ALEA Alea

RNS Number:6000F
Alea Group Holdings(Bermuda) Ltd
24 November 2004





                   Alea Group Received Subpoena and Inquiries
                  On U.S. Industry Broker Compensation Practices

BERMUDA (24 November 2004) - Alea North America Insurance Company, a New York
state domiciled, wholly owned subsidiary of Alea Group Holdings (Bermuda) Ltd.,
has received a subpoena from the Attorney General of New York and, together with
Alea North America Specialty Insurance Company, has received requests for
information from certain U.S. state insurance departments. The subpoena and
requests relate to the on-going industry-wide investigations into U.S. broker
and agent compensation agreements. Alea will cooperate fully with these
authorities.

ABOUT ALEA GROUP

Alea is a global specialty insurance and reinsurance company with expertise in a
wide range of property and casualty products and services. 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
+44 20 7481 8708

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
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 Alea Group Holdings (Bermuda) Ltd's 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 (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 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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