Tradition Re Hosts Dutch Market Auction for CME-Cleared Hurricane Index Contract

NEW YORK, March 4, 2010 - Tradition Re, the U.S. reinsurance division of Tradition, a leading
interdealer broker and a subsidiary of Compagnie Financiere Tradition, today
announced that it completed a Dutch auction on behalf of a reinsurance market
participant wishing to hedge their risk for the 2010 hurricane season in
Florida (BHF). Additional capacity was placed subsequent to the auction.

Offers were submitted in the form of point price levels, as traded on the
Chicago Mercantile Exchange (CME), for a Florida CME Hurricane Index (CHI)
Seasonal Accumulated Binary Option with a strike of 22. The total amount
cleared on the CME was 400 lots equaling USD 4,000,000 at a price of 11.43.
Formal proposals were submitted to Tradition and executed on March 2, 2010.
Participants in the auction encompassed a variety of participants from the
reinsurance and financial markets.

"While our core business is traditional reinsurance placements, we are
pleased to have tried and succeeded in bringing this innovative auction
approach into the reinsurance market," commented Patrick Gonnelli, Executive
Vice President for Tradition Re.

On March 2, Tradition Re also completed another CHI trade for a Second
Event Binary Texas-Florida (GF2) contract with a CHI strike of seven for
1,000 lots equaling USD 10,000,000 at a price of 24.42.

Notes to Editors on Dutch Auction:

For the Florida (BHF) auction, offers were accepted in a minimum bid size
of USD 1,000,000 (100 lots), with increments of USD 50,000 (50 lots)
thereafter. When a level was deemed to be acceptable, no less than a minimum
transaction size of USD 2,000,000 (200 lots) was executed through the
auction. The levels were posted on the CME.

    Inquiries
    ---------

    Patrick M. Gonnelli                             +1-441-292-5680
    Executive Vice President, Tradition Re

    Kendall Johnson                                 +1-203-967-0427
    MD and Global Head of Reinsurance and Weather Derivatives, Tradition

    Jennifer Van Hofwegen                           +1-212-791-6491
    Head of Marketing and Communications, Tradition

About Tradition

Tradition is one of the world's largest interdealer brokers in
over-the-counter financial and commodity related products. Represented in 27
countries, Tradition employs 2,450 people globally. Tradition is owned by
Compagnie Financiere Tradition (CFT) and listed on the Swiss stock exchange.

For more information, please visit www.tradition.com.

Patrick M. Gonnelli, Executive Vice President, +1-441-292-5680, or Kendall Johnson, MD, Global Head of Reinsurance and Weather Derivatives, +1-203-967-0427, or Jennifer Van Hofwegen, +1-212-791-6491, Head of Marketing and Communications, all of Tradition Re