U.S. RE Names Kelly Senior Actuary

PEARL RIVER, NY--(Marketwire - April 28, 2008) - Martin K. Kelly, an insurance and reinsurance actuary with more than 30 years of experience, has been named Senior Actuary at U.S. RE Corporation, the reinsurance and consulting arm of U.S. RE Companies, Inc., Tal P. Piccione, Chairman and CEO, announced.

"Martin Kelly brings a wealth of actuarial experience to U.S. RE," Piccione said. "He has served at a senior level in leading primary insurance companies and international reinsurance intermediaries. His association with U.S. RE reaffirms our commitment to assure that our resources in areas such as dynamic financial analysis, reinsurance pricing support, and a wide range of analytical measures to structure cost effective reinsurance programs, are second to none."

U.S. RE Companies, Inc., the parent of U.S. RE Corporation, is a financial services group with subsidiaries in investment banking, alternative risk transfer, excess and surplus lines, claims/risk management services, and general/professional liability insurance for the healthcare industry. The Company is based in Pearl River, NY, with offices in Atlanta; Basel, Switzerland; Copenhagen, Denmark; Istanbul, Turkey; and Bermuda.

Kelly came to U.S. RE from Benfield, Inc., where he served as Senior Vice President for eight years, with responsibility for a wide spectrum of actuarial services. Earlier, he held senior actuarial posts at reinsurance brokers Guy Carpenter & Co., Willcox, Inc., and Balis & Company, Inc.

Before entering the reinsurance business, Kelly held supervisory actuarial positions in the primary insurance sector with Great American Insurance Company for 11 years, and earlier with The Home Insurance Company.

Kelly is a member of the American Academy of Actuaries and the Casualty Actuarial Society. He has served as Chairman of the Personal Property Actuarial Committee, Insurance Services Office. Kelly holds a Bachelor of Science Degree-Magna Cum Laude, in mathematics from Manhattan College, Riverdale, NY.

For more information, contact Mechlin Moore, MDM Communications (239-777-1595 mmoore7412@aol.com ) and visit our web site ( www.usre.com ).

Contact Information: Mechlin Moore MDM Communications 239-777-1595