ATLANTA, GEORGIA (September 2008) - On May 30, 2008, Quanta Capital Holdings Ltd. (NASDAQ: QNTA), a Bermuda holding company with interests in specialty insurance and reinsurance, entered into a definitive agreement for Catalina Holdings Ltd. and Catalina Alpha Ltd. to acquire Quanta for approximately $197.0 million. At closing, holders of the common shares of Quanta will receive $2.80 per share in cash, which represents a 55% premium to the volume-weighted average sale price per share over the 30 calendar days ending May 29, 2008. Catalina Holdings Ltd., a Bermuda holding company, specializes in the acquisition and management of non-life insurance and reinsurance companies and portfolios in run-off.

Quanta Holdings is a Bermuda holding company formed to provide specialty insurance and reinsurance, risk assessment and risk technical services on a global basis. Its specialty insurance product line focuses on professional liability, environmental liability, fidelity and crime, technical risk property, trade credit, political risk and surety. Its specialty reinsurance product line includes marine and aviation reinsurance and casualty reinsurance. Quanta maintains offices in Bermuda, Ireland, and the United States.

Navigant Capital Advisors, LLC (“NCA”) was engaged by the Special Committee of the Board of Directors of Quanta Capital Holdings Ltd. to render an Opinion as to the fairness, from a financial point of view, to the public stockholders of the consideration to be received by them as a group upon closing of the transaction. In connection with this Opinion, NCA reviewed and analyzed annual reports, financial statements, actuarial analyses, models, management presentations and reports, publicly available data, and certain business, financial and other information relating to the Company.