Quanta Capital Holdings Receives Approval to Establish Branch Office in London, England.

HAMILTON, Bermuda -- Quanta Capital Holdings Ltd. (NASDAQ:QNTA), a company that provides specialty insurance, reinsurance and risk consulting services through its subsidiaries, today announced the opening of a London insurance branch following the receipt, by its subsidiary Quanta Europe Ltd, of

This newly established branch office will enable Quanta Europe to access the London market through both wholesale and retail producers. The branch office will underwrite specialty insurance products with the initial focus being on Environmental liability, Professional liability, Financial Institutions and Trade & Political risks. The branch office, which will be complementary to Quanta Europe's existing operation in Dublin, is currently staffed by a team of four underwriters. Quanta Europe intends to add additional underwriters in both the European headquarters in Dublin and the newly established London Branch.

Tobey Russ, Chairman and Chief Executive Officer of Quanta Capital Holdings welcomed the approval commenting, "The establishment by Quanta Europe of its London branch further expands our capabilities in both the London and wider European markets and contributes to the execution of Quanta's European specialty lines strategy."

About Quanta Capital Holdings Ltd.

Quanta Capital Holdings Ltd., a Bermuda holding company, provides specialty insurance, reinsurance, risk assessment and risk consulting products and services through its subsidiaries. Through operations in Bermuda, the United States, Ireland and the United Kingdom, Quanta focuses on writing coverage for specialized classes of risk through a team of experienced, technically qualified underwriters. The company offers specialty insurance and reinsurance products that often require extensive technical underwriting skills, risk assessment resources and engineering expertise. Quanta is listed on the NASDAQ stock market and trades under the symbol QNTA.

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors are detailed in the company's filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements to reflect subsequent events or circumstances.