Bermuda-based insurance companies report third quarter earnings:

Today:

ACE Limited will release its earnings after market close tonight. The company will hold its third quarter earnings conference call tomorrow morning at 9.30 a.m. Bermuda time.

A copy of ACE?s earnings release and financial supplement should will be available on the company?s website (www.acelimited.com) after market close this evening. The earnings conference call tomorrow morning will be available via live and archived webcast. Please refer to the ACE Limited website in the Investor Information section under Calendar of Events for details. A replay of the call will be available until Tuesday, November 30, 2004. To listen to the replay dial: 1-877-519-4471 (in the United States) or 1-973-341-3080 (international); passcode 5224481.

PartnerRe will release its 2004 third quarter results after market close today. PartnerRe senior management will conduct a dial-in conference call, which will include a question and answer period, tomorrow morning at 11 a..m. Bermuda time. Investors and analysts are encouraged to call in 15 minutes prior to the commencement of the call. The conference call can be accessed by dialling (913) 981-5542, or through the company?s website www.partnerre.bm.

Wednesday:

Montpelier Re expects to release its 2004 third quarter results after market close on Wednesday. Montpelier Re executives will conduct a conference call, including a question and answer period, on Thursday at 11 a.m. Bermuda time.

The presentation will be available via a live audio webcast accessible on the Earnings Call page of the Investor Information section of the Company?s website at www.montpelierre.bm.

Endurance Specialty announced that it will issue its financial results for the third quarter on Wednesday after the close of the financial markets. On Thursday Endurance senior management will host a conference call at 9:30 a.m. Bermuda to discuss the financial results. The conference call can be accessed via telephone by dialling (973) 935-8507. A telephone replay of the conference call will be available through November 4, 2004 by dialling (973) 341-3080 and entering the pass code: 5204311. The public may access a live broadcast of the conference call at the ?Investors? section of Endurance?s website, www.endurance.bm.

Renaissance Re will conduct an investment community conference call on Thursday, October 28, 2004 at 9 a.m. Bermuda time to discuss its financial results for the third quarter of 2004, as well as the company?s outlook. RenaissanceRe will release the results following the close of market on Wednesday, October 27.

A live webcast of this call will be available through the investor section of RenaissanceRe?s website at www.renre.com.

Thursday:

Arch Capital Group Ltd. announced that it expects to release its 2004 third quarter results after market close on Thursday. The company will hold a conference call for investors and analysts at 11 a.m. Bermuda time on Friday, October 29, 2004. A live webcast of this call will be available via the Media-Earnings Webcasts section of the Company?s website: www.archcapgroup.bm. A telephone replay of the conference call also will be available. To access the replay, callers should dial (617) 801 6888 (passcode 74029112).

IPC Re will release its third quarter earnings after market close on Thursday. The company?s senior management will hold an earnings call at 9:30 a.m. Bermuda time on October 29.

Monday, November 1:

Max Re earnings call with CEO Robert Cooney and CFO Keith Hynes. The call will be held at 11 a.m. and can be accessed by dialling (617) 847 8703, access code: 42608523

XL Capital is scheduled intends to release its third quarter 2004 financial results after market close Monday, November 1, 2004. A conference call to discuss the Company?s third quarter results will be held at 11 a.m. Bermuda time on Tuesday, November 2, 2004. The call can be accessed through the company?s website, www.xlcapital.com.

Tuesday, November 2:

Quanta Capital Holdings will report third quarter financial results on Tuesday, November 2, 2004 after market close. The company?s management will host a conference call to discuss these results on Wednesday, November 3, 2004, at 10 a.m. Bermuda time. This call is being webcast by CCBN and can be accessed at Quanta?s website at www.quantaholdings.com. A replay of the teleconference will be available by dialling (617) 801-6888 and entering passcode 37295712. The webcast will be available online at www.quantaholdings.com for one month following the call.

Aspen Insurance Holdings Ltd. will release its third quarter financial results on Tuesday, November 2, after market close. The company will hold a conference call to discuss its financial results on Wednesday, November 3, 2004 at 9:30 a.m. Bermuda time. The conference call will be webcast live on the Investor section of Aspen?s web site, which is located at www.aspen.bm.

Wednesday, November 3:

PXRe is scheduled to release third quarter financial results for the third quarter after market on Wednesday, November 3, 2004. An accompanying conference call will be held on Thursday, November 4, 2004 at 11 a.m. Bermuda time, and can be accessed through the company?s website at www.pxre.com.

AXIS Capital announced today that it expects to release financial results for the third quarter on Wednesday, November 3, 2004, after the close of the financial markets. CEO and president John Charman and CFO Andrew Cook will host an investment community teleconference, including a question and answer period, on Thursday, November 4, 2004, at 9:30 Bermuda time to discuss the third quarter financial results and related matters. The conference call be accessed by dialling (617) 786-4512 and entering the pass code 86020833 approximately ten minutes in advance of the call. A live, listen-only webcast of the call will be available via the Investor Information section of the Company?s website at www.axiscapital.com.

Thursday, November 4:

Scottish Re is scheduled to release its third quarter earnings at 7 a.m. on November 4, and is to hold an earnings conference call that same day at noon Bermuda time.

The call can be accessed through the company?s website at www.schottishre.com/conferencecall. The dial-in number for the call is (706) 679 5950, id: 1298568.

Assured Guaranty has announced that it intends to issue its third quarter 2004 earnings and financial supplement after market close on Thursday, November 4, 2004. A copy of these documents will be available in the Investor Information section of the company?s website located at www.assuredguaranty.com.The company will host a conference call for investors at 9 a.m. Bermuda time on Friday, November 5, 2004. The earnings conference call will be available via live and archived webcast at http://www.assuredguaranty.com