TransRe
| Company type | Subsidiary |
|---|---|
| Industry | Reinsurance |
| Predecessor | Facultative reinsurance branch within AIG |
| Founded | 1977 |
| Fate | Acquired by Alleghany Corporation in 2012; Alleghany acquired by Berkshire Hathaway in 2022 |
Area served | Worldwide |
| Products | Treaty and facultative Property & Casualty reinsurance |
| Parent | Berkshire Hathaway (via Alleghany Corporation) |
TransRe was established in 1977 to deliver reinsurance solutions across property, casualty, and specialty risk sectors.
TransRe serves as the trade name for Transatlantic Holdings Inc. and its affiliated entities, including Transatlantic Reinsurance Company. It was listed on the NYSE from 1991 until 2012. In 2012, TransRe became a fully owned subsidiary of Alleghany Corporation, which itself was acquired by Berkshire Hathaway in October 2022.
History
Initially created as a facultative reinsurance branch within AIG, TransRe issued its first policy on January 1, 1978.
The company pursued early international expansion by establishing offices in Toronto (1980), London and Tokyo (1982), Hong Kong (1985), and Miami to serve Latin America and the Caribbean (1993). Further global presence was developed with additional locations in Paris, Zurich, Munich, Buenos Aires, Rio de Janeiro, Singapore, Shanghai, Johannesburg, Sydney, Hamilton, and Luxembourg.
Operations
TransRe provides both treaty and facultative Property & Casualty reinsurance through broker intermediaries and direct insurer partnerships worldwide. Its business is segmented into regional divisions: North America; Latin America & The Caribbean; Europe, Middle East & Africa; and Asia Pacific, operating from more than 20 offices across 16 countries.
The company’s six main operating subsidiaries include:
| Key Operating Subsidiaries |
|---|
| 1. Transatlantic Reinsurance Company |
| 2. TransRe London Limited |
| 3. TransRe Europe S.A. |
| 4. Fair American Insurance and Reinsurance Company |
| 5. Fair American Select Insurance Company |
| 6. Calpe Insurance Company Limited |