August 2013/4

The news that Transatlantic Re is to capitalise a $500mn legal entity in London is more good news for the UK's standing as a respected domicile from which to base EU operations.

Transatlantic Reinsurance Company (TransRe) is to form a new $500mn capitalised UK-licenced (re)insurance company which will be both the underwriting and capital hub for the New York-headquartered firm's European operations, The Insurance Insider can reveal.