Press Named Transatlantic Director

Transatlantic Holdings, Inc. announced that Richard S. Press has been elected to its Board of Directors. He recently retired from the Wellington Management Company, LLP, where he was a Senior Vice President and Director of its Insurance Asset Management Group. Prior to his twelve years of service at Wellington Management, Press served in executive capacities at Stein Roe & Farnham, where he established its Insurance Asset Management Group, and Scudder, Stevens & Clark, where he helped found Scudder’s insurance asset management subsidiary.

“We are pleased that Dick Press has agreed to join our Board,” commented Martin J. Sullivan, Transatlantic’s Chairman. “With more than four decades of asset management experience, Dick brings to Transatlantic an in-depth knowledge of insurance company needs along with a robust business and financial perspective. We welcome him to Transatlantic and look forward to benefiting from his good counsel.”

Ed. Note: Sullivan also heads American International Group, which controls 59.3 percent of Transatlantic.