TransRe re-domiciles Zurich subsidiary to Luxembourg
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, has re-domiciled its Zurich subsidiary to Luxembourg and has renamed it as TransRe Europe.
The company said it has received all necessary regulatory approvals for the re-domiciliation.
TransRe Europe will be led by Jonathan Hewitt as CEO. He has relocated to Luxembourg to take up his new responsibilities.
The company's offices in Munich, Paris, Zurich and Dubai will continue to serve customers and brokers throughout the region.
Paul Bonny, president of TransRe’s European and Asia Pacific businesses said: “We are delighted to have simplified our corporate structure to enhance our long-term ability to provide underwriting support, reinsurance capacity, financial security and prompt accounting and claims settlement to our Continental European, Middle Eastern and North African customers and brokers.”
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