Risk Capital Re names Charles N. Kasmer Vice President, Actuarial Department

Business Wire, August 5, 1996

GREENWICH, Conn.--(BUSINESS WIRE)--Aug. 5, 1996-- Risk Capital Reinsurance Company, a wholly owned subsidiary of Risk Capital Holdings, Inc. (NASDAQ: RCHI), today named Charles N. Kasmer to the position of Vice President, Actuarial Department, effective August 19, 1996.

Mr. Kasmer, age 30, was previously an Assistant Vice President with Zurich Reinsurance Centre in their Actuarial Pricing Unit. Prior to his tenure with ZRC, Mr. Kasmer was an Actuarial Manager with Frankona Reinsurance Company. Mr. Kasmer is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

Mark D. Mosca, President of Risk Capital Holdings, said, "We are pleased that Charles Kasmer is joining Risk Capital Re. This is another step in building our organization and we look forward to benefiting from his experience and skills."

Risk Capital Holdings, Inc., through its wholly owned subsidiary Risk Capital Reinsurance Company, provides both capital and reinsurance, either on a stand-alone basis, or as part of integrated solutions for insurance companies with capital needs that cannot be met by reinsurance alone.

CONTACT: Mark D. Mosca and Richard D. Robinson

Risk Capital Reinsurance Company

(203) 861-2500