Reinsurance is a way of transferring or sharing risk among insurance companies.
It allows insurers to reduce their exposure to large or unpredictable losses, diversify their portfolio, and increase their capacity to underwrite more policies.
Reinsurance can also provide financial stability, regulatory compliance, and access to expertise and innovation.
One of the leading providers of reinsurance solutions in the world is General Reinsurance Corporation, Delaware, or Gen Re for short.
Gen Re is a subsidiary of Berkshire Hathaway Inc., one of the most respected and successful companies in the world.
In this article, we will explore the history, products, benefits, and customer reviews of Gen Re, as well as how to get a quote and apply for a job with them.
Who owns General Reinsurance?
General Reinsurance is owned by Berkshire Hathaway, a multinational holding company led by Warren Buffett. Berkshire Hathaway acquired General Re in 1998 for $17 billion.
Berkshire Hathaway is a diversified company with investments in a variety of industries, including insurance, energy, and transportation.
The company is known for its long-term investment horizon and its focus on quality businesses.
General Re is a key part of Berkshire Hathaway’s insurance business.
The company provides reinsurance, which is insurance for insurance companies.
Reinsurance helps insurance companies to manage their risk and to protect their financial stability.
General Re is a leading global reinsurance company with a strong financial rating and a long history of success.
The company is well-positioned to continue to grow and to play a vital role in the insurance industry.
General Reinsurance Corporation, Delaware contact
| Phone Number | Address | Customer Service contact | Policy details | Email Address | Fax Number | Operating hours |
|---|---|---|---|---|---|---|
| (302) 739-3073 | General Reinsurance Corporation, Delaware<br>120 Long Ridge Road<br>Stamford, CT 06902 | You can contact General Reinsurance Corporation, Delaware customer service by phone at (302) 739-3073, by email at [email protected], or by fax at (402) 434-4497. | General Reinsurance Corporation, Delaware offers a variety of reinsurance policies, including property reinsurance, casualty reinsurance, life reinsurance, health reinsurance, financial reinsurance, and specialty reinsurance. You can learn more about the specific policies that General Reinsurance Corporation, Delaware offers by visiting their [website] or by contacting customer service. | [email protected] | (402) 434-4497 | Monday through Friday from 8:00 AM to 5:00 PM |
What types of reinsurance does General Reinsurance Corporation, Delaware offer?
- Property reinsurance: This covers losses from physical damage to property, such as buildings, equipment, and inventory.
- Casualty reinsurance: This covers losses from liability claims, such as those for personal injury and property damage.
- Life reinsurance: This covers losses from death and disability.
- Health reinsurance: This covers losses from medical expenses.
- Financial reinsurance: This covers losses from financial events, such as credit defaults and bond losses.
- Specialty reinsurance: This covers losses from a variety of specialized risks, such as aviation, marine, and terrorism.
Gen Re also offers a variety of facultative and treaty reinsurance products.
Facultative reinsurance is placed on a case-by-case basis, while treaty reinsurance covers a portfolio of risks over a period of time.
Gen Re’s reinsurance products are designed to help insurance companies manage their risk and to protect their financial stability.
The company offers a wide range of products and services to meet the needs of insurance companies of all sizes and in all industries.
General Reinsurance Corporation, Delaware claims
- Claim process: Gen Re does not have a general claim process, but rather follows the terms and conditions of each reinsurance contract with its clients. Gen Re assigns a dedicated team of claims experts to each client, who are responsible for reviewing, evaluating, and settling the claims. Gen Re also provides claims consulting and training services to its clients, as well as access to its global network of claims specialists.
- Claim status: Gen Re does not have a online portal or a phone number for checking the claim status, but rather communicates with its clients directly through email, fax, or phone. Gen Re’s claims team keeps its clients informed of the progress and outcome of the claims, and responds to any inquiries or requests promptly and courteously.
- Required documents for claims: Gen Re does not have a standard list of required documents for claims, but rather requests the documents that are relevant and necessary for each claim, according to the reinsurance contract and the type of risk involved. Gen Re’s claims team works with its clients to obtain the documents in a timely and efficient manner, and respects the confidentiality and security of the information provided.
What are the benefits of working with General Reinsurance Corporation, Delaware?
There are many benefits to working with Gen Re, including:
- Financial strength and stability
- Global reach and experience
- Broad product offerings
- Innovative solutions
- Strong customer service
How to get a quote from General Reinsurance Corporation, Delaware?
To get a quote from General Reinsurance Corporation, Delaware (Gen Re), you can contact a Gen Re representative directly or through your insurance broker.
If you are an insurance company, you can contact a Gen Re representative directly by calling (302) 739-3073 or by emailing [email protected]
If you are an individual, you should contact your insurance broker to get a quote from Gen Re.
Insurance brokers can help you to compare quotes from different reinsurance companies and to find the best coverage for your needs.
When you contact Gen Re or your insurance broker to get a quote, you will need to provide the following information:
- The type of reinsurance you are interested in (property, casualty, life, health, financial, or specialty)
- The amount of coverage you need
- The risks you need to cover
- Your financial information
Gen Re will then review your information and provide you with a quote.
General Reinsurance Corporation, Delaware jobs
- Job openings: General Reinsurance Corporation, Delaware offers a variety of job openings in different areas, such as underwriting, actuarial, claims, finance, IT, legal, and human resources. You can browse the current openings on their careers page and apply online. Some of the recent openings are:
- Property Facultative Underwriter
- Senior Life/Health Underwriting Specialist
- Senior Property/Casualty Claims Specialist
- Actuarial Analyst
- IT Project Manager
- Internship opportunities: General Reinsurance Corporation, Delaware also offers internship opportunities for students who are interested in learning more about the reinsurance industry. The internships are usually 10 to 12 weeks long and provide hands-on experience in various departments. You can find out more about the internship program and the application process on their careers page as well.
- Employee benefits: General Reinsurance Corporation, Delaware provides a competitive and comprehensive benefits package for its employees, including:
- Health, dental, and vision insurance
- Life and disability insurance
- Retirement savings plan with company match
- Paid time off and holidays
- Tuition reimbursement and professional development
- Wellness programs and employee assistance
- Flexible work arrangements and remote work options
General Reinsurance Corporation, Delaware customer reviews
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Maya Scarlett is not afraid of the unknown.
She is passionate about the intricate world of insurance and enjoys converting complex numbers into compelling stories that empower people to navigate the unpredictable with confidence.
At InsuranceBlob.com, she translates jargon into empathy, demystifying risk and empowering individuals to navigate the often-opaque world of insurance.
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MSc in Disaster Risk Reduction and Management (University College London)
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Behavioral Economics and Insurance, Wharton School of Business (University of Pennsylvania)
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