22 mentions across the corpus · positive 7 · negative 3 · neutral 12 · historical 0
Afternoon Session - 2018 Meeting
“General Rhee has grown nicely. I know there's been some changes in the management... there's been some pickup, and I think, I think actually we'll see the property casually reinsurance business grow”
2013 Berkshire Hathaway Shareholder Letter
“We have another reinsurance powerhouse in General Re, managed by Tad Montross... General Re is now a gem.”
“We bought a company called General Re, which had 23,000, and it cost us $400 million before we got out of those.”
Morning Session - 2012 Meeting
“I would value GEICO, for example, differently than I would value Gen Re and I would value even some of our minor companies”
Wesco Financial Annual Letter 2009
“Wes-FIC's principal reinsurance activity consisted only of its participation in several pools managed by a subsidiary of General Reinsurance Corporation ("Gen Re")”
2009 Berkshire Hathaway Shareholder Letter
“General Re ...................... $ 4 7 7 $ 3 4 2 $21,014 $21,074 [underwriting profit and float data]”
Afternoon Session - 2009 Meeting
“Gen Re is the company now that I thought it was when I purchased it in 1998, so we're proud of them. It was a very tough job.”
Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“General Re. Brandon resignation... He did a magnificent job. We stand behind that observation. I would trust him personally.”
Wesco 2007 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“now Gen Re is enormously improved – in fact, I think it's now worth the stock we gave to get it.”
Morning Session - 2007 Meeting
“Please tell us where you stand on the global warming debate or where your managers at General Rees stand.”
2005 Berkshire Hathaway Shareholder Letter
“Both Charlie and I knew at the time of the Gen Re purchase that it was a problem and told its management that we wanted to exit the business.”
2005 Berkshire Hathaway Shareholder Letter
“Remember that the rationale for establishing this unit in 1990 was Gen Re's wish to meet the needs of insurance clients.”
Wesco 2003 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“We tried to sell Gen Re's derivatives operation and couldn't, so we started liquidating it. We had to take big markdowns.”
Morning Session - 2001 Meeting
“when we bought General Re, they had asbestos liabilities from reinsurance contracts”
Morning Session - 2000 Meeting
“The big operations are General Rhee and GEICO and the National Indemnity reinsurance operation”
Afternoon Session - 2000 Meeting
“longer tail liability lines such as a general RE might have, inflation has this effect of hitting liabilities”
Afternoon Session - 2000 Meeting
“it's our job to let them have the business. That's easier to do with the Jeet's business, the national business. business and national indemnity than it is with General Rhee”
Afternoon Session - 1999 Meeting
“Did you buy General Reed mostly because, I know mostly because of the float, because you think you can grow the float... We certainly, we don't think the float will grow rapidly”
Benefits of buying General Re won't be felt "in the short term"
“Did you buy General Reed because you think you can grow the float? ... We obviously think Berkshire 10 years from now will be worth more on a per share basis with General Rhee included”
Afternoon Session - 1999 Meeting
“we are in the life reinsurance business in a fairly significant way through General Rhee.”
Morning Session - 1999 Meeting
“when we buy a general re. I mean, we are paying billions and billions of dollars for it or when we buy a GEICO”
1985 Berkshire Hathaway Shareholder Letter
“a story told me many years ago by the then Chairman of General Reinsurance Company. He said that every year his managers told him”