Transit Reinsurance, Ltd. is a member owned captive domiciled in the State of Vermont and incorporated in 2004. Transit RE began writing liability reinsurance risks in 2005 and property reinsurance risks in 2006.
Entities eligible include state-wide transit authorities, risk sharing groups (pools) comprised in whole or in part of public transit authorities/agencies and individual public transit authorities/agencies.
Each eligible entity must be exempt from federal income taxation and otherwise meet the underwriting, loss control, financial, and capitalization requirements adopted by the Transit RE Board of Directors.
Transit RE is a tool to help stabilize ever changing property and casualty costs for public transit. We have achieved this goal through pooling, group purchasing and self-insurance.