BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: G

General Re/Cologne Re Group
695 E. Main St., Financial Centre, Stamford, Conn. 06901-6423; 203-328-5000; fax: 203-328-6423
www.genre.com
1997 1996
Prem. written $6,545,000,000 $6,661,000,000
Prem. earned $6,607,000,000 $6,678,000,000
Capital/surplus $8,161,000,000 $7,326,000,000
Net income $968,000,000 $894,000,000
Losses $4,671,000,000 $4,773,000,000
Loss ratio* 70.7% 71.5%
Expenses $1,955,000,000 $1,928,000,000
Expense ratio* 29.6% 28.9%
Combined ratio* 100.3% 100.4%
Domestic 55% 53%
Foreign 45% 47%
Life 19% 16%
Non-life 81% 84%
* *Ratios relate to property/casualty business only.
Founded: 1921.
Parent: General Re Corp.
Subsidiaries: Cologne Reinsurance Co.; General Star Indemnity Co.; General Star National; Genesis Indemnity Insurance; Genesis Insurance; National Re Corp.
Employees: 3,593.
Locations: 23 domestic, 38 foreign.
Officers: Ronald E. Ferguson, chairman/CEO; James E. Gustafson, president/COO; Joseph P. Brandon, senior vp/CFO; Tom N. Kellogg, Peter Lutke-Bornefeld, executive vps; Franklin Montross IV, Hans-Peter Gerhardt, senior vps.
Assicurazioni Generali S.p.A.
Piazza Duca degli Abruzzi 2, Trieste 34132, Italy; 39-040/67; fax: 39-040/67
www.generali.com
1997 1996
Prem. written $6,424,723,000 $5,950,398,000
Prem. earned $6,471,848,000 $6,022,964,000
Capital/surplus* $11,239,814,000 $10,563,606,000
Net income $1,030,826,000 $1,437,683,000
Losses $3,926,315,000 $3,758,890,000
Loss ratio 60.7% 62.4%
Expenses $1,506,937,000 $1,479,884,000
Expense ratio 23.3% 24.6%
Combined ratio 84% 87%
Treaty 96.6% 94%
Facultative 3.4% 6%
Domestic 19.02% 19.73%
Foreign 80.98% 80.27%
Life 56.7% 53.4%
Non-life 43.3% 46.6%
* Includes profit for the year.
Founded: 1831.
Subsidiaries: E.A.-Generali, Generali Ruck.
Locations: One domestic, six foreign.
Specialties: Space risks, bloodstock, fish farming.
Officers: Gianfranco Gutty, vice chairman/managing director/CEO; Fabio Cerchiai, managing director; Giovanni Perissinotto, Benito Rocco, general managers.
Contact: Riccardo Nicolini, CEO.
Gerling Global Reinsurance Group
Gereonshof, D-50670 Cologne, Germany; 49-221-144-1;
fax: 49-221-144-66932
www.gerling-konzern.de
1997* 1996*
Prem. written $2,648,801,875 $2,583,796,513
Prem. earned $2,598,235,625 $2,529,237,107
Capital/surplus $804,391,250 $764,143,815
Net income $28,310,625 $132,192,601
Losses $1,813,313,125 $1,789,106,206
Loss ratio 69.8% 70.7%
Expenses $772,201,250 $753,266,357
Expense ratio 29.7% 29.8%
Combined ratio 99.5% 100.5%
Domestic 52.6% 54.8%
Foreign 47.4% 45.2%
Life 24.2% 23.3%
Non-life 75.8% 76.7%
* Fiscal years ending 6/30/97 and 6/30/96.
Founded: 1954.
Parent: Gerling-Konzern Versicherungs-Beteiligungs-A.G.
Subsidiaries: Aterforsakringsaktiebolaget Sverige, Stockholm; Gerling Global General & Reinsurance Co. Ltd., London; Gerling Global International Reinsurance Co. Ltd., Bridgetown; Gerling Global Life Insurance Co., Toronto; Gerling Global Life Reassurance Co. Ltd., London; Gerling Global Life Reinsurance Co., Los Angeles; Gerling Global Life Reinsurance Co. of Australia Pty. Ltd.; Gerling Global Reinsurance Co., Toronto; Gerling Global Reinsurance Corp. of America, New York; Gerling Global Reinsurance Co. of Australia Pty. Ltd., Sydney; Gerling Global Reinsurance Co. of South Africa Ltd., Johannesburg; Gerling Globale Ruckversicherungs-Gruppe A.G., Zug, Switzerland; Gerling-Konzern Globale Ruckversicherungs-A.G., Cologne; Gerling-Konzern Welt Standard Ruckversicherungs-Gruppe A.G., Cologne.
Employees: 605.
Locations: One domestic, 25 foreign.
Officers: Norbert Strohschen, chairman-executive board; Klaus Bultmann, Uwe Eymer, Gerhard Niebuhr, members-executive board.
Contact: Charles D. Troiano, president-Gerling Global Reinsurance Corp. of America, 212-754-7500.
H
HDI Reinsurance (Ireland) Ltd.
2 Custom House Plaza, Dublin 2, Ireland; 353-1-612-5715; fax: 353-1-829-1400
1997 1996
Prem. written $163,916,400 $171,176,320
Prem. earned $163,412,700 $173,090,190
Capital/surplus $116,500,750 $105,248,885
Net income $15,146,075 $24,405,500
Losses $129,188,700 $136,522,505
Loss ratio 79% 78.9%
Expenses $43,739,675 $32,840,360
Expense ratio 26.8% 18.9%
Combined ratio 105.8% 97.8%
Treaty 100% 100%
Foreign 100% 100%
Life 3% NA
Non-life 97% 100%
Founded: 1992.
Parent: Haftpflichtverband der Deutschen Industrie V.a.G.
Employees: Eight.
Locations: One domestic.
Specialties: Financial reinsurance, balance sheet protection covers.
Officers: Reinhard Elers, managing director.
Information for HDI Reinsurance (Ireland) Ltd. is included in the consolidated Hannover Re Group listing.
Hannover Re
Karl-Wiechert-Allee 50, Hannover 30625, Germany; 49-511-5604-0; fax: 49-511-5604-188
www.hannover-re.com
1997 1996
Prem. written $2,113,995,550 $1,876,481,040
Prem. earned $2,130,747,025 $1,909,406,520
Capital/surplus* $1,121,038,400 $1,151,704,190
Net income $47,977,425 $50,343,825
Losses $1,353,958,250 $1,302,187,040
Loss ratio 63.5% 68.2%
Expenses $703,189,350 $542,427,865
Expense ratio 33% 28.4%
Combined ratio 96.5% 96.6%
Treaty 95% 97%
Facultative 5% 3%
Domestic 23% 37%
Foreign 77% 63%
Life** 32% 20%
Non-life 68% 80%
* Includes share capital subscription receiveable and surplus debenture. ** Includes health business.
Founded: 1966.
Parent: Haftpflichtverband der Deutschen Industrie V.a.G. (HDI).
Subsidiaries: E&S Ruckversicherungs-A.G. (E&S Rueck), Germany; Hannover Life Re of Australasia Ltd., Australia; Hannover Reinsurance (Ireland) Ltd.; Hollandia Reinsurance Group, South Africa; Insurance Corp. of Hannover, United States; International Insurance Co. of Hannover Ltd., United Kingdom; Reassurance Co. of Hannover, United States. Figures from these subsidiaries are not included in the figures above.
Employees: 428.
Locations: One domestic, 17 foreign.
Specialties: Property super catastrophe XL layers, professional liability, surety, fidelity, avation, marine, credit, life, health, financial reinsurance, alternative risk financing/securitization.
Officers: Wilhelm Zeller, chairman; Andreas-Peter Hecker, deputy chairman; Wolf Becke; Herbert K. Hass; Udo Schubach; Jurgen Graber, deputy member; Rudiger Mehl, underwriting officer-life/health; Hans Rohlf, underwriting officer-U.S.
Contact: Denis M. Burk, assistant vp; 847-310-3852.
Information for Hannover Re and its subsidiaries is included in the consolidated Hannover Re Group listing.
Hannover Re Group
Karl-Wiechert-Allee 50, Hannover 30625, Germany; 49-511-5604-0; fax: 49-511-5604-188
www.hannover-re.com
1997 1996
Prem. written $3,733,809,650 $3,360,462,455
Prem. earned $3,753,459,125 $3,341,895,655
Capital/surplus* $1,485,065,725 $1,490,012,965
Net income $65,478,125 $71,925,070
Losses $2,525,478,775 $2,350,705,175
Loss ratio 67.3% 70.3%
Expenses $1,152,175,225 $903,609,315
Expense ratio 30.7% 27.0%
Combined ratio 98% 97.3%
Treaty 95% 97%
Facultative 5% 3%
Domestic 31% 38%
Foreign 69% 62%
Life** 25% 17%
Non-life 75% 83%
* Includes share capital subscription receiveable and surplus debenture. ** Includes health business.
Founded: 1966.
Parent: Haftpflichtverband der Deutschen Industrie V.a.G. (HDI).
Subsidiaries: E&S Ruckversicherungs-A.G., Germany (E&S Rueck); Hannover Life Re of Australasia Ltd., Australia; Hannover Reinsurance (Ireland) Ltd.; Hollandia Reinsurance Group, South Africa; Insurance Corp. of Hannover, United States; International Insurance Co. of Hannover Ltd., United Kingdom; Reassurance Co. of Hannover, United States.
Employees: 982.
Locations: One domestic, 17 foreign.
Specialties: Property super catastrophe XL layers, professional liability, surety, fidelity, avation, marine, credit, life, health, financial reinsurance, alternative risk financing/securitization.
Officers: Wilhelm Zeller, chairman; Andreas-Peter Hecker, deputy chairman; Jurgen Graber, deputy member; Wolf Becke; Herbert K. Hass; Udo Schubach.
Contact: Denis M. Burk, assistant vp; 847-310-3852.
Hannover Reinsurance (Ireland) Ltd.
2 Custom House Plaza, IFSC, Dublin 2, Ireland; 353-1-612-5715; fax: 353-1-829-1400
1997 1996
Prem. written $173,328,000 $141,563,205
Prem. earned $165,294,100 $134,023,435
Capital/surplus $150,049,700 $176,080,695
Net income $25,399,475 $25,037,250
Losses $133,803,650 $91,276,350
Loss ratio 80.9% 68.1%
Expenses $49,123,400 $37,765,350
Expense ratio 29.7% 28.2%
Combined ratio 110.6% 96.3%
Treaty 100% 100%
Foreign 100% 100%
Life 4% 6%
Non-life 96% 94%
Founded: 1992.
Parent: Hannover Ruckversicherungs-A.G. (Hannover Re).
Employees: Eight.
Locations: One domestic.
Specialties: Financial reinsurance, balance sheet protection covers.
Officers: Reinhard Elers, managing director.
Information for Hannover Reinsurance (Ireland) Ltd. is included in the consolidated Hannover Re Group listing.
Hartford Re Co.
55 Farmington Ave., Suite 800, Hartford, Conn. 06105; 860-520-2700; fax: 860-520-2726
1997 1996
Prem. written $687,877,000 $570,616,000
Prem. earned $645,460,000 $528,895,000
Losses $473,248,000 $398,395,000
Loss ratio 73.3% 75.3%
Expenses $201,464,000 $152,828,000
Expense ratio 31.2% 28.9%
Combined ratio 104.5% 104.2%
Treaty 98% 98%
Facultative 2% 2%
Domestic 81% 75%
Foreign 19% 25%
Non-life 100% 100%
Founded: 1982.
Parent: Hartford Fire Insurance Co.
Employees: 175.
Locations: Four domestic, six foreign.
Specialties: Alternative risk, professional liability, fidelity, surety, marine, non-standard auto.
Officers: John Donahue, chairman; Dennis Zettervall, CEO; John Sullivan, president/COO-HartRe North America; Radha Radhakrishnan, president/COO-HartRe International.
Contact: Dennis Zettervall, 860-520-2723.