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RAM Holdings Ltd. Announces Steve Gralla’s Inability to Join the Board of Directors of its Operating Subsidiary RAM Re
HAMILTON, Bermuda – 08 April, 2011 - RAM Holdings Ltd. (the “Company”; BSX: RAMR.BH; Pink Sheets: RAMR.PK) and RAM Reinsurance Company Ltd. ("RAM Re") announced that Steve Gralla has informed RAM Re that he will be unable to accept his appointment to the Board of Directors of RAM Re. Mr. Gralla was elected, along with David Geiss, to the board of RAM Re by the holders of RAM Re's Class B preference shares at the previously announced special general meeting of holders of Class B preference shares.
About RAM
RAM Holdings Ltd. is a Bermuda-based holding company. Its operating subsidiary, RAM Reinsurance Company Ltd., provides financial guaranty reinsurance for U.S. and international public finance and structured finance transactions. More information can be found at www.ramre.com.
RAM Holdings Ltd.
David Steel, 441-296-6501
info@ramre.bm