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The Mutual Practice

Welcome to Gen Re's Mutual Practice!

We offer an attentive, entrepreneurial approach, and dedicated claims and underwriting expertise to every mutual company client.
The Mutual Practice
Mutual Practice
Why Gen Re Insights Events Spotlight Products Community Team

What Sets Us Apart?

“Finding new ways to meet the demands of today’s market, differentiate your proposition, or diversify in a competitive market has never been more important.

Learn more about what sets Gen Re’s Mutual Practice apart, and how the right reinsurance relationship can make all the difference.”

Ridge Signature
Ridge Muhly
Treaty North America Manager – The Mutual Practice

Recent Trends & Insights

With content written by Gen Re’s senior managers, underwriters, claims executives, and actuaries, along with guest contributors, we share timely insights and information to help keep you and your team informed. Here’s a look at some of what we’ve written lately.

 

Publication
Financial Analysis – Challenging Times for Many U.S. Mutual Insurers
Details the U.S. regions hardest hit by hail, tornadoes, and wind events in 2023, examining the correlation between these events and the financial results of Mutual insurers in those regions. The current year might prove to be even more devastating than the last due to high temperatures and strong atmospheric jet streams.
Timothy Fletcher, William Wilt (President of Assured Research) (guest contributor) April 29, 2024
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Publication
Florida’s Tort Reform Revolution – Following a Year of Change in the Sunshine State
One year ago, Florida House Bill 837 made significant changes to Florida law concerning personal injury litigation and insurance claims. This article provides a year-in-review on the state of personal injury and bad faith law in Florida in the wake of tort reform.
Michael Pagenta, Christina Roberto (Partner of Tittmann Weix) (guest contributor) March 25, 2024
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Publication
Human Activity Generates Carbon and Warms the Atmosphere. Is Human Ingenuity Part of the Solution?
Do we have the means to physically remove atmospheric carbon and help keep temperature rises within acceptable levels, limiting future risk while also easing the transition from fossil fuels? If so, what could that mean for insurers and the policyholders they serve? Let’s take a look.
Timothy Fletcher February 26, 2024
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Publication
Illinois Changes Stance on Construction Defect Claims – The Trend Continues
In a landmark decision in November 2023, the Illinois Supreme Court set forth a new legal framework for analyzing coverage for construction defect claims under Commercial General Liability policies. Read about the longstanding rule that the court overturned.
Paul Kelejian February 13, 2024
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Events

Here are some of the upcoming industry events our team is attending in the next few weeks. Please stop by and say hello!

Mutual Events
Kara Raiguel

Gen Re has always been known for our strong financial foundation and keeping our promises to clients. However, it’s our pledge to add our knowledge to yours, from underwriting to claims, and to listen to your needs on the journey that really sets us apart.

Kara Raiguel
President and CEO, General Re Corporation
See Kara’s Bio

Spotlight on Emerging Exposures

The world of risk is changing quickly. Driverless cars, artificial intelligence, and robotics: How will their technologies alter the Property/Casualty risk profile for insurers? What will be the next big mass tort? What regulatory changes on the horizon could suddenly increase exposures in your book of business?

Identifying a potential exposure and reacting quickly are crucially important to our clients’ success. 

Learn More

Products and Services

Gen Re’s Mutual Practice is committed to finding the reinsurance solution that’s right for you. We offer a full range of reinsurance products and the expertise of the most talented reinsurance team in the industry to every client.

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Auto

Reinsurance solutions for a broad range of exposures and coverages, including Auto Liability and Auto Physical Damage.

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Casualty

Reinsurance solutions for a broad range of exposures and coverages, including General Liability, Commercial & Personal Umbrella, and Workers’ Compensation.

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Property, Engineering, Marine

Reinsurance solutions for a broad range of exposures and coverages, including Property, Engineering, Ocean Marine, Inland Marine, and Natural Catastrophe perils.

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Specialty Lines

Reinsurance solutions for a broad range of exposures and coverages, including Management Liability, E&O, Cyber, EPLI, Medical Professional Liability, and Surety Bonds.

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Superior Financial Strength

* All Gen Re underwritten business, including business written on Berkshire affiliate paper.

Client Profile

Our U.S. Treaty client companies come from all segments of the Property/Casualty industry, including many specialty segments. The majority of Gen Re Treaty clients are mid-sized companies.

The Mutual Practice Clients by Company Type

Quick Facts

In Our Communities

As an organization, we care about our associates, clients, and communities. Together we strive to make a positive impact on the world around us. Here’s a look at some of the ways our Gen Re associates give back - volunteering time, donating to many worthy causes, and funding scholarships for the next generation.  

Corporate Philanthropy
NAMIC Scholarship

NAMIC Mutual Insurance Foundation – Gen Re Scholarship
There is so much opportunity for young professionals in the insurance industry, and Gen Re is proud to support NAMIC’s efforts by offering scholarships to promising students. Learn more about the NAMIC Mutual Insurance Foundation here. 

St. Baldrick's

St. Baldrick's
On June 21, 2023 Gen Re joined forces with other local reinsurers to host a Reinsurance Head-Shaving Event in support of the St. Baldrick’s Foundation, a charity dedicated to finding cures for childhood cancers and giving survivors long and healthy lives. Pictured above are Victor Min, Gen Re's Head of Treaty Cat Underwriting, and his son Diego. To learn more or make a donation, visit our St. Baldrick's team page.

Contact Us

We would love the opportunity to learn more about you, your challenges and goals, and how we might be able to help. Please give us a call today.
We look forward to hearing from you!

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Kara Raiguel
President and CEO, General Re Corporation

Kara is President and CEO of General Re Corporation, having joined the group in 2016. Previously, Kara spent 16 years in Berkshire Hathaway’s Reinsurance Division in Stamford, CT, where she prospected reinsurance and insurance opportunities and priced loss portfolio transfers and acquisitions. During this tenure, she was responsible for Guard Insurance Group, the Division’s India reinsurance portfolio, Berkshire Hathaway’s financial guaranty insurer, BHAC. Kara also established a California Workers’ Compensation portfolio for National Liability & Fire Insurance Company. Kara began her career in 1994 with CIGNA Property & Casualty in Philadelphia, PA. She obtained an undergraduate degree in mathematics from Ursinus College and is a Fellow of the Casualty Actuarial Society.

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Ridge Muhly
Treaty North America Manager – The Mutual Practice

Ridge is Senior VP, Manager of The Mutual Practice in Treaty North America. He joined Gen Re in 2002 as a Casualty Facultative Underwriter, and then the Treaty department in 2014 as an Account Executive on the Northeast team where he was also responsible for clients and prospects in the Mid-Atlantic region and business development for the Umbrella business. In 2017 Ridge joined The Mutual Practice where his responsibilities expanded to the Southern and Northern states. Ridge assumed his current position in 2018. He routinely speaks on “State of the Industry” and “Emerging Issues” with our clients as well as several industry organizations. Ridge graduated from The Pennsylvania State University with a BS in Insurance in 2002. He holds the CPCU, ARe, ARM, ASLI, and RPLU designations.

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Craig Beardsley
Treaty Underwriting Manager – The Mutual Practice

Craig Beardsley is a Senior VP, Treaty Underwriting Manager for The Mutual Practice in North America. He’s based in Gen Re’s Stamford headquarters. Previously, he served as a Treaty production underwriter working with Regional, Specialty and National accounts. He has also served as manager with responsibility for Gen Re's Umbrella products. Craig joined Gen Re in 1990 in the Casualty Facultative department, working in Atlanta and Charlotte. He joined the Treaty department in 1998 as an account executive and later assumed an underwriting role. Craig holds a BS in Business Administration from Boston University.

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Glenn Frankel
Head of North America P&C Claims

Glenn is Senior VP, Head of North America Property/Casualty Claims. He joined Gen Re in 2020 bringing with him extensive experience in the insurance and reinsurance space. He previously worked at CNA where he led Complex Commercial Claims, including Environmental & Mass Tort, Construction Defect, Life Sciences and Opioid exposures. Prior to that, he was in leadership roles at The Hartford’s insurance and reinsurance units. Glenn started his career with the law firm of Day Pitney and as Managing Counsel at Travelers.

 

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Timothy Fletcher
Sr. Emerging Issues Specialist

Tim is Gen Re’s VP, Senior Emerging Issues Specialist. He leads the company’s Emerging Issues unit, drawing from years of experience and a wide range of responsibilities to identify emerging risks and exposures to Gen Re clients and internal colleagues. He is a frequent contributor to Gen Re's blog and edits the UM/UIM Liability Laws Survey publication. Tim is a graduate of the University of Minnesota (Bachelor of Arts, Journalism) and the Mitchell Hamline School of Law (Juris Doctor). Tim is a past-president of the Atlanta Chapter of CPCU. He currently serves on CPCU’s RE&S (Reinsurance, Excess & Surplus) Interest Group and as Chapter Governor for the Upper South Region. He is a founding board member of the Atlanta Insurance Coalition for Change, and a guest lecturer on Risk Management and Insurance at Georgia State University as well as many industry organizations. He holds the J.D. and CPCU designations.

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Molly Corbett
Chief Risk Officer North America P/C & Treaty Cyber Specialist

Molly Corbett is VP, Chief Risk Officer for North America Property & Casualty, supporting the risk management initiatives of the CEO and corporate risk committees. Molly is also a Cyber Specialist for Gen Re’s North America Treaty department. She works with companies to develop and grow their cyber insurance programs and provides ongoing marketing and underwriting support and training. Prior to this, she worked as an underwriter in the Property Facultative department in Hartford and Boston. Molly received her BA from Fairfield University and a MBA from the D’Amore-McKim School of Business at Northeastern University.

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Aaron Augustyniak
Treaty Account Executive

Aaron is a VP, Treaty Account Executive for The Mutual Practice. Based in our Philadelphia office, Aaron is responsible for marketing Gen Re’s wide range of insurance products and services to mutual companies within the region. When Aaron joined Gen Re in 2012, he was part of the Property Facultative department where he served as the business development coordinator, responsible for evolving and expanding the Mid-Atlantic region while servicing mutual, regional and national clients from a property program and facultative basis. Aaron is a graduate of Illinois State University with a BS in Insurance and Finance. He is actively involved in insurance organizations in the Philadelphia area, including the CPCU Society and the Insurance Society Next Generation organization. Aaron is also pursuing his ARe designation.

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Brian Monahan
Treaty Account Executive

Brian is a VP, Treaty Account Executive with The Mutual Practice. Based in Columbus, Ohio, he is responsible for developing new treaty opportunities and servicing key accounts throughout the Midwest Region. Brian began his Gen Re career in the Chicago office in 1996 as a Casualty Facultative Underwriter. He is a graduate of Illinois State University and holds the ARe and RPLU designations.

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Maria Slowinski
Treaty Account Executive

Maria is a Senior VP, Treaty Account Executive and marketing strategist for The Mutual Practice. Maria joined Gen Re's Property Facultative department in 1996. She previously worked with a global commercial insurance company in various underwriting and management positions. Maria obtained a B. S. degree in Business Administration from Butler University and her M. S. in Managerial Communication from Northwestern University. Maria serves on the NAMIC Management and DEI committees, and she has chaired the NAMIC Commercial Lines committee.

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John Stone
Treaty Account Executive

John is a Senior VP, Treaty Account Executive and team leader in the Mid-Atlantic region for The Mutual Practice. Based in Gen Re’s Philadelphia office, John is responsible for marketing Gen Re’s full range of Treaty products to clients and prospects in the region. With Gen Re since 1991, John previously worked in Midwest region as Treaty Branch Manager, and in the New York and Atlanta branches as a Treaty Account Executive. John has served on Gen Re’s Business Development Council’s for the Umbrella, Employment Practices and E&O lines of business. Prior to joining Gen Re, John worked in the Athletic Department of the University of Pittsburgh with responsibilities for the football program administration. John attended the University of Pittsburgh and received a BA in Business and Economics in 1989 and an MBA in Finance in 1991. He holds the CPCU designation. John has served on the Advisory Board of the Insurance Institute’s Associate in Reinsurance program.

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Paul Wagner
Treaty Account Executive

Paul is a Senior VP, Treaty Account Executive for The Mutual Practice. Based in our Los Angeles office, Paul joined Gen Re originally as a Casualty Facultative underwriter in our San Francisco office. Prior to Gen Re, he was a multiline underwriter at Transamerica Insurance Group. Paul is past-President of the City of Hope – National Insurance Industry Council, and he served on the board of the Insurance Education Association. Paul received a BS in Business Administration from Saint Mary’s College of California. He holds CPCU and ARe designations.

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Jim Whamond
Treaty Account Executive

Jim Whamond is a Senior VP, Treaty Account Executive for The Mutual Practice. Jim has a Multiline background and over the years has worked with a broad spectrum of company types, lines of business and geographies. Jim began his career at the Aegon Reinsurance Co. of America. He then joined National Re in 1987, which was acquired by Gen Re in the fall of 1996. During his career, he's held various positions including Treaty Marketing Manager for National Re’s UK Branch and Treaty Marketing Manager for Gen Re’s South and West Regions. Jim holds a BA in Physics from the College of the Holy Cross.

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Lucille Hyland
Contracts Manager

Lucille is Senior VP, Contracts Manager for Gen Re’s North America P&C Contracts Department, which services the three Treaty business units as well as program contracts written in our Facultative business units, and public entity agreements written in GenStar and Genesis, Gen Re subsidiaries. She has spent over 30 years in the (re)insurance industry, most of them at Gen Re, focusing on reinsurance contract and primary insurance policy wording.

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Victor Min
Head of Treaty Cat Underwriting

Victor is Senior VP, Head of Cat Underwriting for Treaty North America. He joined Gen Re in 2021 and is responsible for overseeing Property Cat underwriting and modeling. He started his insurance career with Towers Perrin in 2003 as an actuary. He then held various actuarial positions at Zurich North America, Axis Insurance and Munich Re. In 2011, Victor transitioned to Property underwriting at Munich Re and specialized in underwriting both admitted and E&S Property reinsurance treaties. Victor received a BA from University of International Business and Economics (Beijing, China) and MBA from University of San Francisco. He holds the FCAS and MAAA designations.