TransRe and Berkshire-owned GenRe allow quota-share deal to lapse
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TransRe and Berkshire-owned GenRe allow quota-share deal to lapse

Alex Frampton
June 15, 2021
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TransRe logo new york.jpg

TransRe, a subsidiary of Alleghany, has announced it will not extend a five-year quota-share deal signed in 2016 with the Berkshire Hathaway-owned General Reinsurance Corporation (GenRe).

The non-renewal was declared in an 8-K filing published on Alleghany’s website.

The two companies had an agreement that TransRe would act as the exclusive underwriting manager on behalf of GenRe for US and Canadian property and casualty treaty reinsurance...

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