Reinsurance News


TransRe Zurich redomiciles to Luxembourg, Jonathan Hewitt named CEO

2nd July 2019

Alleghany Corporation's wholly owned reinsurance subsidiary, Transatlantic Holdings, Inc. (TransRe) has redomiciled its TransRe Zurich Ltd subsidiary to Luxembourg, and renamed the division TransRe Europe S.A. TransRe is headquartered in New York with operations across the globe. The reinsurer states that the redomicile from Zurich to Luxembourg supports its long-term commitment ... Read the full article

Downturn in TransRe profits offset Alleghany’s Q1 growth

9th May 2019

Alleghany Corporation posted a 46.4% increase in revenue for the first quarter of 2019, offset by a downturn in the underwriting profit of its reinsurance subsidiary, Transatlantic Reinsurance Company (TransRe). TransRe generated underwriting profits of $40.0 million in Q1 2019, down 59.5% from $98.8 million when compared with the same period ... Read the full article

TransRe’s cat losses push Alleghany to Q3 underwriting loss

2nd November 2018

Alleghany Corporation fell to an underwriting loss of $140 million in the third-quarter of 2018, driven in part by the impacts of catastrophe losses on its reinsurance arm, Transatlantic Reinsurance Company (TransRe). In total, catastrophe losses in the third-quarter cost Alleghany $179.3 million, with more than 81%, or $146.1 million of the losses ... Read the full article

TransRe names Cardona VP of Marketing & Business Development, Latin America & Caribbean

9th April 2018

TransRe, the reinsurance arm of Alleghany, has announced the appointment of Hugo Cardona, formerly of Aspen Re, as Vice President of Marketing and Business Development for Latin America & Caribbean. The reinsurer states that in his new role Cardona will ... Read the full article

Ignore recent cat activity at your peril, warns Alleghany President, Hicks

6th November 2017

Weston M. Hicks, President of Alleghany Corporation, has warned against dismissing third-quarter catastrophe events as an anomaly, events that depleted more than a third of the company's underwriting profits earned in the prior five years. The impact of catastrophe events in the third-quarter of 2017 resulted in losses for Alleghany of ... Read the full article

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