Overview

• individual life reinsurance
• individual life underwriting services
• individual life actuarial consultative services
• group life, accident, and health reinsurance

Company History  
The Generali USA Life Reassurance Company originally started out as the Business Men’s Assurance Company of America (BMA), which began selling life insurance in 1920 under founder W.T. Grant.  By 1928, native Kansan Grant had foreseen the great need for reinsurance in his industry, and sold his first reinsurance policy. 

By 1941, the Business Men’s Assurance Company had enough reinsurance business to establish an entire reinsurance division.  Over the next 50 years, they continued to grow and refine their offerings, adding a wide variety of insurance products to their portfolio, including mainstream life and annuity programs.  In 1990, they were acquired by Assicurazioni Generali S.p.A. (Generali), one of the largest, most stable insurance companies in the world. In 2003, Generali exited the U.S. direct insurance marketplace to focus its attention on BMA’s core reinsurance operation. The newly formed company became known as Generali USA.

Today, Generali USA continues to operate as a wholly owned subsidiary of Assicurazioni Generali.  It is licensed or accredited for reinsurance in all 50 states.  And just like in 1928, we still work with each customer individually to solve their financial challenges, by applying our knowledge, skills, and creativity.  We are proud of our 80-year history of providing reinsurance to the many businesses who rely on us for our stability and financial strength.

Individual Life Reinsurance Products & Services   

Generali USA offers a complete line of individual life reinsurance products and services, including fully underwritten and selected “simplified issue” products.  We provide our customers with product consulting, superior claim turn-around, and state-of-the-art reinsurance administration.  In addition, our individual life reinsurance product and services:

• Are automatic and facultative
• Include excess of retention and quota share
• Offer coinsurance and YRT

Individual Life Underwriting Services

At Generali USA, we offer user-friendly life underwriting services that are highly competitive in the marketplace.  Our fast, thorough decision-making process utilizes our web-based underwriting guide, as well as our deep level of facultative expertise.  Our customers appreciate our top-level operational reviews and thorough client consultation.

Individual Life Actuarial Consulting

Generali USA helps our customers to be more competitive with our individual life actuarial consulting services.  We assist with every aspect of service, including evaluation of product trends, and managing current issues in the industry.  In addition, we assist customers with regulation compliance.

Group Life, Accident and Health Reinsurance Products  

Generali USA offers a complete line of group life, accident, and health reinsurance products.  We can tailor all of our reinsurance products to meet our customers’ needs, including:

• Excess Group Life and AD&D
• Quota Share Group Life and AD&D
• Personal Accident
• Accidental Death Carve-Out
• Bulk ADB
• Abnormal Mortality Stop Loss

Group Life, Accident and Health Reinsurance Services  

In addition to our wide selection of reinsurance products, Generali USA also offers several services to assist our customers through the reinsurance process.  Our depth of experience gives our customers a strategic financial advantage in the insurance market by enhancing their products and their retention.  Our actuarial consulting services include:

• Product Enhancement
• Facultative Underwriting
• Concentration Management
• Retention Analysis
• Rate Development
• Medical Underwriting
• Experience Analysis
• Reserve Methodology Review
• Conversion Administration