Lusk Appointed Alea’s Chief Administrative Officer

March 3, 2005

Alea Group Holdings (Bermuda) Ltd., the specialty insurer and reinsurer, announced changes in the executive management team.

Kirk Lusk was appointed Group chief administrative officer and will
oversee Group Human Resources, Information Technology, Claims, Marketing, and Risk Management/Audit. Lusk was previously Group senior vice president for Strategic Planning and Corporate Development and will retain responsibility for these critical functions in his new role.

Lusk has experience in underwriting, business planning and development and finance. Prior to joining Alea, he was manager of Finance for GE’s Employers Reinsurance Corporation.

Gary Prestia was appointed CEO of Alea North America, the company’s U.S. reinsurance operation, based in Wilton, Connecticut.

Prestia has 20 years of broad underwriting and executive management experience, primarily in the reinsurance sector. He began his career at Republic Insurance in 1985.

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