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General Re Group Dec 11
Standard & Poors, Dec 2011
Abstract
Very strong explicit support provided by Berkshire Hathaway Inc. and its insurance affiliates. Very strong, well-diversified global market position. Extremely strong capital adequacy. Strong operating performance. Above-average investment risk profile. Potential volatility of earnings associated with property catastrophe exposures. The insurer financial strength ratings on the operating companies that comprise the General Re Group (General Re) are based on General Re's core status to Berkshire Hathaway Inc. (BRK). General Re benefits from explicit support provided through a loss portfolio contract and quota share agreement from National Indemnity Co. (NICO) and Columbia Insurance Co. (Columbia), which are insurance company affiliates of BRK. As of Jan. 1, 2005, General Re began ceding to NICO 40% and Columbia 10% of its North American...
Companies mentioned in this report are: General Reinsurance Corp.,National Reinsurance Corp.,General Re Life Corp. ,General Star Indemnity Co.,General Star National Insurance Co.,Genesis Indemnity Insurance Co.,Genesis Insurance Co.,Fairfield Insurance Co.,General Reinsurance AG,General Reinsurance Australia Ltd.,Faraday Reinsurance Co. Ltd.,General Reinsurance Life Australia Ltd.,General Reinsurance Africa Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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