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

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

Business Wire

NEW YORK -- March 15, 2013

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.

Contact:

TransRe
Thomas V. Cholnoky, 212-365-2292