TransRe hands CFO newly created leadership role

Alleghany-owned global reinsurer  TransRe has expanded the role of its chief financial officer (CFO) with the additional responsibility of operations as part of its strategy to enhance key areas of performance.

Matt Mahoney has been appointed to the newly created role of chief operating officer (COO).

In addition to his continuing responsibilities for finance and accounting, Mahoney will also assume responsibility for the strategic direction of  TransRe’s legal, regulatory, audit and information technology departments.

As part of these changes,  TransRe has promoted Brian Gallahue to deputy chief financial officer, in which role he will continue to report to Mahoney.

Mahoney joined  TransRe in 2008 from Pricewaterhouse Coopers’ insurance practice, since when he has assumed roles of increasing responsibility, most recently promoted to chief financial officer in 2015.

In that role, he has led the evolution of the finance and accounting department to meet the demands of an increasingly complex global operating environment”,  TransRe said. He led the successful onboarding of a new global general ledger, the restructuring of the tax department and the optimisation of  TransRe's capital structure.

Mahoney will continue to report directly to Ken Brandt (pictured), chairman, president and CEO of  TransRe.

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