TransRe buys more retrocession in 2018

TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results.

The higher ceded premiums written were largely offset by increases in casualty premiums written by the European and Asia-Pacific operations and the impact of changes in foreign currency exchange rates, the firm added.