Gen Re and TransRe Form Exclusive Broker Market Underwriting Relationship
This new arrangement provides brokers and intermediaries access to Gen Re's traditionally direct-only capacity through a new underwriting platform fully managed by TransRe. By leveraging TransRe's underwriting acumen, claims expertise and broker relationships across the combined financial strength of the two companies, the new facility will deliver enhanced solutions to the reinsurance market including broader capacity and line size, while providing consistency and assurance in execution.
"This arrangement between Gen Re and TransRe creates a unique and compelling new capability in the North American broker reinsurance market. We are combining the strengths, capacity, and reputations of two outstanding organizations to enable improved panel diversification and creditworthiness with one-stop seamless service," said TransRe President and CEO
Michael Sapnar.
Kara Raiguel, Gen Re President and CEO, commented, "We are enthusiastic about partnering with TransRe to bring Gen Re's industry-leading security to clients through the brokered market. TransRe's proven underwriting track record and excellent broker relationships make them the ideal partner for Gen Re for this important long-term strategic initiative."
The facility is expected to be available for U.S. and Canadian broker market treaty business written on and after
Additional information regarding the agreement can be found at www2.transre.com/in-the-news/.
About Gen Re
Gen Re, a
About TransRe
TransRe is a reinsurance organization headquartered in
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