Glacier Group Press Release

PRESS RELEASE
2008-11-03
Glacier Group

Glacier Group

- Glacier Insurance appoints Peter Hoffmann as Senior Underwriter, Property -

Glacier Insurance AG (‘Glacier Insurance’) headquartered in Liechtenstein and part of the Switzerland-based Glacier Group, is pleased to announce the appointment of Peter Hoffmann as Senior Underwriter, Property. In this role, Peter will focus on expanding the property, construction and engineering business of Glacier Insurance from its branch office in Cologne, Germany.

Peter began his career in engineering before moving in to the insurance industry, where he has almost 30 years of experience and has held a variety of leadership positions. His former employers include Gerling and Kölnische Rückversicherungs-AG. He joins Glacier Insurance after four years at AIG Europe, where he held the role of Deputy Profit Center Manager, Property/Energy.

Tim Hofmeister, Managing Director Germany, commented:
“I am pleased to welcome Peter Hoffmann to Glacier Insurance. With his long-standing experience in engineering and property insurance, he will be a valuable addition to our growing team in Cologne. His knowledge, coupled with Glacier's expertise and multi-line capability, will position us to further expand and strengthen our position in Germany.”

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 599mn 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 in the canton of Schwyz in Switzerland and is regulated by the Swiss Federal Department of Finance. It operates from Switzerland and Argentina.

www.glaciergroup.com