Transatlantic Reinsurance Co., a wholly owned subsidiary of Transatlantic Holdings, Inc., announced that it has invested $30 million in Kuwait Reinsurance Co. in exchange for a 40 percent interest.
Kuwait Re, founded in 1972, writes property/casualty and life reinsurance mainly in the Middle East and North Africa. Both companies expect to benefit from the partnership. Transatlantic Re will increase its presence in an expanding international market, and Kuwait Re will benefit “from the technical and marketing support that Transatlantic’s worldwide resources and broad experience can provide.”|”transatlantic, re, acquires, 40, percent, interest, in, kuwait, re
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
