Berkshire deal gives TransRe ‘the biggest boat’ at key time: CEO Brandt
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Berkshire deal gives TransRe ‘the biggest boat’ at key time: CEO Brandt

TransRe logo ny with Brandt.jpg

Berkshire Hathaway’s acquisition of Alleghany comes at “excellent” timing, said TransRe CEO Ken Brandt, but will not change the way the reinsurer operates its business.

“We're able to take more volatility under Berkshire, certainly from a balance sheet standpoint, but it doesn't mean we're willing to make bad bets in weak markets,” the executive said in an interview.

There

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