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3 July 2019Insurance

TransRe re-domiciles Zurich subsidiary to Luxembourg

TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, has re-domiciled its Zurich subsidiary to Luxembourg and has renamed it as TransRe Europe.

The company said it has received all necessary regulatory approvals for the re-domiciliation.

TransRe Europe will be led by Jonathan Hewitt as CEO. He has relocated to Luxembourg to take up his new responsibilities.

The company's offices in Munich, Paris, Zurich and Dubai will continue to serve customers and brokers throughout the region.

Paul Bonny, president of TransRe’s European and Asia Pacific businesses said: “We are delighted to have simplified our corporate structure to enhance our long-term ability to provide underwriting support, reinsurance capacity, financial security and prompt accounting and claims settlement to our Continental European, Middle Eastern and North African customers and brokers.”

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12 August 2019   The reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation has unveiled several changes to its regional leadership teams and its global business development function. TransRe said the changes are designed to better position the company to take advantage of current and future market opportunities.
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12 April 2019   TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition.
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10 September 2018   TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is planning a subsidiary in Luxembourg as it looks to restructure and bolster its presence in the European Union.