Transatlantic Holdings, Inc. Announces Two Directors Not Standing For Re-Election...

Transatlantic Holdings, Inc. Announces Two Directors Not Standing For Re-Election to Board at 2008 Annual Stockholders' Meeting

NEW YORK--(Business Wire)--
Transatlantic Holdings, Inc. (NYSE:TRH) has announced that Mr.
James Balog and Ms. Diana Mayer, at the completion of their respective
terms, will not be standing for re-election to the Board of Directors
at the Annual Stockholders' Meeting scheduled for May 22, 2008.

Robert F. Orlich, President and Chief Executive Officer commented,
"We are grateful to Jim and Diana for their distinguished service to
Transatlantic. Jim has served on the Board for approximately 20 years
- with his tenure beginning prior to Transatlantic becoming a public
company. His insight and good counsel have played a critical role in
Transatlantic's long and successful history. Diana's work on the Board
has been marked by her strong stewardship and fine contributions to
several committees."

Martin J. Sullivan, TRH's Chairman, added, "Jim's contributions in
a variety of key areas and knowledge of Transatlantic have proved
invaluable, as have his passion for the Company and his tireless
service. Diana's financial acumen and business experience have
significantly benefited Transatlantic. She has led one Board committee
and served with distinction on several others. I would like to thank
Jim and Diana for their fine work on behalf of the Company and wish
them success in their future endeavors."

Visit www.transre.com for additional information about TRH.

Transatlantic Holdings, Inc. (TRH) is a leading international
reinsurance organization headquartered in New York, with operations
also based in Arlington, Chicago, Columbus, Overland Park, San
Francisco, Stamford, Toronto, Miami (serving Latin America and the
Caribbean), Panama, Buenos Aires, Rio de Janeiro, London, Paris,
Zurich, Stockholm, Warsaw, Johannesburg, Hong Kong, Shanghai, Tokyo
and Sydney. Its subsidiaries, Transatlantic Reinsurance Company(R),
Trans Re Zurich and Putnam Reinsurance Company, offer reinsurance
capacity on both a treaty and facultative basis -- structuring
programs for a full range of property and casualty products, with an
emphasis on specialty risks.

Transatlantic Holdings, Inc.
Steven S. Skalicky, 212-770-2040

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