Founded in 1921, General Reinsurance Corporation (Gen Re) is one of the world's largest direct reinsurers. The company offers reinsurance products and services for Property/Casualty and Life/Health insurance companies globally. Gen Re operates as a direct reinsurer, meaning it works directly with its clients rather than through brokers. The company prides itself on its deep expertise, financial strength, and long-term client relationships. It was acquired by Berkshire Hathaway Inc. in 1998, further solidifying its financial stability and market position.