General Re Corporation
Gen Re's history began in 1921 when two Norwegian companies, Norwegian Globe and Norwegian Assurance, merged and took the name General Casualty and Surety Reinsurance Corporation. Starting with $800,000 in capital and $900,000 in surplus, General Casualty and Surety set out to write casualty reinsurance. In 1923, American investors acquired the company and changed the name to General Reinsurance Corporation. In 1929 General Reinsurance affirmed that it would be only a direct reinsurer and also would write no less than 100% of a treaty. In 1945, General Reinsurance Corporation merged with Mellon Indemnity, bringing new capital to the company so that, in the face of foreign competition, it could become a stronger reinsurance force.
Contact Details
Executives
Chairman, President, and CEO
Franklin (Tad) Montross IV
SVP, CFO, and Director
William G. Gasdaska Jr.