ALEA Alea

RNS Number:8236D
Alea Group Holdings(Bermuda) Ltd
07 October 2004




                          Alea Group Names Peter Brown

                           Investor Relations Manager

BERMUDA (7 October, 2004) - Alea Group Holdings (Bermuda) Ltd., the global
specialty insurance and reinsurance company, announced today that it appointed
Peter Brown as manager of Investor Relations. Mr. Brown will be based in London
and will report to Amanda Atkins, Group Chief Financial Officer.

"Peter's appointment marks an important step in our evolution as a public
company," said Ms. Atkins. "He has a strong, diversified background in finance
and will be charged with ensuring that we maintain an active and open dialog
with the financial community.

"Peter will be focused on communicating who we are as a company and on our
growing position in the industry," said Ms. Atkins. "His knowledge of the
financial community and their informational needs and perspectives will serve us
well in achieving our goals of providing a clear picture of our global specialty
insurance and reinsurance operations and of our strategic direction."

Mr. Brown's background gives him a perspective that will be crucial to
developing Alea's financial communications. Since 1999, Mr. Brown has held a
number of financial positions of increasing responsibility within Prudential
Plc, most recently as Corporate Finance Manager with specific responsibility for
Prudential's UK and Europe Insurance Operations. Prior to this Peter was with
Arthur Andersen in the Audit and Business Assurance department where he
qualified as a Chartered Accountant. Peter is an honours graduate of the
University of Sheffield in Mechanical Engineering.

ABOUT ALEA GROUP

Alea is a global specialty insurance and reinsurance company with expertise in a
wide range of property and casualty insurance, reinsurance, programme and finite
risk products and services. Alea 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. The Company's largest shareholder is
an affiliate of Kohlberg Kravis Roberts & Co. Alea is publicly traded on the
London Stock Exchange under the ticker "ALEA". For more information on Alea
Group, see www.aleagroup.com.

For further information please contact:

Media: 
Keith Anderson  +1 860 258 6550

Analysts & Investors: 
Peter Brown  +44 20 7621 3383

Financial Dynamics
Robert Bailhache  +44 20 7269 7200

Certain statements made in this press release 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 Alea Group Holdings (Bermuda) Ltd's financial
position, business strategy, plans and objectives of management for future
operations (including development plans and objectives relating to Alea Group
Holdings (Bermuda) Ltd's products and services) 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 Alea Group Holdings (Bermuda) Ltd to be materially different
form 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 Alea Group Holdings (Bermuda) Ltd present and future
business strategies and the environment in which Alea Group Holdings (Bermuda)
Ltd will operate in the future. These forward-looking statements speak only as
at the date of the document or other information concerned. Alea Group Holdings
(Bermuda) Ltd expressly disclaims any obligations or undertaking to disseminate
any updates or revisions to any forward-looking statements contained herein to
reflect any changes in Alea Group Holdings (Bermuda) Ltd 's expectations with
regard thereto or any change in events, conditions or circumstances on which any
such statement is based.


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

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