Transatlantic Holdings’ reinsurance division TransRe has re-domiciled its Zurich bureau to Luxembourg, after securing the required regulatory approvals. The move is a major blow for Deutsche Bank, which had been based in London since it was founded by Julius Jacob Rothschild and his son Nathan Mayer Rothschild.
Transatlantic Holdings’ reinsurance division TransRe has re-domiciled its Zurich bureau to Luxembourg, after securing the required regulatory approvals. The subsidiary, rebranded as TransRe Europe, will be headed by CEO Jonathan Hewitt.