5th August 2020
Alleghany Corporation has reported an underwriting loss of $39.5 million for the second-quarter of 2020 as its reinsurance arm, TransRe fell to an underwriting loss of more than $30 million on the back of COVID-19-related losses of $115 million.
TransRe's Q2 underwriting loss compares with a gain of $75.9 million in ...
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3rd July 2020
TransRe and AmWins have been confirmed as backers for the launch of Integral ILS Ltd., a new Bermuda based insurance-linked securities (ILS) fund manager.
Representatives from Integral informed our ILS-focused sister publication, Artemis, that the company has launched but remains in the early stages of development.
The fund manager is preparing ...
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6th May 2020
Investment holding company Alleghany Corporation has seen the combined ratio of its reinsurance business TransRe increase 13.5 points in the first quarter to 107%, due to significant catastrophe losses primarily related to the coronavirus pandemic.
TransRe’s net premiums written increased 9.3% in Q1 from the first quarter of 2019, primarily reflecting ...
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23rd April 2020
Transatlantic Reinsurance Company (TransRe), the wholly owned reinsurance subsidiary of Alleghany Corporation, has announced that Stephanie Russell has been appointed Chief Agent for its Canadian operations, effective April 13, 2020.
Russell joined TransRe Toronto from Aviva Canada in 2015 to lead the local actuarial department, and was promoted to Appointed Actuary ...
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21st February 2020
Despite a modest underwriting loss in 2019, Alleghany president Weston Hicks has praised TransRe’s “deep reservoir of underwriting expertise” and believes the end of a competitive downturn in the global property and casualty reinsurance industry will result in improved market conditions in 2020 and beyond.
TransRe recorded an underwriting loss ...
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20th February 2020
Investment holding company Alleghany Corporation has posted an underwriting profit of just $33 million for 2019, weighed down by catastrophe losses incurred by its reinsurance arm, Transatlantic Reinsurance Company (TransRe).
TransRe recorded an underwriting loss of $40.9 million for the year after being hit by $301 million of catastrophe losses, mostly ...
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5th February 2020
Global reinsurer TransRe has partnered with energy InsurTech firm, Allphins, to create a data analytics platform for offshore energy reinsurance business.
Under the terms of the agreement, TransRe will leverage Allphins software to digitalise its treaty reinsurance arrangements, monitor its aggregate exposures, and identify opportunities within the marketplace.
The Chief Executive Officer ...
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28th January 2020
TransRe, the wholly owned reinsurance subsidiary of Alleghany Corporation, has announced a series of promotions within its underwriting management team, as well as some structural changes.
Firstly, Paul Bonny and Ken Brandt have been promoted to Co-Presidents of Global Underwriting Operations.
Bonny previously served as President of the Europe and Asia Pacific ...
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6th November 2019
Alleghany Corporation has returned to profitability during the third quarter of 2019, helped by positive results from its reinsurance business, TransRe.
Alleghany posted operating earnings of $109.8 million in Q3 2019, compared to a loss of $16.0 million for the same period last year.
Similarly, the company recorded underwriting profits of $32.8 ...
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12th August 2019
TransRe has announced numerous changes to its regional leadership teams, including the appointment of Louise Rose as Chief Executive Officer (CEO) of TransRe London Limited (TransRe London).
Her appointment is effective September 1st, 2019 and sees Rose take over from Geoff Peach, who is retiring after 27 years with TransRe.
Rose's appointment, ...
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7th August 2019
Alleghany Corporation has announced an underwriting profit of $114.9 million for the second-quarter of 2019, driven by higher profits in both its insurance and reinsurance segments.
Alleghany's underwriting profit increased by almost 19% in Q2 2019 when compared with Q2 2018, while net earnings remained flat at $295.5 million and ...
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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 ...
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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 ...
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11th April 2019
Transatlantic Holdings, Inc. (TransRe) is to merge its North American and Latin American divisions into TransRe Americas, as part of a leadership transition that includes the retirement of Javier Vijil from his executive role after 26 years with the firm.
Vijil founded the reinsurer's Latin America & The Caribbean division when ...
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22nd February 2019
Weston Hicks, Chief Executive Officer (CEO) of Alleghany Corporation, has said that the firm's reinsurance arm, Transatlantic Reinsurance Company (TransRe), has reduced its catastrophe exposure in response to concerns about growing climate risks and other adverse market conditions.
In a letter to shareholders, Hicks addressed the challenge of writing catastrophe business ...
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