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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  • We establish new subsidiary, TransRe Europe S.A. in Luxembourg

2019
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  • We secure exclusive renewal rights agreement with Maiden Re

2018
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  • We celebrate 40 years of business with our customers and brokers

2017
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  • We form 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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  • 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
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  • Mike Sapnar appointed CEO
  • Alleghany Corporation acquires 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 and is no longer a related party
  • TransRe sponsors Pangaea Reinsurance I, Ltd., the first in the Pangaea sidecar series

2009 / 2010
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  • We continue to expand globally, with new offices in Panama City, Munich and Hamilton, and we appoint a Scandinavian representative in Stockholm

2006 / 2008
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  • Multiple hurricanes trigger significant re-rating of property exposures
  • We expand our U.S. office network and establish our U.S. Direct team

2004 / 2005
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  • Catastrophic events during the year signal end of casualty market soft cycle

2001
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  • TransRe opens office in Sydney

2000
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  • TransRe opens offices in Rio de Janeiro and Shanghai, and appoint a representative in Johannesburg

1998
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  • TransRe opens new offices in Paris, Zurich and Buenos Aires
  • 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

1995 / 1996
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  • Bob Orlich succeeds Joseph Taranto as our Chief Executive
  • We form a new Asia management team to accelerate our regional growth

1994
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  • TransRe continues global expansion and establishes a Latin America & Caribbean Division in Miami
  • We continue our product expansion by creating a team to write surety, credit and guarantee programs worldwide

1993
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  • 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

1992
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  • 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
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  • Our total assets exceed $1 billion

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

1987
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  • TransRe opens office in Hong Kong
  • Joseph Taranto becomes new Chief Executive

1985 / 1986
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  • Our international expansion continues, with new offices in London and Tokyo
  • We are the first overseas reinsurer licensed to conduct business in Japan

1982
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  • We open our first non-U.S. office in Toronto
  • Tom Tizzio takes over as Chief Executive

1980
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  • Transatlantic Reinsurance Company is formed in New York as a facultative reinsurance division of AIG
  • 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


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