Blog | Gen Re

Our Perspective

Know Thy Neighbour – Lessons From the Tianjin Explosion

By Edmund Fernandez |September 07, 2016|English

The night of August 12, 2015 was like any other in and around the bustling port of Tianjin, the maritime gateway to China’s capital city Beijing located some 170kms to the north west. The port city of Tianjin, a dual core city comprising the old...
Read More
Vapour Cloud Explosion Modeling – Setting the Right Limits for Oil and Gas Risks

By Seong Wook Kim|August 03, 2016|English

Setting the right limit of liability (LOL) is one of the most important and complex decisions in designing an insurance program for large refineries and petrochemical plants. Buying up to the full Total Insurable Value (TIV) on a multi-billion dollar...
Read More
Contingent Business Interruption in Petrochemical Business – An Underestimated Exposure?

By Dr. Martin Zorn |July 21, 2016|English

Significant changes in the petrochemical industry over the last decades have included many former chemical and petrochemical giants selling their petrochemical businesses to focus on chemical operations specializing in “pharmaceuticals, performance...
Read More
Accumulation Headache? Look to Carve-Outs for Relief

By Seong Wook Kim|June 23, 2016|English

Unexpected capacity accumulation arising out of multiple primary policies can create big headaches for insurers, often prompting them to walk away from an otherwise desirable risk. However, there is a way to help insurers grow their books while keeping...
Read More
What Is Equipment Breakdown Anyway?

By Lisa Poirier and Kerri Tanner|June 08, 2016|English

When you think of equipment breakdown, do you usually think of machinery-intensive industries, such as steel mills, pulp and paper manufacturing, or electrical power generation? What about “Main Street” occupancies – apartment buildings,...
Read More
The Key to Underwriting Flood Successfully [Video]

By Tim Pappas |May 19, 2016|English

Innovations in modeling and technology are changing the way the industry underwrites flood risks, but they are only a starting point to truly understanding the risk. Transforming that information into knowledge is the key to underwriting flood successfully. View...
Read More