New York, NY – September 29, 2004 – Dean R. O'Hare, former chairman and chief executive officer of The Chubb Corporation, has been elected chairman of the board of directors for New York-based SeaPass Solutions, a leading developer of software for the insurance industry.

"I am delighted to head the SeaPass board because I am convinced that SeaPass has created a solution to what I thought for decades to be the most critical problem the insurance industry faces – real-time connectivity and communications," said Mr. O'Hare. "For years in the business, I have struggled with this issue and, frankly, thought it was impossible to resolve. Yet, from a single technology platform, the SeaPass solution literally enables easy, error-free data exchange and interaction among agents, carriers, brokers and wholesalers to get quotes and bind coverage in seconds. This solution is so critical to the future of the industry that I have given SeaPass my full support to help them succeed where existing systems currently have not."

O'Hare retired as chairman and chief executive officer of The Chubb Corporation, one of the world's leading property and casualty insurance companies, at the end of 2002, capping more than 40 years of distinguished leadership in the industry. He served as a member of the President's Advisory Committee on Trade Policy and Negotiations. He was a member of The Business Roundtable and the Global Business Dialogue on E-commerce, and was a financial governor of the World Economic Forum (Davos). He served as a director of the American Insurance Association for 15 years and as chairman for 4 years. O'Hare is currently a director of Fluor Corporation and H.J. Heinz Company, chairman of the New Jersey Partnership and Chairman of the United States Council for International Business.

"We are extremely fortunate to have as our chairman a business statesman of Dean O'Hare's stature," said SeaPass President of U.S. Operations, Eric Gewirtzman. "His prominence in both the national and international insurance industry, along with h is management insight and leadership will be a tremendous asset to our Board of Directors."

About SeaPass

SeaPass Solutions, founded in 2000, is headquartered in New York City . The company develops and markets solutions that enable insurance carriers, agents, brokers and wholesalers to transmit and receive data in real-time and leverage existing systems to automatically interact with one another, leading to reduced costs, better new business and successful transactions. Since mid-2001, SeaPass has been implementing its solutions at national insurance carriers, regional carriers, banks, large agencies and brokers.

SeaPass investors include, Hyperion, a world renowned merchant banking fund specializing in investments in financial-services related companies and pioneering technologies, and Platinum Neuron Ventures, a fund backed by global investors such as Bank of America. For more information about SeaPass, please visit: www.seapass.com