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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
