Fitch to Hold Reinsurance Teleconference Sept. 7

September 6, 2005

Fitch Ratings will hold a teleconference on Wednesday, Sept. 7, 2005 at 9:30 a.m. EDT to discuss the rating agency’s outlook for the global reinsurance market in advance of the Monte Carlo Rendezvous.

The announcement is as follows:

Chris Waterman, Senior Director in Fitch’s Insurance Group, and Mark Rouck, Senior Director in the same group in Chicago, will discuss the main reinsurance sector trends likely to influence the agency’s ratings in future, as detailed in Fitch’s ‘Mid-Year 2005 Global Reinsurance Outlook Report,’ published today. Details on the launch of Fitch’s reinsurance report will be released separately.

This 30-minute call, which includes Q&A, will be hosted by David Wharrier, Senior Director in Fitch’s Capital Markets Group and will include a presentation from Chris and Mark, co-authors of the Fitch reinsurance report.

To participate in the conference call please dial the appropriate number listed below five minutes before the 9:30 a.m. EDT start time.

U.S. and Canadian callers: 866-602-0258

U.K. callers: (0)20 7784 1005 or (0)800 901 2160

European callers: (0)20 7784 1005

A replay of the teleconference will be available for 72 hours after the conclusion of the call. U.S. callers can dial 718-354-1112. All replay callers should quote passcode: 4710211#. Callers from the U.K. and Europe can access the replay by dialing (0)20 7784 1024. Copies of the report can be obtained from Fitch’s public web site at www.fitchratings.com.

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