General Re group streamlines global corporate identity

Following a string of global office restructurings among reinsurers, the Berkshire Hathaway owned General Re Corporation and Cologne Re have been amalgamated in name as one operation as GeneralCologne Re. “The essence of our direct reinsurance business model is our service to our clients and our excellence in underwriting…In order to do all of this effectively, we need to operate seamlessly as one organization,” comments Ronald Ferguson, CEO of General Re.

The amalgamation of the two operations is expected to allow for “faster” and “smarter” reaction to specific market circumstances. The company’s property and casualty business will be operated on a regional basis and then onto a local business unit basis. The company’s life and health reinsurance operations will not be affected by the restructuring.