General Re Corp – ‘10-K405’ for 12/31/97 – EX-21

As of:  Thursday, 3/26/98   ·   For:  12/31/97   ·   Accession #:  950130-98-1462   ·   File #:  1-08026

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Form 10-K                                             76    406K 
 2: EX-21       Subsidiaries of Registrant                             4±    19K 
 3: EX-23       Consent of Coopers & Lybrand LLP                       1      6K 
 4: EX-24       Power of Attorney                                      1      6K 
 5: EX-27       Financial Data Schedule                                2      7K 

EX-21   —   Subsidiaries of Registrant

EX-21
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                                                                      EXHIBIT 21

SUBSIDIARIES OF REGISTRANT

Significant subsidiaries of General Re Corporation at December 31, 1997 were
as follows:                                                                     

                                                                [Download Table]

                                                                  JURIDISCTION 
                                                                       OF      
                  NAME                      NATURE OF BUSINESS   INCORPORATION 
----------------------------------------- ---------------------- --------------
                                                                               
General Re Corporation                    Holding Company        Delaware      
 General Reinsurance Corporation          Reinsurer              Delaware      
 Elm Street Corporation                   Real Estate            Delaware      
 General Star Indemnity Company           Insurer                Connecticut   
  General Star International Indemnity                                         
   Ltd.                                   Insurer                UK            
 General Star National Insurance Company  Insurer                Ohio          
 General Star Management Company          Management             Delaware      
 Genesis Underwriting Management Company  Management             Delaware      
  Genesis D & O Liability Insurance Pro-                                       
   gram, Inc.                             Agency                 Ohio          
  Broker Markets Agency, Inc.             Agent                  Connecticut   
 Genesis Insurance Company                Insurer                Connecticut   
 Genesis Indemnity Insurance Company      Insurer                North Dakota  
 GRC Realty Corporation                   Real Estate            Connecticut   
 Gen Re Holdings, Inc.                    Holding Company        Delaware      
  Reinsurance Underwriting Services Lim-                                       
   ited                                   Manager                UK            
   General Re Europe Services Ltd.        Management             UK            
   General Re Europe Limited              Reinsurer              UK            
   General Re, Correduria de Reaseguros,                                       
    S.A.                                  Intermediary           Spain         
 General and Cologne Re Management Lim-                                        
  ited                                    Management             Australia     
 General & Cologne Re Brasil Ltda.        General Business Corp. Brazil        
 General and Cologne Reinsurance Aus-                                          
  tralasia Limited                        Reinsurer              Australia     
  Recoa Investments Pty. Limited          Investment Company     Australia     
 General Re Compania de Reaseguros, S.A.  Reinsurer              Uruguay       
  Mandataria General Re, S.A.             Agent                  Argentina     
  Die Kolnische Ruck Compania de                                               
   Reaseguros, S.A.                       Reinsurer              Argentina     
 National Re Corporation                  Holding Company        Delaware      
  National Reinsurance Corporation        Reinsurer              Delaware      
   Fairfield Insurance Company            Insurer                Connecticut   
   National Intermediaries, Inc.          Intermediary           New York      
   Global Resolution, Inc.                Manager                New Jersey    
   National Risk Services, Inc.           Broker                 Connecticut   
 RIC Corporation of Delaware              General Business Corp. Delaware      
 North Star Reinsurance Corporation       Reinsurer              Delaware      
 General Re-New England Asset Management,                                      
  Inc.                                    Investment Adviser     Delaware      
 North Star Syndicate, Ltd.               Insurance Syndicate    Delaware      
 United States Aviation Underwriters,                                          
  Inc.                                    Manager                New York      
 Canadian Aviation Insurance Managers                                          
  Ltd.                                    Manager                Montreal, Can.
  Airsurance Limitee                      Manager                Montreal, Can.
 General Re Services Corporation          General Business Corp. Delaware      
 General Re Financial Products (Japan)                                         
  Inc.                                    Agent/Swap Dealer      Delaware      
 Herbert Clough Inc.                      Intermediary           New York      
 Genplus Managers, Inc.                   Manager                Delaware      
 Cresset Capital Limited Partnership      Venture Capital        NY Partnership
 GRD Corporation                          General Business Corp. Delaware      
 General Re-CKAG Reinsurance and Invest-                                       
  ment S.a.r.L.                           Holding Company        Luxembourg    
  Kolnische Ruckversicherungs-Gesell-                                          
   schaft AG                              Reinsurer              Germany       
   Cologne Holding Company of America     Holding Company        Connecticut   
    Cologne Re Managers Corporation       Management             Delaware      
    Cologne Reinsurance Company of Amer-                                       
     ica                                  Reinsurer              Connecticut   
   Cologne Life Reinsurance Company       Reinsurer              Connecticut   
    Cologne Life Underwriting Management                                       
     Company                              Management             Connecticut   
     Health Reinsurance Management Part-                                       
      nership                             Partnership            Massachusetts 
     AVB Development, Inc.                General Business Corp. Connecticut   
     John Hewitt and Associates           Management             Maine         
     Insurance Management Services, Corp. Management             Connecticut   
    Idealife Insurance Company            Insurer                Connecticut   
   Europa Ruckversicherung AG             Reinsurer              Germany       

EX-21
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                                                                 JURIDISCTION 
                                                                      OF      
                  NAME                      NATURE OF BUSINESS   INCORPORATION
----------------------------------------- ---------------------- -------------
                                                                              
    Europa Re International               Securities Trader      Ireland      
   Kolnische Versicherungs-Beratungs- und                                     
    Service GmbH                          General Business Corp. Germany      
   The Cologne Reinsurance Company Ltd.   Reinsurer              UK           
   Cologne Reinsurance Company Ltd.       Reinsurer              Ireland      
   La Kolnische Italia Servizi                                                
    Riassicurativi SRL                    Agent                  Italy        
   Cologne Reinsurance Finance Holdings                                       
    B.V.                                  Holding Company        Netherlands  
   Cologne Reinsurance Company Ltd.       Reinsurer              Bermuda      
    Cologne Reinsurance Ltd.              Reinsurer              Barbados     
   La Kolnische Latina S.A.               Agent                  Mexico       
   Kolnische Ruck Wien                    Reinsurer              Austria      
   Cologne Reinsurance Company of South                                       
    Africa Ltd.                           Reinsurer              South Africa 
   General and Cologne Re Management Lim-                                     
    ited                                  Management             Australia    
   General & Cologne Re Brasil Ltda.      General Business Corp. Brazil       
   Cologne Life Reinsurance Company of                                        
    Australia Ltd.                        Reinsurer              Australia    
   Die Kolnische Ruck Riga GmbH           Agent                  Latvia       
   La Kolnische Iberica S.A.              Agent                  Spain        
   Kolnische Ruck Buenos Aires S.A.       Agent                  Argentina    
   Cologne Life Reinsurance Company Lim-                                      
    ited                                  Reinsurer              UK           
   Kolnische Gestion Immobiliere          Real Estate            France       
   Cologne Re Consultants                 Consultants            Hong Kong    
   Insiders GmbH                          General Business Corp. Germany      
   Kolnische Norden                       Reinsurer              Denmark      
    La Kolnische de Venezuela             Reinsurer              Venezuela    
    Universal Risk Partners               Broker                 Luxembourg   
   General Re London Limited              General Business Corp. UK           
  GRD Global, Inc.                        Management             Delaware     
  General Re Financial Products Corpora-                                      
   tion                                   Swap Dealer            Delaware     
   General Re Financial Products (Canada)                                     
    Limited                               Agent                  Ontario      
   General Re Securities (Canada) Corpo-                                      
    ration                                Limited Market Dealer  Ontario      
  General Re Financial Products Limited   Agent                  UK           
  General Re Financial Securities Lim-                                        
   ited                                   Swap Dealer            UK           
  General Re Securities Corporation       Broker-Dealer          Delaware     
  General Re Underwriting Services Lim-                                       
   ited                                   Underwriting Services  Bermuda      
  General Re (Bermuda) Limited.           Reinsurer              Bermuda      
  General Re Investment Holdings Corpo-                                       
   ration                                 Holding Company        Delaware     
   General Re Funding Corporation         General Business Corp. Delaware     
   General Re Corporate Finance, Inc.     General Business Corp. Delaware     
  General Re Strategic Solutions, Inc.    General Business Corp. Delaware     
  General Re Financial Products (Hong                                         
   Kong) Limited                          Swap Dealer            Hong Kong    
  Ardent Risk Services, Inc.              General Business Corp. Delaware     

--------                                                                        
Legend:                                                                         

(1)Percentages include any director qualifying shares                         
(2)Partnership Percentage                                                     
(3) Cologne Reinsurance Company Ltd. (Bermuda) owns 75% and Cologne Life      
Reinsurance Company (Connecticut) owns 25% of Cologne Reinsurance Ltd.
(Barbados)                                                            
(4) General Reinsurance Corporation and Kolnische Ruckversicherungs-          
   Gesellschaft AG each own 50% of General and Cologne Re Management Limited
(5) Kolnische Ruckversicherungs-Gesellschaft AG owns 70% and non affiliates - 
Wiener Stadtische Allgemeine Versicherung Aktiengesellschaft and      
Versicherungsanstalt der osterreichischen Bundeslander                
Versicherungsaktiengesellschaft each own 15% of Kolnische Ruck Wien   
(6) In addition to its ownership of Cologne Re through GR-CK, GRD Corporation 
    purchased for its own account an additional 11.2% of the shares of Cologne
Re through December 31, 1997, which increased GRD Corporation's       
consolidated economic interest in Cologne Re to 77.5%                 
(7) 50.1% controlling interest held by GRD Corporation and a 49.9% non-       
controlling minority interest held by Colonia Konzern, AG of Germany  
(37.8%) and Nordstern Allgemeine Versicherungs, AG of Germany (12.1%) 
(8) Cologne Life Underwriting Management Company owns 51% and Health          
Reinsurance Management, Inc. (a nonaffiliate) owns 49% of Health      
Reinsurance Management Partnership                                    
(9) Kolnische Ruckversicherungs-Gesellschaft AG owns 75% and non-affiliates - 
  ProFin Beteiligungsgesellschaft mbH owns 16%, Iron Trades Insurance Ltd.
owns 8% and Mutuell Assurance Artisanale de France owns 1% of Europa  
Ruckversicherung AG                                                   
(10) Kolnische Ruckversicherungs-Gesellschaft AG owns 85% and two Managers own  
the remaining 15% of Insiders GmbH                                    
(11) Cologne Life Underwriting Management Company owns 92.63% and Robert Taylor 
owns 7.37% of John Hewitt and Associates                              
(12) General Reinsurance Corporation and Kolnische Ruckversicherungs-           
Gesellschaft AG each own 50% of General & Cologne Re Brasil Ltda.     

(Indentation Shows Ownership)                                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘10-K405’ Filing		Date		First		Last			Other Filings
Filed on:		3/26/98
For Period End:		12/31/97		1		2			11-K
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