The General Liability product serves a diverse group of insureds with an equally wide range of exposures and insurance needs. The exposures are continually changing in response to legal, economic and social trends. Environmental exposures and, more recently, construction defect claims have impacted the GL product, and it seems that each day a new issue emerges. The long tail on casualty claims increases the risk for GL insurers when pricing business today. Underwriters will not know the results of their decisions for many years, well after more business has been written and exposures have emerged. It also means that insurers will present claims for reinsurance payment 10 or 20 years, or more, after they bought the protection. A lot can happen during this time.
We understand the enormity of the challenge facing GL underwriters, and have the tools, expertise and experience to help you meet it. Gen Re rating models and risk profile tools, including our CLEAR model, provide benchmarks for your book. Our underwriting research identifies emerging issues to help you prepare for the future. With over 80 years of paying client claims, we prove time and again that Gen Re is the strong and stable market needed by GL insurers. If we can assist you or just tell you more about our GL capabilities, please contact Deborah Colantuoni at 203 328 5409 or .
