Transatlantic Re Elects New Officers

May 21, 2004

The Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc., announced at a regularly scheduled meeting that it has elected a number of officers.

Paul McKeon – Senior Vice President; Gary Schwartz – Senior Vice President & General Counsel; Lee Taylor – Senior Vice President; Eric Hoppe – Vice President and Douglas Bogert – Secretary, serve in Transatlantic’s New York Office.

Yutaka Nakamae – Vice President, is in Tokyo.

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