Transatlantic Re and Allied World Agree to a Merger of Equals to Create a Premier Global Specialty Insurance and Reinsurance Company

NEW YORK & ZUG, Switzerland--(BUSINESS WIRE)--Transatlantic Holdings, Inc. (NYSE: TRH) and Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced the signing of a definitive merger agreement that will create a leading, global specialty insurance and reinsurance company. The combined entity will have total invested assets of $21 billion, total shareholders’ equity of nearly $7 billion, and total capital of $8.5 billion. The combined company will operate under a holding company structure with the corporate name TransAllied Group Holdings, AG, offering specialty insurance and reinsurance products and services via two distinct brands – Transatlantic Reinsurance and Allied World Insurance.