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TransRe CEO Sapnar to Step Down, Succeeded by Brandt
March 16, 2021
TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity.
He’ll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe’s co-president of Global Underwriting, will succeed him. A member of TransRe’s senior leadership team since 2006, Brandt will also continue to serve on the company’s board of directors.
Weston Hicks, president and CEO of TransRe parent Alleghany Corp., said Sapnar’s leadership has been transformational.
“In early 2012, Alleghany had the good fortune to acquire TransRe and over the following nine years, TransRe produced $849 million of underwriting profits and a 97.5 combined ratio despite a multitude of significant catastrophes during this period. This strong record is due in no small part to the enormous contributions from [Sapnar], who is a terrific leader, a ....

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