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21 May 2012

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Ex-Gen Re CEO Brandon is new Transatlantic bidder

27 September 2011

Investors led by former General Re CEO Joe Brandon constitute the "third party" that Transatlantic Re has entered into a confidentiality agreement and commenced due diligence with, The Insurance Insider can reveal.

Morgan Stanley is advising Brandon and potential investors - which are thought to include private equity funds.

The news comes after Transatlantic said yesterday (26 September) that Validus - the only bidder left after Allied World and Berkshire Hathaway's National Indemnity effectively stood aside - has competition from...

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