Quanta Appoints Mark Cloutier Chief Claims Officer, Quanta Capital Holdings Ltd. and President, Quanta Technical Services, LLC

Business Wire, April 18, 2005

HAMILTON, Bermuda -- Quanta Capital Holdings Ltd. (NASDAQ: QNTA), a company that provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, today announced that Mark C. Cloutier has been appointed Chief Claims Officer of Quanta Capital Holdings Ltd. and President of Quanta Technical Services, LLC (QTS). In this role, Mr. Cloutier will be responsible for Quanta's claims operations on a global basis as well as its technical services and consulting subsidiaries.

Mr. Cloutier has been with Overseas Partners Re Ltd. in Bermuda since February of 2002, most recently as President and Chief Executive Officer. While with Overseas Partners Re, Mr. Cloutier was credited with the successful liquidation of a significant portion of Overseas Partner's reinsurance liabilities and its orderly run off. Mr. Cloutier has held numerous management roles within the insurance industry throughout his career, including E.W. Blanch Holdings, Inc., TIG Holdings; Millers Group, and Lindsey Morden Claim Services. Mr. Cloutier also established an independent claim service company, Maxwell Cloutier & Associates, in British Columbia in 1982, which was sold when Mr. Cloutier pursued opportunities with Lindsey Morden.

Tobey J. Russ, Quanta's Chief Executive Officer, commented, "We are pleased to welcome Mark to Quanta. Mark's extensive experience and technical expertise is of great value to the Company as we focus on servicing our clients' claims and expand Quanta's technical services and consulting business. We look forward to working with Mark."

About Quanta Capital Holdings Ltd.

Quanta Capital Holdings Ltd., a Bermuda holding company, provides specialty insurance, reinsurance, risk assessment and risk consulting products and services through its subsidiaries. Through operations in Bermuda, the United States, Ireland and the United Kingdom, Quanta focuses on writing coverage for specialized classes of risk through a team of experienced, technically qualified underwriters. The company offers specialty insurance and reinsurance products that often require extensive technical underwriting skills, risk assessment resources and engineering expertise. Quanta is listed on the NASDAQ stock market and trades under the symbol QNTA.

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors are detailed in the company's filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements to reflect subsequent events or circumstances.