ALEA Alea

RNS Number:1056D
Alea Group Holdings(Bermuda) Ltd
20 September 2004


Alea Group Holdings (Bermuda) Ltd.
20 September 2004

Alea Group Holdings (Bermuda) Ltd. Announces Appointment of Edward B. Jobe to
the Board of Directors

With effect from 17 September 2004, Edward B. Jobe has been appointed as an
independent Non-Executive Director of Alea Group Holdings (Bermuda) Ltd. Mr.
Jobe will also serve on the Audit Committee of the Board.

Edward Jobe (age 74) spent 15 years in underwriting and marketing positions in
the primary insurance industry before joining American Re-Insurance Company in
1963 as a Facultative Underwriter.  During the subsequent 32 years he held
various underwriting and management positions including Chairman and CEO of
American Re Corporation and Chairman, President, CEO and Director of American
Re-Insurance Company, until he retired January 1, 1996.  He then continued as a
Director of American Re-Insurance Company until February 2004.  In addition to
serving as Vice Chairman of the American Institute for Certified Casualty and
Property Underwriters and Reinsurance Association of America, he was the
founding Chairman of the International Insurance Foundation and continues as
Chairman Emeritus.  This organization works closely with Insurance Regulators in
the developing markets to help them meet the challenges associated with an
emerging private sector insurance industry.

John Reeve, Chairman of the Board of Alea, commented "Ed Jobe brings a wealth
of experience and relationships to Alea.  We will certainly benefit from his
contributions."

Mr. Jobe has not held directorships in any other publicly quoted company in the
last 5 years. Save for the information disclosed above, there is no other
information in relation to Mr. Jobe required to be disclosed pursuant to
paragraphs 6.F.2(b) to (g) of the Listing Rules.

Alea is a global reinsurance and specialty insurance company focused on
underwriting for profit and return on equity. It has expertise in a wide range
of property and casualty reinsurance, insurance, alternative risk and finite
risk products and maintains a significant presence in major insurance and
reinsurance markets worldwide.

Alea is headquartered in Hamilton, Bermuda and has ongoing operations in the
United Kingdom, the United States, Bermuda, Switzerland, Australia and Jersey.

20 September 2004

For further information:


Investors & Analysts
Peter Brown                         Alea                        +44 20 7621 3383
Robert Bailhache                    Financial Dynamics          +44 20 7269 7200

Media
Keith Anderson                      Alea                         +1 860 258 6550




                      This information is provided by RNS
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