TransRe

A bright future for a flourishing APAC

Rob Saville, TransRe’s president of Asia Pacific, outlines where he sees the reinsurance opportunities and risks in this fast-growing region.

Nat cat in Europe: a market focused on disaster mitigation

Julien Mollinier, president of EMEA at TransRe, discusses the challenges and opportunities across the European property and casualty markets.

Navigating challenges in the US casualty market

TransRe’s Keith Trigg and Tom Loverde discuss the challenges facing the US casualty market.

US casualty: ‘It’s half-time in America’

TransRe’s Keith Trigg examines the ongoing challenges in US casualty.

TransRe promotes Kališnik and Liu to cyber leadership roles

TransRe has promoted Tina Kališnik to global portfolio leader, cyber and Diana Liu to US cyber underwriting leader.

Berkshire’s UW profits surge to $3.3bn as Geico’s gain more than doubles to $1.9bn

Berkshire Hathaway’s underwriting profits almost tripled to $3.3bn in the first quarter driven by huge pick ups in its primary insurance and reinsurance groups, and most significantly powered by Geico, where underwriting profits more than doubled to $1.9bn.

NormanMax adds TransRe's head of ceded retro Korobeinikova as director of underwriting

Fort Lauderdale, Florida-based MGA NormanMax Insurance Solutions has appointed Tanya Korobeinikova, former head of ceded retro at TransRe, as its new director of underwriting.

Berkshire Hathaway’s insurance ops drive 28% increase in Q4 operating earnings

Berkshire Hathaway’s insurance operations delivered underwriting profits that increased by more than fivefold in the fourth quarter from $160mn to $848mn along with a 38% increase in investment income that was the main driver of operating earnings at the investment conglomerate climbing 28 percent to $8.48bn.

TransRe: Further US public D&O price cuts will push market LR beyond profit point

Continued US public D&O price decreases will in 2024 push the market’s loss ratio past the point where it will return a profit, according to TransRe, with the reinsurer “confused” by the current state of the underlying sector and its recent 18 months of rate decreases.

Reinsurance in Europe – the 2023 view

TransRe’s new president of EMEA, Julien Mollinier, joins European chief business development officer Rüdiger Skaletz to discuss the state of reinsurance in the region.

TransRe adds Aspen’s Mollinier as EMEA president

TransRe has bolstered its European leadership team with the hire of Julien Mollinier as president of EMEA, with the experienced new recruit joining from Aspen.

Generative AI creates a ‘Promethean point’

As the world adopts generative AI and adapts the technology to various business needs, the flame of artificial intelligence is spreading quickly. As Prometheus discovered, the risks inherent in powerful newfound knowledge can be severe. TransRe’s Otakar G Hubschmann explores some of the risks generated by generative AI.

Rising verdict severity ripples through casualty lines

As liability/casualty writers adjust to ever-increasing verdicts, TransRe’s Rich Henderson analyses the causes and consequences of such decisions.

Geico moves to $514mn UW gain in Q2 as Berkshire UW income nearly doubles to $1.6bn

Geico sustained its improved underwriting results in the second quarter, reporting a $514mn gain in the period, which helped drive Berkshire Hathaway’s insurance operations to a $1.6bn pre-tax underwriting gain in the period.

TransRe’s Brandt: Industry “evolution” behind lack of hard market reinsurer formations

The lack of new reinsurer formations to take advantage of the hard market is down to the industry’s evolution with capital no longer finding homes in traditional companies but instead being deployed in third-party vehicles, sidecars and catastrophe bonds, TransRe’s Ken Brandt believes.

Berkshire’s $911mn Q1 UW gain propelled by Geico’s shift to $703mn UW profit

Berkshire Hathaway’s underwriting profit climbed to $911mn in the first quarter - from $167mn a year ago - propelled by auto insurer Geico’s dramatic swing to a $703mn gain after having a $178mn underwriting loss a year ago.

London-founder Bonny to retire from TransRe role but will remain as non-exec

TransRe executive vice chairman Paul Bonny is set to retire from his role on 1 May, more than 40 years after he established the group’s London office.

TransRe’s Finlay makes return to Aon in casualty and PL role

Aon’s Reinsurance Solutions business has continued its recent run of adding senior talent from (re)insurance carriers with the hire of Brian Finlay from TransRe to its casualty and professional liability unit, The Insurer can reveal.

AM Best upgrades Alleghany units after Berkshire puts support in place

AM Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A++ (Superior) from A+ (Superior) of Alleghany subsidiaries TransRe, RSUI and CapSpecialty following new ultimate parent Berkshire Hathaway putting in place “significant internal reinsurance support”.

Berkshire receives regulatory approval for Alleghany acquisition

Berkshire Hathaway and Alleghany Corporation have received all regulatory approvals relating to the $11.6bn acquisition of Alleghany, which is now expected to close on 19 October.

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