TransRe appoints chief operating officer

TransRe has named Matthew Mahoney to the newly created position of chief operating officer. In addition to his continuing responsibilities for finance and accounting, Mahoney will also assume responsibility for the strategic direction of TransRe’s legal, regulatory, audit and information technology departments.

As part of these changes, TransRe has promoted Brian Gallahue to deputy chief financial officer, in which role he will continue to report to Mahoney.

Mahoney joined TransRe in 2008 from Pricewaterhouse Coopers’ insurance practice, since when he has assumed roles of increasing responsibility, most recently promoted to chief financial officer in 2015.

In that role, he has” led the evolution of the finance and accounting department to meet the demands of an increasingly complex global operating environment”, TransRe said. He led the successful onboarding of a new global general ledger, the restructuring of the tax department and the optimisation of TransRe’s capital structure.

Mahoney will continue to report directly to Ken Brandt, chairman, president and CEO of TransRe.

Established in 1977, TransRe is the brand name for Transatlantic Holdings and its subsidiaries. TransRe, wholly owned by Alleghany Corporation, is a reinsurance organisation headquartered in New York with operations worldwide.