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


  • We form exclusive broker market underwriting relationship with Gen Re


  • TransRe has more than $350 million of sidecar capacity
  • We agree commutation and release of asbestos and other reserves with AIG


  • We continue to expand globally, with new offices in Singapore and Dubai*
  • We establish a new UK subsidiary, TransRe London Limited
  • We host our first Munich Liability Forum and our first Shanghai International Catastrophe Risks Forum
  • FAIRCO and Fair American Select assume US business to help support our customers’ needs
  • We formalize TransRe Capital Partners to bring all third party capital activities under one roof

2013 / 2014

  • Mike Sapnar succeeds Bob Orlich as our Chief Executive
  • We merge with Alleghany Corporation


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


  • TransRe sponsors Pangaea Reinsurance I, Ltd., the first in the Pangaea sidecar series


  • AIG sells down stake and is no longer a related party

2009 / 2010

  • We continue to expand globally, with new offices in Panama City, Munich and Hamilton, and we appoint a Scandinavian representative in Stockholm

2006 / 2008

  • Four major hurricanes (Charley, Frances, Ivan, and Jeanne) in 2004 are followed by three major hurricanes (Katrina, Rita, and Wilma) in 2005, triggering significant re-rating of cat exposures
  • We expand our U.S. office network and establish our U.S. Direct team

2004 / 2005

  • Catastrophic events during the year also signal end of the soft cycle in the casualty market
  • Despite the year’s events, we post a net profit


  • TransRe opens office in Sydney


  • TransRe opens offices in Rio de Janeiro and Shanghai, and appoint a representative in Johannesburg


  • TransRe opens our Paris office
  • We acquire Guardian Re and rename it TransRe Zurich Ltd.
  • Together, we use our new offices to serve continental Europe, bringing our underwriting philosophy and flexibility to provide new and creative solutions to our new customers
  • In addition, we expand our Latin America operations by opening our Buenos Aires office

1995 / 1996

  • Bob Orlich succeeds Joe Taranto as our Chief Executive
  • We form a new Asia management team to accelerate our regional growth


  • TransRe continues our global expansion by establishing a Latin America & the Caribbean Division, based in Miami
  • We continue our product expansion by creating a team to write surety, credit and guarantee programs worldwide


  • We secure an underwriting “box” at Lloyds to enhance our visibility in the London Market
  • Hurricane Andrew causes the worst losses in the industry’s history


  • Further corporate structural changes take place in anticipation of our listing on the New York Stock Exchange. These changes include FAIRCO joining our group
  • A.M. Best Company awards us our first “A” (Excellent) rating
  • By the end of 1991, our stockholders equity exceeds U.S. $1 billion for the first time
  • Significant industry losses are generated by Hurricane Bob, Japanese typhoons and the Oakland Fires

1990 / 1991

  • Our total assets reach U.S. $1 billion for the first time


  • TransRe forms first unit dedicated to developing specialty casualty lines


  • We open our Hong Kong office


  • Joe Taranto becomes our Chief Executive


  • Our international expansion continues, with new offices in London and Tokyo
  • We are the first overseas reinsurer licensed to conduct business in Japan


  • Transatlantic Reinsurance Company is formed in New York as a facultative reinsurance division for AIG
  • We expand our product line and started writing treaty reinsurance
  • Tom Tizzio takes over as our Chief Executive


  • We are formed in New York as a facultative reinsurance division for AIG
  • We are founded with less than $50 million of initial capital, we were founded on the principles of offering constructive, flexible solutions backed by rock solid financial security.
  • Al Weber is appointed as our first Chief Executive
  • We write our first business on 1/1/78

1977 / 1978

*Regulated by the Dubai Financial Services Authority