TransRe-Gen Re premiums pass $350mn

Premium volume written by TransRe on behalf of Berkshire
Hathaway's Gen Re hit $350mn in the first year of the exclusive
North American broker market underwriting partnership between the
two reinsurers.
The total was revealed by TransRe's parent Alleghany
Corporation as it reported a strong increase in profit but
nonetheless missed Wall Street earnings forecasts.
Alleghany's operating profit more than doubled to $98.2mn
from $45.7mn, bolstered by improved underwriting performance in
insurance an