Transatlantic Elects Directors, Officers

Transatlantic Holdings Inc. (TRH) announced that Martin J. Sullivan, president and CEO and Steven J. Bensinger, executive vice president, CFO, treasurer and comptroller, of American International Group Inc., have been elected to its Board of Directors at the annual shareholders meeting held May 19. AIG owns a 59 percent stake in TRH.

Robert F. Orlich, the company’s chairman, president and CEO commented: “We are very pleased to announce that Martin Sullivan and Steven Bensinger will be joining our Board. Their broad experience in the insurance industry will be of significant benefit to Transatlantic Holdings, Inc. as we continue to expand our presence in the worldwide reinsurance market.”

Also elected as directors were Kenneth Apfel, TRH senior vice president and chief actuary and Gary A. Schwartz, a senior vice president and the company’s general counsel.

The following persons were elected as officers to serve in the positions and at the offices indicated:

— New York: George McCrae – vice president; Robert Rosen – vice president; Michael Bohler – asst. vice president; Edward Kelley – asst. vice president; Rochelle Sanders – asst. secretary
— Chicago: Carol Nootens – asst. secretary
— Hong Kong: Jason Smith – asst. vice president
— London: Michael Broggio – asst. vice president; Darren Smart – asst. vice president.

Due to its close ties with AIG, TRH has become involved in the investigations of the Group’s financial affairs currently being conducted by New York Attorney General Eliot Spitzer, the Securities and Exchange Commission and various state regulators (See related articles).