Clarification of TransRe's Press Release Dated March 3, 2013

March 15, 2013

NEW YORK--(BUSINESS WIRE)-- Further to TransRe's press release dated March 3, 2013, TransRe wishes to clarify that an application for registration to carry on reinsurance business in Singapore has been submitted to the relevant authority in Singapore for consideration. Until the appropriate registration is granted no reinsurance business will be carried out in Singapore. Where appropriate, TransRe will provide updates on future developments in this matter.

About TransRe

TransRe is the brand name for Transatlantic Holdings, Inc. and its subsidiaries (including Transatlantic Reinsurance Company). TransRe, wholly owned by Alleghany Corporation (NYSE-Y), is a reinsurance organization headquartered in New York with operations worldwide. Since 1978, TransRe has been offering its clients the capacity, expertise and creativity necessary to structure programs across the full spectrum of property and casualty risks.

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


Thomas V. Cholnoky, 212-365-2292

Source: TransRe

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