TransRe Redomiciles to Luxembourg from Switzerland
Non-life reinsurer TransRe in July 2019 completed the redomiciliation of its Swiss subsidiary, TransRe Zurich, to Luxembourg. Owner Transatlantic Holdings had announced the move in September 2018.
TransRe Zurich changes its name to TransRe Europe in the process. In addition to P/C, the company also reinsures Accident & Health risks.
The continental European offices in Munich, Paris and Zurich, as well as Dubai, become branch offices of Luxembourg.
TransRe is the brand name for Transatlantic Holdings and its subsidiaries, including Transatlantic Reinsurance Company. The company was formed in 1977 as a facultative reinsurance division for AIG and is wholly owned by Alleghany Corporation since 2009-2010.