Michael L. Waterman Has Joined the Reinsurance Business of Towers Perrin

As a resource of both the Reinsurance business
of Towers Perrin and the Consultative Placement Practice, he can
access both the insurance and reinsurance markets for the firm's
clients.

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Prior to joining the firm, Mike led the underwriting operations at
NLC Mutual and Coregis.

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Most recently, he was Sales Director for Pools
+ Associations at Trident Insurance Services. Through its
Reinsurance business, Towers Perrin provides global reinsurance
intermediary services and consulting expertise that focus on the
creative blending of traditional and nontraditional risk transfer
vehicles.

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"There are few
people who can be both effective consultants to clients , and also get
the deal done in the market; Mike is one of those people.

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"Mike is widely considered one of the best public entity risk
underwriters around, and this will serve our clients well, as we
continue to bring more and better markets and capacity to meet public
entities' and pools' insurance and reinsurance needs," said Jenny
Emery, who leads the firm's Public Entity Initiative .
"With key industries aligning in the state, Colorado is leading the
technology industry's economic recovery to the next phase of global
development," said Brian Vogt, Director of the State Office of Economic
Development + International Trade.

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Together, these businesses have 78 offices in 76 cities in
24 countries.towersperrin.com/reinsurance

DENVER, Governor Owens is proclaiming
October 17-21 Colorado Tech Week, transforming the Annual Tech Summit into a
statewide event with business, academic and community technology
demonstrations and celebrations taking place over five days around Colorado.

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About Towers Perrin and Reinsurance

Towers Perrin is a global professional services firm that helps
organizations around the world improve their performance through
effective people, risk and financial management.

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Towers Perrin's Public Entity Initiative delivers the
highest quality services and greatest value to its clients as the
broker that understands the financial dynamics of public entity risk,
and can deliver the markets to write it.

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They include business retention and relocations services, a
bioscience and emerging industries program, business finance programs like the
Venture Capital Authority and CAPCO, the Colorado Tourism Office, the Colorado
Office of International Trade, the Colorado Small Business Development
Centers, minority- and women-owned business services and economic research.

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----Towers Perrin, a
global professional services firm, today announced that Michael L.
Mike will be a key player in the firm's Public Entity Initiative ,
bringing extensive experience as an underwriter and broker for public
entities pools.

Colorado Tech Week to Celebrate and Showcase Statewide Innovation

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More information about Reinsurance is available at
http://www.

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AdvanceColorado.

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"Tech Week will bring communities together
while drawing national and international attention to the incredible
opportunities that are spreading across Colorado and around the world."

What: Colorado Tech Week

When: October 17-21, 2005

Details: Demonstrations and events at various companies, communities
and educational institutions around Colorado

The Colorado Office of Economic Development and International Trade offers
a host of programs and services tailored to support business development at
every level.

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Waterman has joined the firm's Reinsurance business as Vice President
in the Chicago office.

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For more information or to sign up for OEDIT's free eNewsletter, visit
http://www.

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Business Editors/Human Resources Writers

STAMFORD, Conn.

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Areas of focus include reinsurance strategy and program
review , claims management and program administration, catastrophe
exposure management, contract negotiation and placement, and market
security issues. The firm's other businesses are HR Services, which
provides human resource consulting, and Tillinghast, which provides
management and actuarial consulting to the financial services
industry.com.