Market Overview

Armour Group Announces the Appointment of Two Key Senior Executives


Armour Group Ltd ("Armour") announces two new senior appointments,
Ranbeer Bhatia and Andrea Piatti.

The new appointments are key additions to Armour's continued growth
strategy and execution of its global build-out for new business sourcing
and new product development. In this regard both Mr. Bhatia and Mr.
Piatti will report to Steve Ryland, Group SVP and Armour's Global Head,
New Business Development. Mr Bhatia will head Armour's business
development in North America. Mr. Piatti will serve as Head of European
M&A and be responsible for Armour's business development in Europe. In
addition to business development in North America, Mr. Bhatia will also
have responsibility for the group's global capital markets function and
will report to Armour's founders for this aspect of his responsibilities.

Mr. Bhatia has over 15 years of capital markets experience in the
financial services industry focused on sourcing, structuring and
executing M&A and capital raising transactions in the insurance
industry. He has extensive experience originating insurance M&A
transactions across North America and raising capital for global
insurance and reinsurance companies. He was previously the lead
financial advisor to Armour Group on their $500 million permanent
capital transaction in partnership with Aquiline Capital Partners. Mr.
Bhatia has an MBA from University of Notre Dame and a BA in Economics
from St. Stephen's College in India.

Mr. Piatti is a senior professional with almost 20 years' experience in
the reinsurance and convergence sectors. He has extensive experience in
serving insurance clients in Europe, designing and structuring
innovative and capital efficient customised reinsurance solutions.
Before joining Armour, Mr. Piatti was Head of Structured Solutions
(EMEA) and Global Product Leader at MS Amlin in Zurich, where he
developed and led MS Amlin's global structured reinsurance efforts. Mr.
Piatti holds an MSc in Mathematics from the Swiss Institute of
Technology in Zurich and is a certified Financial Risk Manager (FRM).

Steve Ryland, Senior Vice President and Head of Global Business
Development, commented, "Both new hires have a long and proven history
of business origination and development demonstrating an in-depth
knowledge of the wider financial sector and the global insurance and
reinsurance marketplace. We are extremely pleased and indeed very
fortunate to attract senior executives with such qualities, experience
and product expertise."

About Armour Group Ltd

Armour is a Bermuda-based group of (re)insurance and service companies
which specialize in the creation and implementation of solutions and
acquisitions within the run-off insurance marketplace. Its founders and
two main principals, Brad Huntington and John Williams, have more than
50 years combined experience in the insurance and reinsurance markets.
Armour recently announced a major investment in its platform by Aquiline
Capital Partners, a New York-based private equity firm investing in
financial services and financial technology.

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