Transamerica Re Goes To Paris

A U.S. reinsurer with a European parent is trying to do more to crack the European life reinsurance market.

Transamerica Reinsurance, Charlotte, N.C., says it has opened a branch office in Paris and hopes the office will help it profit from trends such as the aging of the European workforce and a future shift to new “Solvency II” insurer solvency rules.

Transamerica Re is a unit of Transamerica Occidental Life Insurance Company, Los Angeles, which, in turn, is a unit of AEGON N.V., The Hague, Netherlands.

The Transamerica Re Paris office will sell risk-management, financing, product development and distribution services to European Union life insurers, Transamerica Re says.