TransRe
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TransRe’s combined ratio was 11.8 points better in Q2, hitting 91.1%. -
The moves follow Ken Brandt’s elevation to the CEO post this spring.
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TransRe had acted as the exclusive underwriting manager on behalf of GenRe for US and Canadian P&C treaty business.
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He is succeeded in the role by TransRe’s co-president of global underwriting Ken Brandt.
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Justin Yacono has joined the start-up MGU from WKFC Underwriting Managers.
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The move is the latest sign that the reinsurer is expanding its exposure to the InsurTech and program management markets.
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Casualty rates and T&Cs should improve for 24-36 months, the executive said.
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Maiden sold the $800mn diversified reinsurance book to TransRe in August last year.
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Latin America offers potential to grow as the reinsurer welcomes Jorge Beltran as regional president.
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