X0202 4 2007-11-01 0 0000862510 TRANSATLANTIC HOLDINGS INC TRH 0001236616 BALOG JAMES 785 ST. ANNE'S LANE VERO BEACH FL 32967 1 0 0 0 Common Stock 2007-11-01 4 M 0 1834 38.3336 A 10168.00 D Stock Option (Right to Buy) 38.3336 2007-11-01 4 M 0 3750 D 2001-12-03 2007-12-03 Common Stock 3750.00 0.00 D On November 1, 2007, Mr. Balog exercised options for 3,750 shares using previously owned shares to pay for the options pursuant to the TRH 1995 Stock Option Plan.This acquisition reflects the number of options exercised less the 1,916 shares surrendered to purchase the option. These options were granted under TRH's 1995 Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date in each of the four years following the grant. By: /s/ Gary A. Schwartz, by power of attorney for 2007-11-02