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TransRe Receives Authorization/Group Rating For UK Subsidiary

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TransRe today announced that the UK’s Prudential Regulation Authority and Financial Conduct Authority have authorized TransRe London Limited to commence writing general reinsurance business with immediate effect.

TransRe London Limited has received the financial strength rating of A+ and the counterparty credit rating of A+ from Standard & Poor’s. The outlook assigned to both ratings is stable.

TransRe London Limited has received the financial strength rating of A (Excellent) and the issuer credit rating of a+ from A.M. Best. The outlook assigned to both ratings is stable.

These ratings are the same as those assigned to Transatlantic Reinsurance Company, the parent company of TransRe London Limited.

For all business enquiries, contact:

Paul Bonny, Chief Executive Officer

 
TransRe London Limited

T +44 (0)207 204 8602

Corn Exchange, 55 Mark Lane

pbonny@transre.com

London EC3R 7NE

About TransRe

TransRe is the brand name for Transatlantic Holdings, Inc. and its subsidiaries (including Transatlantic Reinsurance Company). TransRe, wholly owned by Alleghany Corporation (NYSE-Y), is a reinsurance organization headquartered in New York with operations worldwide. Since 1978, TransRe has been offering its clients the capacity, expertise and creativity necessary to structure programs across the full spectrum of property and casualty risks. Visit www.transre.com for additional information.

Copyright Business Wire 2010

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