TransRe was formed in
New York City, USA in 1977 as a facultative
Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insu ...
division of
AIG and wrote its first business on January 1, 1978. Its second office opened in Toronto in 1980, followed by expansion to Europe (London) and Asia Pacific (Tokyo) in 1982.
From 1991–2012 the company was traded on the
NYSE. Following the merger of 2012, TransRe is a wholly owned subsidiary of
Alleghany Corporation.
Operations
TransRe provides all Property & Casualty Reinsurance product lines, on both a treaty and facultative basis, through brokers and directly, to insurance companies worldwide.
The company has four regional divisions, and four principal operating divisions:
References
External links
*
International Insurance Groups promote microinsurance, January 22 2015, Business Insurance News 1/22/2015A M Best Company, Inc.TransRe buys 45% stake in Paraguayan insurerAlleghany Annual Letter 2014 Alleghany Corporation
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American International Group
Financial services companies established in 1977
Reinsurance companies