Castle Point Names Doyle President, CEO of Reinsurance; Dale to Head Management Unit

October 6, 2006

Bermuda-based CastlePoint Holdings, Ltd. has announced the appointment of Gregory T. Doyle as President of CastlePoint Holdings and CEO of CastlePoint Reinsurance Company, Ltd. He will also serve as a Director of CastlePoint Re as well as continuing to serve as a Director of CastlePoint Holdings. The change becomes effective Nov. 1.

The Company’s bulletin also noted that Michael H. Lee, currently the Chairman, CEO and President of CastlePoint Holdings, will continue in that position. Mark Dale has been appointed as President and Director of CastlePoint Management, Corp., effective August 7.

“Mr. Doyle will work with Mr. Lee in the overall strategic planning for the entire company as well as directly managing CastlePoint Re,” said the announcment. “We are very pleased to have Greg at CastlePoint. Having worked with him for several years, I believe his experience in the reinsurance industry as well as his leadership and management skills will add significant value to our company,” Lee added.

Doyle has been a member of CastlePoint Holdings’ board of directors since April 2006. Prior to joining the CastlePoint board, he served on the board of directors of Tower Group, Inc. from September 2004 to April 2006. He has served as the Executive Chairman of the reinsurance brokerage firm, BMS Vision Re, since September 2004. Prior to that, Mr. Doyle was President of Presidential Re Insurance Advisors, a consulting firm he founded. From December 2000 to January 2003, he served as Executive Vice President, Strategic Planning/Corporate Development for Guy Carpenter & Company, a reinsurance brokerage firm. From 1985 to 2000, Mr. Doyle held senior positions at American Re-Insurance Company, ultimately as Corporate Executive Vice President and President of Domestic Insurance Company Operations. He was also a member of American Re-Insurance’s Board of Management and directed its largest division. He is a Chartered Property and Casualty Underwriter and attended the Advanced Executive Education Program at the University of Pennsylvania’s Wharton School of Business.

As the President of CastlePoint Management, Dale will oversee its U.S. primary insurance company operation that provides programs and risk sharing solutions to program underwriting agents and insurance companies. “Mark’s extensive knowledge, leadership and experience in establishing and successfully managing program business will enable us to continue to develop and expand our programs and risk sharing business,” Lee commented.

Prior to joining CastlePoint Management, Dale served from July 2000 to August 2006, as Senior Vice President of Great American Custom, a full-service underwriting organization, where he managed their program division. He also had extensive experience managing primary excess and surplus lines underwriting at Great American Custom. His 27-year career in the property and casualty insurance industry includes underwriting and management positions at Hartford Insurance Company, Economy Fire and Casualty Insurance Company, and Arkwright Mutual Insurance Company.

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