Transatlantic Holdings Sets Enron Losses at

January 8, 2002

Transatlantic Holdings, Inc., the parent company of Tranasatlantic Re, announced that its preliminary estimate of reinsurance exposure related to Enron Corp.,”if it results in a claim,” is expected to amount to “approximately $39 million, net of tax, and will be reflected in fourth quarter 2001 results.”

TRH cautioned that, “The actual exposure is subject to continuing litigation regarding coverage by the primary issuing companies, the outcome of which is uncertain at this time.”

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