Quanta Appoints Cloutier Chief Claims Officer

April 19, 2005

Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced that Mark C. Cloutier has been appointed Chief Claims Officer of Quanta Capital Holdings and President of Quanta Technical Services, LLC (QTS).

Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced that Mark C. Cloutier has been appointed Chief Claims Officer of Quanta Capital Holdings and President of Quanta Technical Services, LLC (QTS).

“In this role, Mr. Cloutier will be responsible for Quanta’s claims operations on a global basis as well as its technical services and consulting subsidiaries,” said the announcement. He joins Quanta from Overseas Partners Re Ltd. in Bermuda, where he has worked since February of 2002, most recently as President and CEO.

“While with Overseas Partners Re, Mr. Cloutier was credited with the successful liquidation of a significant portion of Overseas Partner’s reinsurance liabilities and its orderly run off,” said the announcement. He has held numerous management roles within the insurance industry throughout his career, including E.W. Blanch Holdings, Inc., TIG Holdings, Millers Group, and Lindsey Morden Claim Services. Cloutier also established an independent claim service company, Maxwell Cloutier & Associates, in British Columbia in 1982, which was sold when he joined Lindsey Morden.

Quanta CEO Tobey J. Russ commented, “We are pleased to welcome Mark to Quanta. Mark’s extensive experience and technical expertise is of great value to the Company as we focus on servicing our clients’ claims and expand Quanta’s technical services and consulting business. We look forward to working with Mark.”

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