EXHIBIT 21
SUBSIDIARIES OF REGISTRANT
Significant subsidiaries of General Re Corporation at December 31, 1997 were
as follows:
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
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
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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)