TransRe News

More PFAS Numbers: How Much Will It Cost?

A $165 billion high-range estimate of losses from PFAS litigation isn't the only number about cost burdens that casualty actuaries heard at the CAS Seminar on Reinsurance ...

AM Best Ups Reinsurance Outlook to Positive

Decelerating reinsurance rate increases aren't a worry for AM Best analysts who have revised the global reinsurance segment outlook to positive from stable, citing "robust profit margins" as a driver ...

Liability Reinsurance Crisis Could Be Looming, CEO Says

"There could be a liability crisis in reinsurance in a couple of years," a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the ...

Executives on the Move at Millers, Gallagher Re, TransRe

Millers Mutual Insurance, a niche property/casualty insurer for multifamily housing, has named Jeffrey Pratt as president and chief executive officer, effective Sept. 16, 2022. Pratt joined Millers ...

How Warren Buffett Does a Deal: Alleghany Merger Backstory

Berkshire Hathaway didn't require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in ...

CEO Views: Successes and Failures in Dealing With Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons ...

TransRe CEO Sapnar Will Depart; Brandt to Succeed Him

TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity. He'll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe's ...

Pandemic Losses Will Exceed S&P Estimates: Chief Risk Officers Say

Analysts for Standard & Poor's Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. Risk officers speaking at a rating agency ...

TransRe Grabs Some U.S. Renewal Rights From Maiden Re, Whose North America Arm Is for Sale

TransRe has acquired the renewal rights to Maiden Re's U.S. treaty reinsurance underwriting business for an undisclosed price, even as talks to sell Maiden's North America arm are in "advanced ...