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TransRe
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One Liberty Plaza 165, New York ReinsuranceCompany Profile
TransRe is a leading international Reinsurer, writing $5.9bn of premium annually. We are a global organization with more than 650 employees spread across 21 offices in 16 Countries, headquartered in New York. Our parent company is Alleghany, who was acquired by Berkshire Hathaway in 2022. We remain an independently managed organization but benefit from the significant capital strength of Berkshire Hathaway and superior financial strength ratings of AA+. Founded in 1977, TransRe has been supporting Trade Credit and Surety business since the early 1990’s. We are a Lead player in the American and Lat Am Surety market (written from our New York and Miami offices) and a significant Global Trade Credit and Political Risk player (where the underwriting centers of expertise are based in London and Paris). The team has over 200 years collective experience in supporting Surety, Trade Credit and Political Risk business. Our strategy is to go deeper not wider in these Classes, partnering with established companies and teams that have a proven track record and ability to manage through the economic cycle, and we do not write any primary or direct business.
History
Transatlantic Reinsurance Company was founded in 1977 with less than $50 million of capital as a facultative reinsurance division of AIG in New York. TransRe was founded on the principles of offering constructive, flexible solutions backed by rock solid financial security. By 1982, TransRe had already branched out to Canada, London and Tokyo (as the first overseas Reinsurer licensed to conduct business in Japan). By 1988, TransRe had total assets exceeding $1bn. In 1990, TransRe listed on the New York stock exchange and we were awarded our first A excellent rating from A M Best. By 2009 AIG sold down it’s stake in TransRe and was no longer a related party, and in 2012 TransRe was acquired by Alleghany. In 2022 Berkshire Hathaway acquired Alleghany.
TransRe Leadership
Ken Brandt – Chairman, President and CEO
Matthew Mahoney – Chief Operating Officer
Brian Gallahue – Chief Financial Officer
Cedric Lobo – Chief Risk Officer
James Whitelaw – Chief Marketing Officer