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The company is controlled by Fortress Investment Group of in New York and is headquartered in Bermuda.
Alea was formerly a global provider of primary insurance and reinsurance contracts.
In 2005, Alea faced catastrophic property damage claims in the aftermath of Hurricanes Rita and Katrina in the United States. European floods in the same year stressed the company’s ability to bounce back.
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Alea Auto Insurance Company Management
Alea Group Holdings of Bermuda Limited is managed by experienced primary insurance and reinsurance personnel.
The management team has previous experience in claims management, liability and commutations, and insurance-reinsurance businesses.
The company employed approximately 100 people at fiscal year-end 2010.
Alea Auto Insurance Company Competitive Markets
Alea Group Holdings of Bermuda Ltd. formerly competed against several other large international insurance companies, including Aviva plc of the United Kingdom and Allianz of Germany.
Alea Group Holdings isn’t writing new property & casualty insurance and thus isn’t competing against any other insurance company in 2011.
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