TransRe merges North America and LatAm units; reshuffles leadership roles
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition.
Javier Vijil is retiring from his executive role during the third quarter of 2019, after 26 years with TransRe. He founded TransRe’s Latin America & The Caribbean division when he opened the Miami office in 1993.
Vijil will continue to offer advice and assistance in his new position as non-executive chairman of TransRe Latin America, as well as continuing to serve on the board of TransRe.
In Vijil’s place as president of Latin America & The Caribbean, the reinsurer has hired Jorge Beltran, who is rejoining TransRe after almost 12 years with Validus Re, most recently as head of treaty business for Latin America. In addition to his prior TransRe role, Beltran has prior leadership experience at Liberty Mutual, SCOR and Swiss Re.
Meanwhile, the newly-merged TransRe Americas will be led by Ken Brandt as president.
Mike Sapnar, president and chief executive of the group, said: “Javier has been an institution at TransRe since before I joined. I have always relied on his advice, and he is more than just a colleague – he is a mentor and I am proud to say a friend. I am delighted that he has accepted an ongoing role, both as a Director of TransRe and as our non-executive Chairman for Latin American and the Caribbean.”
“Javier and I have worked closely with Ken for the past thirteen years. Ken has travelled extensively in the region, and as a Senior Executive and Board member, is very familiar with the portfolio and its importance to TransRe," he added.
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