[February 05, 2013]

Transatlantic Reinsurance Company Announces Promotions

Transatlantic Reinsurance Company ("Transatlantic"), an indirect and wholly-owned subsidiary of Alleghany Corporation (NYSE: Y), today announced the promotions of Nick Tzaneteas to head of North American Professional Liability and Brian Finlay to head of North American Treaty for Error & Omissions Liability and Directors' and Officers' Liability, reporting directly to Mr. Tzaneteas.

Mr. Tzaneteas, a twenty-year veteran of Transatlantic, will be responsible for setting and executing Transatlantic's underwriing strategy for a diverse set of classes, including healthcare professional liability, E&O and D&O liability. Mr. Finlay, who has been with Transatlantic eight years, will be responsible for client development and underwriting strategy.

Transatlantic Reinsurance Company, an indirect and wholly-owned subsidiary of Alleghany Corporation, is a leading international reinsurance organization headquartered in New York with operations worldwide. Transatlantic and its subsidiaries offer reinsurance capacity on both a treaty and facultative basis - structuring programs for a full range of property and casualty products, with an emphasis on specialty risks.

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

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