History

A History of Success Built on Service, Innovation and Attention to Detail

Transatlantic Reinsurance Company was founded in 1977 with less than $50 million of capital. Since then, we have built the company by offering constructive, flexible solutions backed by our promise to pay. Throughout, we have stuck to our principles: get close to our customers (so we better understand your needs); employ the best talent (so we can better serve you); invest in the best technology (so we can better analyze the risks we assume). We have priced and assumed the most complex of risks, and we provided the most flexible, transparent, and economic capital protection available.

A Global Property and Casualty Franchise

Today, Transatlantic Reinsurance Company has more than 90 times our starting capital, more than 60 times our starting staff, and 23 times more offices, but we are still one team. We combine global reach, strong financials, broad product offerings and wide ranging market expertise to be recognized industry leaders, offering insights into emerging risks and exposures.  

The Future – Continuing to Adapt to Continuous Change

In return for current premiums, we promise to pay future claims. Honoring that promise requires the strength of our analysis and our balance sheet. We believe that a company that diversifies its sources and lines of business, its customers, team members and leaders is a company that can accurately value risk.

Our Timeline

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  • Kenneth Brandt appointed CEO

2021
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  • Renewed our collaborative commitment to Blue Marble Microinsurance and the National Coastal Resilience Fund

2020
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  • Established new subsidiary, TransRe Europe S.A. in Luxembourg

2019
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  • Exclusive renewal rights agreement with Maiden Re
  • Committed to the National Coastal Resilience Fund

2018
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  • Celebrated 40 years in business
  • Established TransRe Capital Partners

2017
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  • Established exclusive broker market underwriting partnership with Gen Re

2016
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  • Founding member of Blue Marble Microinsurance consortium

2015
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  • Established UK subsidiary, TransRe London Limited
  • New offices in Singapore & Dubai
  • FAIRCO and Fair American Select assumed U.S. business to help support our customers’ needs

2013 / 2014
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  • Mike Sapnar appointed CEO
  • Alleghany acquired TransRe

2012
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  • TransRe created a new Gibraltar subsidiary, Calpe, to support our customers’ needs

2011
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  • AIG sells down stake, no longer a related party
  • TransRe sponsored Pangaea Reinsurance I, Ltd., first in the Pangaea sidecar series

2009 / 2010
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  • New offices in Panama City, Munich & Stockholm

2006 / 2008
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  • Multiple hurricanes triggered significant re-rating of property exposures
  • Established our U.S. Direct team

2004 / 2005
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  • Catastrophic events signaled end of casualty market soft cycle

2001
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  • New office in Sydney

2000
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  • New offices in Rio de Janeiro, Shanghai & Johannesburg

1999
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  • New offices in Paris, Zurich & Buenos Aires

1995 / 1996
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  • Bob Orlich appointed CEO

1994
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  • Established Latin America & Caribbean Division in Miami

1993
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  • Hurricane Andrew caused the worst industry losses to date

1992
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  • Listed on the NYSE
  • A.M. Best Company awarded us our first “A” (Excellent) rating
  • End of 1991, our stockholders equity exceeded U.S. $1B

1990 / 1991
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  • Total assets exceeded $1B

1988
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  • TransRe formed first unit dedicated to developing specialty casualty lines

1987
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  • New office in Hong Kong
  • Joseph Taranto succeeded Robert Huggins as CEO

1985 / 1986
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  • New offices in London & Tokyo
  • First overseas reinsurer licensed to conduct business in Japan

1982
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  • First non-U.S. office opened in Toronto
  • Tom Tizzio succeeded Al Weber as CEO

1980
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  • Transatlantic Reinsurance Company formed as a facultative reinsurance division of AIG in New York
  • Founded with $48M initial capital, we were founded on the principles of offering constructive, flexible solutions backed by rock solid financial security
  • We wrote our first business on 1/1/78

1977 / 1978

*Regulated by the Dubai Financial Services Authority


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