TransRe Receives Authorization/Group Rating For UK Subsidiary
TransRe London Limited To Build On Thirty Years Of Commitment To London Market
NEW YORK--(BUSINESS WIRE)-- TransRe today announced that the UK's Prudential Regulation Authority and Financial Conduct Authority have authorized TransRe London Limited to commence writing general reinsurance business with immediate effect.
TransRe London Limited has received the financial strength rating of A+ and the counterparty credit rating of A+ from Standard & Poor's. The outlook assigned to both ratings is stable.
TransRe London Limited has received the financial strength rating of A (Excellent) and the issuer credit rating of a+ from A.M. Best. The outlook assigned to both ratings is stable.
These ratings are the same as those assigned to Transatlantic Reinsurance Company, the parent company of TransRe London Limited.
For all business enquiries, contact:
| Paul Bonny, Chief Executive Officer | ||
| TransRe London Limited | T +44 (0)207 204 8602 | |
| Corn Exchange, 55 Mark Lane | pbonny@transre.com | |
| London EC3R 7NE |
About TransRe
TransRe is the brand name for Transatlantic Holdings, Inc. and its subsidiaries (including Transatlantic Reinsurance Company). TransRe, wholly owned by Alleghany Corporation (NYSE-Y), is a reinsurance organization headquartered in New York with operations worldwide. Since 1978, TransRe has been offering its clients the capacity, expertise and creativity necessary to structure programs across the full spectrum of property and casualty risks. Visit www.transre.com for additional information.
Contacts
TransRe
Thomas V. Cholnoky, 212-365-2292
Source: TransRe
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