Quanta Names Bridges to Replace Ramsey as Director

Quanta Capital Holdings Ltd. announced from Bermuda that it has appointed Mark Bridges as a director following the resignation of W. Russell Ramsey as a director of the Company.

Quanta noted that “Bridges currently serves as the President of Rosemont Reinsurance Ltd., a specialty property and marine reinsurer that is currently in run-off. He previously served in several capacities at Overseas Partners Ltd. including during its run-off phase. Prior to his service at Overseas Partners Ltd. he was a partner and head of the reinsurance practice at KPMG Peat Marwick in Bermuda.”

Chairman James J. Ritchie commented “I thank Russ Ramsey for his many contributions and as one of the founders of our Company and for his service on our board. As we continue to execute the run-off plan during the coming years, we look forward to Mark Bridges’ contribution to our board. We believe that his skills, particularly those pertaining to insurance companies in run-off are an excellent match to the Company’s current needs and I am confident that he will be very helpful in providing oversight and practical insight to Peter Johnson, our CEO, and his management team. On behalf of the Board, I am pleased that he has agreed to join us.”