DiBlanda Joins New Insurer, Valiant

October 15, 2007

Valiant Insurance Group, Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer.

Prior to joining Valiant, DiBlanda served as CFO of Delos Insurance, where he was instrumental in the growth of this newly formed specialty insurance carrier and in the formation of its new excess and surplus lines company, Naxos Insurance. In addition, he was a COO and Global CFO of Gallagher Re, Inc. He was a senior executive of John P. Woods Co., Inc., and was responsible for the sale of the company to Arthur J. Gallagher & Co. He also held senior positions at Centre Reinsurance Co. Prior to Centre Re, he was a senior manager at KPMG.

Valiant Insurance Group, Inc. was formed in 2007 to provide specialty property and casualty insurance products and services to the U.S. agency and brokerage market. It is a subsidiary of Bermuda-based Ariel Holdings Ltd., a diversified global insurance and reinsurance company rated “A-Excellent” by A.M.Best.

Ariel Holdings Ltd. acquired Valiant from Zurich North America Commercial Group. Valiant Insurance Co. is licensed on an admitted basis in 47 states plus the District of Columbia.

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