‘Antique’ reinsurer model still has value: Sapnar
Transatlantic Re president and CEO Michael Sapnar admitted that the firm's classical reinsurance model may seem "a bit of an antique", but argued that the market will get an opportunity to regain value in the future.
Sapnar was speaking at The Insurance Insider's Pre-Monte Carlo Rendez-Vous briefing this morning.
Transatlantic Re batted away a bid from a legacy buyer during last year's takeover saga, which saw the company eventually bought by Alleghany. And Sapnar predicted that legacy interest would continue...
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