J.P. Morgan Selected by Transatlantic Holdings to Provide Global Custody Services

NEW YORK, May 12, 2010 – J.P. Morgan Worldwide Securities Services, a leading provider of global custody and fund services, today announced that it has been appointed by Transatlantic Holdings, Inc., a leading international reinsurance organization, to provide global custody for the majority of its invested assets worldwide.  Assets under custody total approximately $11 billion.

Transatlantic Holdings, Inc. is headquartered in New York and has operations on six continents.  Its subsidiaries, which will all be serviced by J.P. Morgan, are Transatlantic Reinsurance Company(R), Trans Re Zurich Reinsurance Company Ltd and Putnam Reinsurance Company.

James Ready, vice president and treasurer of Transatlantic Reinsurance Company, said: “We are pleased with our selection of J.P. Morgan and the level of support and array of services they are able to provide to satisfy our global custody needs.” 

Robert Caporale, head of new business development – Americas, J.P. Morgan Worldwide Securities Services, said: “We are pleased to add Transatlantic Holdings, Inc. as a new client to our North American insurance franchise.  As such, the mandate is an excellent example of our ability to service the global custody needs of reinsurers.”

About Transatlantic Holdings, Inc.
Transatlantic Holdings, Inc. (NYSE: TRH) is a leading international reinsurance organization headquartered in New York, with operations on six continents. TRH's subsidiaries, Transatlantic Reinsurance Company(R), Trans Re Zurich Reinsurance Company Ltd and Putnam Reinsurance Company, 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 ww.transre.com for additional information about the Company.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A., WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.3 trillion in assets under custody and $6.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.  

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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