TransRe was formed in New York City, USA in 1977 as a facultative Reinsurance division of AIG and wrote its first business on January 1, 1978. Its second office opened in Toronto in 1980, followed by expansion to Europe (London) and Asia Pacific (Tokyo) in 1982. From 1991–2012 the company was traded on the NYSE. Following the merger of 2012, TransRe is a wholly owned subsidiary of Alleghany Corporation.
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