ALEA Alea

RNS Number:8247E
Alea Group Holdings(Bermuda) Ltd
01 October 2007

1 October 2007




                       Alea Group Holdings (Bermuda) Ltd

                     Alea Announces Reinsurance Commutation


HAMILTON, Bermuda - Alea Group Holdings (Bermuda) Ltd. ("Alea") announces that
it has reached agreement to fully and finally commute all exposure under an
excess of loss reinsurance treaty.  Alea expects to record an after-tax loss, of
approximately $25.0 million in the third quarter of 2007 in connection with
receiving a one-time payment of $203.6 million pursuant to the agreed
commutation terms. No further payments to or from the counterparty will be made
under these arrangements.


                                      ####


For further information, please contact:


Media:
Sheel Sawhney
+1 (860) 258 6524


Analysts and Investors:
Kirk Lusk
+1 (860) 258-6566


Financial Dynamics:
Nick Henderson or Robert Bailhache
+44 (20) 7269 7114



Certain statements made in this document that are not based on current or
historical facts are forward-looking in nature including, without limitation,
statements containing words "believes," "anticipates," "plans," "projects,"
"intends," "expects," "estimates," "predicts," and words of similar import. All
statements other than statements of historical facts including, without
limitation, those regarding the Group's financial position, business strategy,
plans and objectives of management for future operations (including development
plans and objectives) are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors that could cause the actual results, performance or achievements of the
Group to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. In
particular, forecasting of reserves for future losses is based on historical
experience and future assumptions. As a result, they are inherently subjective
and may fluctuate based on actual future experience and changes to current or
future trends in the legal, social or economic environment. Such forward-looking
statements are based on numerous assumptions regarding the Group's present and
future business strategies and the environment in which the Group will operate
in the future. These forward-looking statements speak only as at the date of
this document or other information concerned. Alea Group Holdings (Bermuda) Ltd
expressly disclaims any obligations or undertaking (other than reporting
obligations imposed on us in relation to our listing on the London Stock
Exchange) to disseminate any updates or revisions to any forward-looking
statements contained herein to reflect any changes in the Group's expectations
with regard thereto or any change in events, conditions or circumstances on
which any such statement is based. References in this paragraph to the Group are
to Alea Group Holdings (Bermuda) Ltd and its subsidiaries from time to time.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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