Glacier Group Press Release

PRESS RELEASE
2009-03-16
Glacier Group

Glacier Group

- Glacier Insurance London appoints Alex Campbell as Senior Property Underwriter -

Glacier Insurance AG ("Glacier Insurance" or "the Company"), part of the Switzerland-based Glacier Group, is pleased to announce the appointment of Alex Campbell as Senior Property Underwriter, based in the Company’s London office. He will report to London Managing Director Steven Price.

Alex’s primary role will be to further develop Glacier Insurance’s Property UK portfolio and work in tandem with its network of offices on international business.

Alex Campbell has 22 years of industry experience in various senior roles. He joins Glacier Insurance from Arch Insurance Company (Europe) Ltd, where as Vice President he established Arch’s underwriting presence in Europe. Before joining Arch, Alex led a team of underwriters writing large multinational industrial risks at Allianz Global Risks. Prior to this, he was Chief UK Underwriter at Skandia Assurance Company.

Richard Etridge, CEO of Glacier Insurance, commented:

"Alex is an underwriter who joins us with a wealth of industry experience and contacts. His underwriting track record, high level of energy and enthusiasm for our product makes Alex an excellent addition to our growing team."

Further information

Media

Haggie Financial
David Haggie / Juliet Tilley
Tel: +44 20 7417 8989

Notes to Editors:

About the Glacier Group
Glacier is an international insurance and reinsurance group, founded in December 2004 and headquartered in Pfäffikon, Canton Schwyz, Switzerland. The Glacier Group had underwriting capital of USD 599 million as of 30 June 2008 and is rated A- (Excellent) by A.M. Best.

Glacier Insurance
Glacier Insurance was incorporated in Liechtenstein in November 2006 and is licenced by the Financial Market Authority in Liechtenstein. It operates from Liechtenstein, Germany and the UK. It is a wholly-owned subsidiary of Glacier Reinsurance AG.

Glacier Reinsurance AG (Glacier Re)
Glacier Re was established in December 2004 and is regulated by the Federal Office of Private Insurance in Switzerland. It operates from Switzerland.

www.glaciergroup.com