Reinsurer Transatlantic Holdings (TRH) said today it has entered into a confidentiality agreement and commenced discussions with an unnamed additional party regarding potential strategic alternatives.
The confidentiality agreement is in addition to the previously announced confidentiality agreements the company entered into with Validus Holdings (VR), Berkshire Hathaway's (BRKa, BRKb) National Indemnity Company, and an additional undisclosed third party.
In September, Transatlantic announced it had terminated an agreement to be acquired by Allied World Assurance Company Holdings (NASDAQ:AWH).
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