Commutes all exposures to unnamed company; reveals $8.8m loss for Q4 2007

Alea Group Holdings has announced that it has reached an agreement to fully and finally commute all exposure under an excess of loss reinsurance treaty.

Alea Group expects to record an after-tax loss of approximately $8.8m in the fourth quarter of 2007, pursuant to the commutation terms.

The name of the ceding company was not revealed.