Alea Group Appoints Brown Investor Relations Manager

October 8, 2004

Alea Group Holdings (Bermuda) Ltd., a global specialty insurance and reinsurance company, announced that it has appointed Peter Brown as manager of Investor Relations. He will be based in London and will report to Amanda Atkins, Group CFO.

“Brown’s background gives him a perspective that will be crucial to developing Alea’s financial communications,” said the announcement. He has held a number of financial positions of increasing responsibility within the U.K.’s Prudential Plc, most recently as Corporate Finance Manager with specific responsibility for Prudential’s UK and Europe Insurance Operations. He was formerly with Arthur Andersen in the Audit and Business Assurance Department where he qualified as a Chartered Accountant.

“Peter’s appointment marks an important step in our evolution as a public company,” Atkins commented. “He has a strong, diversified background in finance and will be charged with ensuring that we maintain an active and open dialog with the financial community.

“Peter will be focused on communicating who we are as a company and on our growing position in the industry,” she continued. “His knowledge of the financial community and their informational needs and perspectives will serve us well in achieving our goals of providing a clear picture of our global specialty insurance and reinsurance operations and of our strategic direction.”

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