Reinsurance News


TransRe cat losses drive full year underwriting loss for Alleghany

21st February 2019

Investment holding company Alleghany Corporation has posted an underwriting loss of $161.5 million for the full-year 2018, which was partially driven by catastrophe losses incurred by its reinsurance arm, Transatlantic Reinsurance Company (TransRe). TransRe experienced $500.1 million of catastrophe losses in 2018, of which $167.2 million was attributable to Typhoon Jebi, ... Read the full article

TransRe to partner with insurtech Concirrus on marine reinsurance programs

26th November 2018

Transatlantic Holdings, the reinsurance arm of the Alleghany Corporation, is to partner with London-based insurtech Concirrus on the development of data-driven reinsurance programs for marine insurers. To better assess risk across its portfolio TransRe will be leveraging Concirrus’ Quest Marine insurance software. Quest provides a single web application to allow commercial ... Read the full article

New Paradigm receives investment from TransRe

12th November 2018

New Paradigm Group, a Florida-based developer of parametric insurance and risk transfer solutions, has announced that it has received an investment from global reinsurer TransRe, the reinsurance arm of Alleghany Corporation. New Paradigm is reportedly to use the proceeds to expand its proprietary parametric data platform and also to enhance its ... 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 looks to bolster European presence with Luxembourg subsidiary

10th September 2018

Transatlantic Holdings (TransRe), the reinsurance arm of the Alleghany Corporation, has announced plans for a subsidiary in Luxembourg as it looks to reorganise and strengthen its European presence. The new, simplified corporate structure will see TransRe Zurich re-domiciled and renamed while TransRe’s continental European offices in Munich, Paris, Zurich, and Dubai ... Read the full article

Maiden sells U.S. treaty reinsurance renewal rights to TransRe as it simplifies

30th August 2018

Bermuda-headquartered Maiden Holdings has announced the sale of its U.S treaty reinsurance underwriting business renewal rights to TransRe, in a deal that does not include its AmTrust Business or its International Insurance Services and Capital Solutions businesses in Europe. Concurrently, to ensure a successful transition for customers and brokers, Tom Highet, ... Read the full article

TransRe strengthens North America Property Treaty team

11th April 2018

TransRe has appointed Ben Hodge as leader of its North America Property Treaty team, and named John Fugit as a team underwriter. Hodge joined TransRe in 2014 and is currently Vice President of the North America Property Treaty team at the company’s Bermuda office, where he will remain as he continues ... Read the full article

TransRe promotes Geary to head of Cyber Liability team

10th April 2018

TransRe has announced that Elizabeth Geary has been appointed leader of its global Cyber Liability team, replacing recently departed cyber risk head Kara Owens. In her new role, Geary will oversee TransRe’s existing cyber business, and manage all risk analytics relating to cyber exposures. She will also support the development of new ... 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

Rate rises not sufficient for TransRe to grow its book significantly

22nd February 2018

Reinsurer Transatlantic Holdings (TransRe), part of the Alleghany Corporation, did not find the rate rises at the January renewals sufficient for it to greatly increase its risk appetite and expand its underwriting book. TransRe saw pricing in both the property and casualty reinsurance markets as improved in the fourth-quarter of 2017, ... Read the full article

Crosswinds Re enters into underwriting agreement with TransRe

4th July 2017

Crosswinds Re, the reinsurance subsidiary of Crosswinds Holdings Inc., has announced it's entered into an underwriting services agreement with Transatlantic Reinsurance Company (TransRe), which sees the latter act as a strategic advisor for Crosswinds Re's reinsurance operations. The Underwriting Agreement sees TransRe advise Crosswinds Re on pricing, structuring, risk assessment and ... Read the full article