ALEA Alea

RNS Number:2719E
Alea Group Holdings(Bermuda) Ltd
20 October 2004





                       Alea Group Names Thomas A. Weidman
                               Group Chief Actuary

BERMUDA (20 October 2004) - Alea Group Holdings (Bermuda) Ltd.), the global
specialty insurance and reinsurance company, announced today that it appointed
Thomas A. Weidman, FCAS, MAAA, as Group Chief Actuary.

"Alea has built an excellent reputation for disciplined underwriting and
actuarial practices," said Mark Ricciardelli, President and Chief Executive
Officer of Alea Group. "Today, we are further strengthening these technical
functions with the addition of Tom Weidman to our executive team. Tom will be
charged with further developing our group-wide pricing and reserving policies
and ensuring that we apply industry best practices to these critical functions.

"Tom's appointment is part of the evolutionary growth of Alea and of our focus
on adding to the intellectual capital that is required to lead the successful
enterprise that Alea has become. His experience and track record in senior
actuarial positions for both primary and reinsurance companies are precisely the
qualities we sought for this critical management position.

Mr. Weidman comes to Alea from XL Global Services where he most recently served
as Executive Vice President and Actuary. Prior to that, he served for five years
as Senior Vice President and Chief Actuarial Officer for NAC Reinsurance
Corporation. Mr. Weidman began his professional career at Aetna Life & Casualty
where he held positions of increasing responsibility in the actuarial field,
culminating in his position as Assistant Vice President, Planning and Actuarial
Services, National Accounts.

Mr. Weidman holds a bachelor of science in mathematics from Pennsylvania State
University and is a Fellow in the Casualty Actuarial Society and a member of the
American Academy of Actuaries.

Mr. Weidman will be based in Rocky Hill, CT, and report to the Chief Executive
Officer.

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, and Switzerland. 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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