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Transatlantic Elects Non Executive Chairman

Richard Press succeeds Robert Orlich, president and CEO of Transatlantic Holdings

Transatlantic Holdings, a New York-based reinsurance organisation, has elected Richard Press as its non-executive chairman, following his tenure as TRH’s lead independent director since October 2007.

Richard Press succeeds Robert Orlich, president and CEO of Transatlantic Holdings, who served as chairman on an interim basis since July 1, 2008. Mr. Orlich will continue to serve as president and CEO and as a member of the Board.

Mr. Orlich said: “The entire Board is very pleased that Dick has agreed to expand his leadership role. The move is a natural extension for Dick, having served both as our lead independent director and chairman of the special committee formed in connection with our separation from AIG. We will continue to benefit from his broad skill set and guidance as Transatlantic moves forward.”

Mr. Press joins Transatlantic from the Wellington Management Company, where he was a SVP and director of the Insurance Asset Management Group.