Menu

Reinsurance News

Transatlantic Holdings’ CEO departure unlikely to impact ratings: S&P

24th March 2021 - Author: Katie Baker

S&P Global Ratings has announced that Transatlantic Holdings’ Chief Executive Officer Mike Sapnar’s departure is unlikely to have any impact on its stable ratings.

S&P Global RatingsKen Brandt, currently TransRe’s co-President of global underwriting, will succeed Sapnar as President and CEO.

Brandt has been a member of TransRe’s senior leadership team since 2006. In addition, Paul Bonny, who is also co-President of global underwriting, has been named Executive Vice Chairman.

TransRe was acquired by Alleghany in 2012 which had enhanced the overall group’s competitive position in combination with its sister core subsidiary, RSUI Group.

However due to COVID-19-related losses, natural catastrophes, and soft casualty reinsurance pricing before 2020, the company’s underwriting performance has been lagging the past few years.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Constellation to acquire Ohio National in $1bn transaction

US insurance holding company Constellation has entered into an agreement to acquire Ohio National Mutual Holdings and its subsidiary Ohio...

Close