owned by Gen Re that were formerly reported by NEAM.