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Transatlantic Holdings Inc.
It will be offered to investors with a new coupon price guidance of 4.5%.
The deal would provide reinsurance protection to Transatlantic Reinsurance Co. as well as named subsidiaries TransRe London Ltd., TransRe Zurich, Fair American Insurance & Reinsurance Co. and Fair American Select Insurance Co. against losses from named storms, earthquakes and severe thunderstorms across the United States, Puerto Rico, Canada, the U.S. Virgin Islands and District of Columbia.