The FSR of A++ (Superior) and the Long-Term ICRs of "aa+" (Superior) have been affirmed with a stable outlook for Transatlantic Reinsurance Company and its following subsidiaries: The following Long-Term IRs have been affirmed with stable outlooks: Alleghany Corporation— -- "a+" (Excellent) on $300 million 4.9% senior unsecured notes, due 2044 Transatlantic Holdings Inc.— -- "a+" (Excellent) on $350 million 8% senior unsecured notes, due 2039 This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings.