AIU Holdings Sells a Portion of Its Interest in Transatlantic Holdings, Inc.

Move Further Advances AIU Holdings` Positioning as Independent, Global Property
Casualty Company
NEW YORK--(Business Wire)--
AIU Holdings, Inc. (together with AIU Holdings LLC, "AIU Holdings") today
announced that in connection with the closing of the secondary offering of
Transatlantic Holdings, Inc. (NYSE: TRH) shares, it has monetized a portion of
its investment in TRH, receiving cash proceeds of approximately $500 million.

The transaction demonstrates progress toward the sale of AIU Holdings` interests
in TRH, and advances its previously announced strategy to sell non-core,
affiliated investments. It also further positions AIU Holdings as an independent
entity in preparation for the potential sale of a minority stake in the
business, which ultimately may include a public offering of shares, depending on
market conditions. Through its subsidiary, American Home Assurance Company, AIU
Holdings continues to own 9,192,662 common shares of TRH, representing
approximately 13.9 percent of TRH`s common shares issued and outstanding.

Kristian P. Moor, president, AIU Holdings, Inc., said, "The TRH transaction is a
meaningful step forward toward clarifying AIU Holdings` business portfolio,
while improving its quality of capital to help position the company for
continued success in the future."

AIU Holdings is a leading property casualty and general insurance organization
serving more than 40 million businesses and individuals worldwide. With a
90-year history, more than 500 products and services, deep claims management
expertise, and excellent financial strength ratings, AIU Holdings enables
individual consumers, entrepreneurial businesses, and large multinationals alike
to manage virtually any risk with confidence. Our insurance and risk management
products and services are provided through insurance brokers, agents, and other
distribution partners around the globe.

AIU Holdings is the marketing name for the worldwide property casualty insurance
operations of AIU Holdings, Inc. and AIU Holdings LLC. For additional
information, please visit our website at www.aiuholdings.com. In the United
States, all products are written by insurance company subsidiaries of AIU
Holdings, Inc. Coverage may not be available in all jurisdictions and is subject
to actual policy language. Certain coverage may be provided by a surplus lines
insurer. Surplus lines insurers do not generally participate in state guaranty
funds and insureds are therefore not protected by such funds. Non-insurance
products and services may be provided by independent third parties.

AIU Holdings, Inc.
Marie Ali, 212-458-2536

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