TransRe sidecar assets grow to $500 million
Posted On: Feb. 27, 2017 5:00 AM CSTA sidecar operated by TransRe Capital Partners, a unit of U.S.-based Transatlantic Reinsurance Co. Inc., has grown to $500 million, Pangaea Reinsurance Ltd., Artemis.bm reports. "TransRe … places a significant amount of business through retrocessions with third-party capital providers," said Weston Hicks, president of U.S.-based property/casualty insurer and reinsurer Allegheny Corp., TransRe's parent.