Alea Group Names Weidman Group Chief Actuary

October 21, 2004

Alea Group Holdings [Bermuda] Ltd., the global specialty insurance and reinsurance company, announced the appointment of Thomas A. Weidman, FCAS, MAAA, as Group Chief Actuary.

Weidman joins Alea from XL Global Services where he most recently served as Executive VP and Actuary. Prior to that, he served for five years as Senior Vice President and Chief Actuarial Officer for NAC Reinsurance Corporation. He began his professional career at Aetna Life & Casualty where he held positions of increasing responsibility in the actuarial field, culminating in his position as Assistant Vice President, Planning and Actuarial Services, National Accounts.

“Alea has built an excellent reputation for disciplined underwriting and actuarial practices,” commented president and CEO Mark Ricciardelli. “Today, we are further strengthening these technical functions with the addition of Tom Weidman to our executive team. Tom will be charged with further developing our group-wide pricing and reserving policies and ensuring that we apply industry best practices to these critical functions. Tom’s appointment is part of the evolutionary growth of Alea and of our focus on adding to the intellectual capital that is required to lead the successful enterprise that Alea has become. His experience and track record in senior actuarial positions for both primary and reinsurance companies are precisely the qualities we sought for this critical management position.”

Weidman holds a B.S. in mathematics from Pennsylvania State University and is a Fellow in the Casualty Actuarial Society and a member of the American Academy of Actuaries. He will be based in Rocky Hill, Conn. and report to the CEO.

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