Berkshire’s TransRe Announces Major Change In Executive Leadership

(BRK.A), (BRK.B)

On May 1, 2023, TransRe will experience a major leadership transition as Executive Vice Chairman, Paul Bonny, retires after 41 years with the company. Bonny founded the company’s International division when he opened the London office in 1982. Over the years, he has built a team of almost 200 professionals in eleven offices across eight time zones and played a pivotal role in creating the global reinsurance brand that TransRe is today.

Despite his retirement, Bonny will remain a valuable asset to the company in his ongoing role as a non-Executive Director of TransRe. His contributions have not gone unnoticed, with Ken Brandt, CEO of TransRe, acknowledging Bonny’s significant impact on the company and the wider international markets.

Brandt said, “Paul has been an institution both at TransRe and across the London and international markets throughout my reinsurance career. For the past seventeen years, I have been able to call on his advice and counsel, and I have been lucky enough to call him my friend. I wish Paul and Sue a long and healthy retirement together.”

TransRe, founded in 1977, is the brand name for Transatlantic Holdings, Inc. and its subsidiaries, including the Transatlantic Reinsurance Company. The company is a wholly owned subsidiary of Alleghany Corporation, which was recently acquired by Berkshire Hathaway.

With Bonny’s legacy intact and a new era of leadership on the horizon, TransRe is poised to continue its success in the reinsurance industry.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.