TRANSAMERICA &lt;TA> UNIT BUYS REINSURANCE UNIT
  Transamerica Insurance Group, the
  main property-liability insurance operation of Transamerica
  Corp, said it signed a definitive agreement to acquire a
  newly-formed insurer, Commerical Risk Underwriters Insurance
  Co, from &lt;Clarendon Group Ltd>.
      Transamerica said the unit, which will be renamed
  Transamerica Reinsurance Co, will initially be capitalized at
  about 185 mln dlrs.
      Transamerica said the acquisition represents its first move
  into specialty treaty reinsurance.
      The company said about 28 members of Clarendon will join
  Transamerica as part of the acquisition, which is expected to
  close in November and is subject to various regulatory
  approvals.
  

