American Safety Insurance Holdings, Ltd. (American Safety Insurance) is a specialty insurance company that provides customized insurance products and solutions to small and medium-sized businesses in industries. The Company has developed specialized insurance coverages and alternative risk transfer products not generally available to customers in the standard insurance market. American Safety Insurance specializes in underwriting these products for insureds with environmental risks and construction risks as well as in developing programs for other specialty classes of risks.

Affirmative Insurance Holdings, Inc., is a producer and provider of non-standard automobile insurance policies to individual consumers in highly targeted geographic markets. Non-standard personal automobile insurance policies provide coverage to drivers who find it difficult to obtain insurance from standard insurance companies due to their lack of prior insurance, age, driving record, limited financial resources or other factors. These policies generally require higher premiums than standard policies for comparable coverage. Affirmative currently offers products and services in 12 states, including Texas, Illinois and California.

American Fidelity Assurance Company is a unique, family-owned organization providing insurance products and financial services to education employees, trade association members and companies throughout the United States and across the globe. It is the second-largest private, family-owned life insurance company in the United States. It’s core business includes disability income insurance, life insurance, annuities and supplemental health insurance. Headquartered in Oklahoma City, American Fidelity has more than 1,400 employees in 26 locations across the nation.

Erie Indemnity Company is a Fortune 500 company providing sales, underwriting and administrative services to Erie Insurance Exchange, a reciprocal insurance exchange. The company is also engaged in property/casualty insurance through its three subsidiaries and retains common stock in Erie Family Life, an affiliated life insurance company.

RenaissanceRe Holdings Ltd. (RenaissanceRe) is a global provider of reinsurance and insurance. It primarily consists of four components: (1) catastrophe reinsurance; (2) catastrophe reinsurance written for the account of joint ventures; (3) specialty reinsurance, which includes all lines of reinsurance written by RenaissanceRe other than property-catastrophe reinsurance; and (4) individual risk business which includes primary insurance and quota share reinsurance.

Resolution is the leading consolidator of closed life funds in the UK with approximately 6 million policies and combined life company assets of £35 billion. Life companies owned by Resolution include The Phoenix Life Group and The Britannic companies.

Mercury General is the leading independent broker and agency writer of automobile insurance in California and has been one of the fastest growing automobile insurers in the nation. It is ranked as the third largest private passenger automobile insurer in California, with total assets over $3 billion.

Euler Hermes is the world’s leading credit insurer, employs 5400 staff members worldwide and has a market share of 34%.As the leading credit insurer in Germany, Hermes has built up key positions in Eastern and Northern Europe.

Industrial Alliance Insurance and Financial Services is a life and health insurance company that was founded in 1892. Its primary mission is to offer insureds and their beneficiaries financial protection in the event of death, disability or illness.

StanCorp Financial Group is the holding company for a group of companies providing insurance and investment products to approximately 7 million customers. It’s subsidiaries serve customers nationwide with group and individual disability insurance, group life and dental insurance, retirement products and services including investment advice, and commercial mortgage loans.

Markel Corporation is an international property and casualty insurance holding company headquartered in Richmond, VA. It sells specialty insurance products and programs to a variety of niche markets.

Phoenix Companies, Inc., is a premier provider of wealth management products and services - life insurance, annuities and asset management for the affluent and high net worth. It delivers its products and services through a variety of select advisors and financial services firms.

AmerUs Group is one of the country’s leading insurance and annuity providers, offering high-value products and security to its customers.

Allmerica is one of the nation’s oldest insurance carriers. With more than 4,500 employees, Allmerica is well positioned, strategically and geographically, to meet the demands of individuals, businesses, and Independent Insurance Agents. Allmerica’s products incorporate the strength and capabilities of a national insurer and the local focus and knowledge of a regional carrier.

Shin Kong Financial Holding Company (SKFHC) provides total integrated financial services in response to globalizing trend in the financial services industry. As of the end of 2003, the company had a capitalization of approximately NT$24 billion.There are five subsidiaries under SKFHC, including Shin Kong Life Insurance, Shin Kong Securities, and Shin Kong Insurance Brokerage, and the recently added New Light Asset Management Company and United-Credit Commercial Bank.

The PMI Group, Inc., headquartered in Walnut Creek, California, is an international provider of credit enhancement products and lender services that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the Company offers residential mortgage insurance and credit enhancement products domestically and internationally, lender services and financial guaranty reinsurance.

The UNIQA Group Austria is one of the leading insurance groups in Central Europe and consciously combines its Austrian individuality with European stature. The UNIQA Group offers its products and services through all sales channels (own employees, general agencies, brokers, banks and direct sales). UNIQA is active in all insurance sectors, the clear market leader in Austria for personal insurance and one of the largest property insurers in the country.

SCOR provides treaty and facultative (individual risks) reinsurance through offices worldwide. The company reinsures property and casualty, life, accident, and health insurance lines. Most of SCOR’s business comes from Europe and North America.

Arch Capital Group Ltd. is a Bermuda public limited company with over $2.5 billion in capital, with insurance and reinsurance subsidiaries in Bermuda, the United States and Europe. Its subsidiaries provide a full range of property and casualty insurance and reinsurance products on a global basis, with a focus on specialty lines of business.

Unitrin is a $3 billion financial services company providing a diverse array of insurance and consumer finance products and services for individuals, families, and small businesses. Among the brands in Unitrin’s Property and Casualty Insurance business are Kemper Auto and Home, Unitrin Specialty, and Unitrin Business Insurance, which sell personal and commercial insurance through a network of independent agents, and Unitrin Direct, which sells auto insurance directly to consumers.

Converium is an independent international multi-line reinsurer known for its innovation, professionalism and service. In 2004, Converium wrote US$ 3,553 million in net reinsurance premiums. Today, the company employs about 650 people in 20 offices around the globe.

The services are provided through Standard Property & Casualty Reinsurance, Specialty Lines and Life & Health Reinsurance, which are based principally on ongoing global lines of business, as well as the Run-Off segment, which primarily comprises the business from Converium Reinsurance (North America) Inc., excluding the US originated aviation business portfolio.

Protective Life Corporation and its subsidiaries provide financial security through insurance and investment products to individuals and families across the United States. Life insurance products are marketed through its Life and Annuity Division and West Coast Life Division and under the banners of four companies: Protective Life Insurance Company, West Coast Life Insurance Company, Empire General Life Assurance Corporation, and Protective Life and Annuity Insurance Company.

Protective Life Insurance Company has had consistently high ratings from independent rating organizations who assign ratings measuring financial strength or claims-paying abilities. They consider factors such as overall operating performance, asset quality, financial flexibility, and capitalization.

Fairfax Financial Holdings is a holding company that provides insurance and reinsurance. The company’s subsidiaries (including Northbridge Financial, Odyssey Re, and Crum & Forster) offer a complete line of insurance products, with a focus on property/casualty coverage such as trucking, oil, and gas insurance. The firm provides investment management, claims adjusting, and risk management services through its subsidiaries as well.

Mediolanum is an Italian company born in the financial services sector, founded by the emblematic Ennio Doris, already familiar as the founder of none other than Banca Fideuram and director of the insurance company RAS. Mediolanum is involved in investment funds, life assurance and the personal banking business.While it is not the market leader in any of these sectors, it benefits from some of the most powerful technological tools and has successfully taken up the challenge of the Internet and digital television. It thus offers on-line banking and brokerage services, even giving customers access to their accounts via digital television.Mainly present in Italy for the moment, Mediolanum’s strategy includes interests in Germany and Spain, aiming to reproduce abroad the technological platform that has contributed to its success at home.

Headquartered in Philadelphia and with significant operations in New York and London, Radian is a leading provider of credit enhancement for the global financial and capital markets. Built on a foundation of evaluating credit risk, the products and services it provides in mortgage insurance, public finance, structured finance, reinsurance and other financial services help clients and investors manage risk expertly and prudently.

HHG, financial services and consultancy founded in 2003. Present in international circles, in Europe, the United States and Asia, the British company proposes, via its six subsidiaries, a large range of products and services to individuals, companies and institutions. Henderson specialise in share management with a portfolio of shares from companies originating from all areas of the planet.Pearl, London Life, National Provident Life and NPI Limited have all turned to them for life insurance and pension funds (with more than 5 million customers today).Finally, Towry Law is a specialist in consultancy for financial investments, as well as loans and insurance products.

Chartered in 1905, American National Insurance Company has evolved into an industry leader, ranking among the largest of life insurance companies in the United States.The company and its subsidiaries provide personalized service to more than 5 million policyholders throughout 50 states, the District of Columbia, Puerto Rico, and American Samoa. American National is authorized to sell its products to American military personnel in Western Europe. Through its subsidiary, American National de México, Compañía de Seguros de Vida, American National is authorized to sell its products in Mexico.

AXIS Capital is the Bermuda-based holding company of the AXIS Group of Companies. AXIS Capital provides specialty insurance and treaty reinsurance on a global basis through operating subsidiaries and branch networks based in Bermuda, the United States, the United Kingdom, Ireland and Switzerland and through a representative office in Singapore.

Samsung Fire & Marine Insurance is the Seoul casualty brother #1. South Korea’s largest casualty company sells nonlife insurance, including policies for automobiles, ship hulls, and cargo. It also provides fire and injury policies, as well as long-term health coverage. As the company has recovered from the collapse of the South Korean economy, it has streamlined operations to compete in an increasingly deregulated market — one that allows foreign competition. The firm has entered foreign countries such as China and Japan, forming a business alliance with People’s Insurance Company of China and Tokio Marine.

PICC Property and Casualty Company Limited (”PICC P&C”) is a joint stock company with limited liability, which was incorporated on 7 July 2003 by The People’s Insurance Company of China as its sole promoter. The People’s Insurance Company of China was renewed and re-registered as PICC Holding Company. PICC Holding Company injected all of its commercial insurance operations, together with related assets, liability and subsidiaries into PICC P&C. Now, PICC P&C is a leading P&C insurance company in China providing a broad range of P&C insurance products for a wide variety of customers throughout China.

First and foremost, MGIC Investment, through Mortgage Guaranty Insurance Corp. (MGIC), is a private mortgage insurer. Secondarily, MGIC Investment, through MGIC and other subsidiaries and investments, provides numerous products and services that enhance mortgage lenders’ ability to meet the home loan needs of American families.

It starts with private mortgage insurance. MGIC, the principal subsidiary of MGIC Investment, has enabled millions of American families to attain homeownership. Private mortgage insurance has been part of the nation’s homeownership fabric for approximately 50 years. Its role is critical - it makes it possible for lenders to provide loans to borrowers who make less than 20 percent down payments.

The First American Corporation, through its family of companies, is the nation’s leading provider of business information and related products and services. Its subsidiaries operate within three complementary business segments: title information and services, which provides insured information about real property along with technical and software solutions for the real estate industry; real estate information and services, which provides a full menu of products and services that mortgage lenders need to originate, close and service loans; and consumer information and services, which offers a broad range of credit reporting, insurance services and other informational products that operate independent of interest rate and real estate cycles. Each of these business segments leverage First American’s advanced technology infrastructure designed to automate production and electronically speed delivery of information across the company’s network and directly to its customers.

American Financial Group (”AFG”) is engaged primarily in property and casualty insurance focusing on specialized commercial products for businesses, and in the sale of annuities, supplemental insurance and life products. The Company is committed to building value for its shareholders as property and casualty insurance and annuity specialists, providing profitably priced quality products and services to its customers and offering a rewarding work environment for its employees.

Willis Group Holdings Limited provides specialized risk management advisory and other services to clients in various industries, including aerospace, marine, energy, and construction industries. It acts as an intermediary between clients and insurance carriers by advising clients on risk management requirements. The company also offers various services to its clients, which enable them to identify and control their risks. These services primarily comprise strategic risk consulting, including providing actuarial analyses; due diligence services; and practical on-site risk control services, such as health and safety, or property loss control consulting. In addition, Willis Group assists clients in planning how to manage incidents or crises when they occur. These services include contingency planning, security audits, and product tampering plans. The company has approximately 300 offices in 80 countries.

Old Republic International Corporation is among the nation’s 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The Company is primarily a commercial lines underwriter, serving many of America’s leading industrial and financial services companies as valued customers.

Old Republic’s record as a long-term growth company is one of the best in the industry. The Company’s performance reflects an entrepreneurial spirit, sound forward planning, and a corporate structure that promotes and encourages assumption of prudent business risks.

Headquartered in suburban Indianapolis, Indiana, Conseco, Inc. is one of middle America’s leading sources for supplemental health insurance, life insurance and annuities. Through the subsidiaries and a nationwide network of distributors, Conseco helps nearly 5 million customers step up to a better, more secure future. Conseco is a Fortune 500 company, with more than $4 billion in annual revenues.

Storebrand, banking and insurance. The group work in finance and moreover specialise in three segments of this sector of activity.Firstly, share management with Storebrand Investments: they advise their customers (individuals, companies and institutions) and offer them a large range of financial products and investments.Then there is life insurance with Storebrand Life Insurance: life insurance policies, retirement savings plans and pension funds to offer their customers additional retirement income. There efforts have paid off as thirty of the fifty largest national companies have placed their trust in them.Finally there is Storebrand Bank who offers traditional retail banking services (account management, credit cards, mortgage loans).

PartnerRe, Ltd. operates as an international reinsurance group worldwide. The company provides reinsurance to risks, which include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering/energy, marine, special risk, and life/annuity and health. It also offers financial products that provide weather and credit protection to industrial and service companies. The company’s property business provides reinsurance coverage to insurers for property damage or business interruption losses resulting from fires, catastrophes, and other perils covered in industrial and commercial property, and homeowners’ policies. Casualty business includes third party liability, employers’ liability, workers’ compensation, and personal accident coverage. Its motor business includes reinsurance coverage for third party liability and property damage. The company reinsures agriculture risks, such as flood, drought, hail, and disease related to crops, livestock, and aquaculture. It provides specialized reinsurance protection in airline, general aviation, and space insurance. The company provides catastrophe reinsurance protection, against the accumulation of losses caused by windstorm, earthquake, flood, or by any other natural hazard. Its credit reinsurance provides coverage to commercial credit insurers. Engineering/energy business provides coverage for the onshore oil and gas industry, mining, power generation, and pharmaceutical operations.

Mapfre Asian Insurance Corporation is one of the Philippines more dynamic non-life insurance companies backed by seven decades of experience.

Adopting the technical expertise of its major stockholder, Sistema Mapfre, a foremost provider of a wide range of financial services in Spain, Mapfre Asian continuously gears its efforts towards being the country’s most preferred insurance company. Mapfre Asian envisions itself as a company known for its excellent customer service, enduring partnership with intermediaries and highly professional way of conducting business.

Through the years, Mapfre Asian has consistently ranked as one of the leading insurers in terms of gross sales and premiums earned and established a solid reputation for being a financially stable insurance company.

W. R. Berkley is a holding company that operates in all areas of the property & casualty insurance industry. Subsidiaries such as Acadia Insurance, Continental Western Insurance, Union Standard Insurance, and Firemen’s Insurance offer personal and commercial lines including automobile, homeowners, and small business insurance. W. R. Berkley’s reinsurance operations are handled by Signet Re and other units. Still other subsidiaries offer such specialty coverage as excess & surplus, professional liability, and commercial transportation insurance.

Torchmark Corporation (Torchmark) is an insurance holding company. Its primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and United Investors Life Insurance Company (United Investors). Torchmark’s insurance subsidiaries write a variety of non-participating ordinary life insurance products. These include traditional and interest sensitive whole-life insurance, term-life insurance and other life insurance.

UnumProvident is the US’s largest disability insurer, offers individual and group short-term and long-term disability insurance, as well as such specialty coverage as long-term care, cancer, and travel insurance. Other operations include the GENEX Services unit, which provides disability management services, vocational rehabilitation, and related services to corporations, third-party administrators, and insurance companies. The Maclellan family (whose members managed the company for several generations) owns about 5% of the company.

Ambac Financial Group sells financial guaranty insurance and provides other investment services. Its flagship Ambac Assurance writes municipal bond insurance and insures municipal and structured finance obligations. Ambac Financial also provides triple-A investment contracts to states and municipalities. Its financial services segment offers investment contracts, interest rate swaps, and investment management primarily to states and municipal authorities in connection with their bond financing.

White Mountains Insurance Group, Ltd. (White Mountains) operates in the businesses of property and casualty insurance and reinsurance. White Mountains’ business segments are OneBeacon, White Mountains Re, Esurance and Other Operations. The OneBeacon segment consists of the OneBeacon Insurance Group LLC family of companies, which are United States-based property and casualty-insurance writers. White Mountains Re offers lead capacity for reinsurance on most liability, property, and accident and health exposures, as well as reinsurance advisory services. Esurance markets personal auto insurance directly to customers and through select online agents. White Mountains’ Other Operations segment consists of the Company and its intermediate holding companies, as well as the International American Group, Inc.

Royal & Sun Alliance Insurance Group Plc is one of the main British insurance groups, covering companies and private individuals. Its personal insurance services include life insurance policies and general insurance - health, home, car and travel. Its commercial insurance covers real estate and equipment. The Group also runs a range of financial services, such as stock portfolio management. Royal & Sun Alliance Insurance Group Plc is a global player; it has millions of clients throughout the world, operates in some 50 countries.

Everest Re Group, it is the holding company for Everest Reinsurance Company (Everest Re), an underwriter of property & casualty reinsurance and insurance. Everest Re markets to US and international insurance companies directly and through independent brokers. Under its reinsurance arrangements, Everest Re assumes risks of certain policies written by other insurance companies. The company offers specialized underwriting in several areas, including property & casualty, marine, aviation, and surety, as well as medical malpractice, directors and officers liability, and professional errors and omissions liability.

Aioi Insurance was formed when Dai-Tokyo Fire & Marine Insurance acquired Chiyoda Fire & Marine Insurance in 2001. One of the largest property and casualty insurers in Japan, Aioi Insurance focuses on auto insurance products, but also offers personal accident, property, fire, and marine lines. Aioi Insurance and Toyota (which owns more than a third of the company) have collaborated on some programs, including one that lets the automaker’s customers access emergency road assistance services using a mobile phone and a credit card.

MBIA Inc. is a premier financial guarantee company and a leading provider of investment management products and services. With offices in New York, Denver, San Francisco, Paris, London, Madrid, Milan, Singapore, Sydney and Tokyo, MBIA services the needs of clients with local solutions around the globe.

Through MBIA Insurance Corp. and its subsidiaries, the company provides financial guarantees to help public-and private-sector entities access the capital they need to ensure their growth and prosperity. MBIA guarantees municipal bonds, infrastructure finance issues, structured asset-backed and mortgage-backed transactions in both the new issue and secondary markets — internationally as well as domestically. Through MBIA Asset Management, LLC., MBIA provides specialized investment opportunities and a broad range of services to state and local governments, academic institutions and other public- and private-sector investors, as well as municipal and consulting services to the public sector. MBIA is rated Triple-A by Moody’s, Standard & Poor’s, Fitch and Rating and Investment Information.

Insurance Australia Group (IAG) provides business and personal insurance including workers’ compensation, auto, health, and life insurance. IAG also offers retirement products such as annuities and allocated pensions. The company has been talking with China Pacific Insurance and may acquire its property unit in a deal worth about $250 million.

Cincinnati Financial Corporation keeps all species safe. Its flagship Cincinnati Insurance (with subsidiaries Cincinnati Casualty and Cincinnati Indemnity) sells commercial property, liability, auto, bond, and fire insurance; personal lines include homeowners and liability products. Cincinnati Life sells life, disability income, and annuities. The company’s CFC Investment subsidiary provides financing, leasing, and real estate services, and its CinFin Capital Management leverages the company’s in-house asset management expertise.