Chaucer bolsters London A&H book with TransRe hireLloyd’s specialty insurer Chaucer has hired Sarfraz Pivano from Transatlantic Reinsurance Company to take up the role of accident & health treaty underwriter in its reinsurance division.
TransRe invests in New ParadigmUS cat MGU New Paradigm Group LLC has received an undisclosed capital injection from TransRe, the New York headquartered reinsurance group.
TransRe takes Q3 $196mn cat losses; Alleghany misses analysts’ consensusTransRe took $126.2mn of net cat losses from Typhoons Jebi and Trami in the third quarter as part of an overall net cat loss bill of $195.8mn.
Maiden in advanced talks to sell US arm as TransRe buys renewal rightsTroubled Bermudian Maiden has struck a deal to sell a portfolio to TransRe and revealed that it is in “advanced discussions” to offload its $1.1bn North American business to an as-yet-unnamed third party.
Reserve releases at TransRe drive surge in Alleghany profitsReserve releases within Alleghany’s reinsurance arm TransRe have driven a surge in the US firm’s profits, which climbed 51.8 percent to $174.6mn in the first quarter.