E

Essex Insurance Co.

4551 Cox Road, Glen Allen, Va. 23060; 804-273-1400; fax: 804-273-1435

www.markelcorp.com

1997 1996

Gross premiums $161,167,072 $129,310,644

Non-admitted $115,132,512 $119,485,293

Commercial risks 71.4% 92.4%

Net premiums $114,711,797 $83,352,750

Paid-in capital $4,500,000 $4,500,000

Policyholder

surplus $77,601,421 $60,623,414

Employees 161 143

Combined ratio 1 87.5% 81.6%

Combined ratio 2 87.5% 81.7%

Net income $14,977,847 $14,146,645

Best's rating A A

S&P's rating A A

Founded: 1980.

Parent: Markel Corp.

Specialties: Property, general liability, inland marine, motor truck cargo, umbrella, excess casualty.

Approved non-admitted in: All states, excluding Delaware. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.

Admitted in: Delaware.

Officers: Stephen J. Vaccaro Jr., president; Alan Irving Kirshner, chairman; Anthony Foster Markel, vice chairman; Gregory Brian Nevers, secretary; Steven Andrew Markel, executive vp.

Contact: Jill Grode Goldfine.

F

Fulcrum Insurance Co.

199 Water St., 20th Floor, New York, N.Y. 10038-3526; 212-480-1900; fax: 212-480-1328

www.fulcrumins.com

1997 1996

Gross premiums $19,351,762 $4,872,775

Non-admitted $19,197,918 $4,885,245

Commercial risks 99.2% 100%

Net premiums $426,866 $529,910

Paid-in capital $4,500,000 $4,500,000

Policyholder

surplus $23,485,490 $22,528,681

Employees 21 19

Combined ratio 1 2.4% 120%

Combined ratio 2 NA 121.5%

Net income $1,174,402 $734,801

Best's rating A AS&P's rating AA- NA

Founded: 1994.

Parent: SOREMA North America Reinsurance Co.

Specialties: Catastrophe driven products, national accounts, technical risks, program business, commercial general liability.

Approved non-admitted in: All states excluding Connecticut, Maine, New Hampshire, New York, Rhode Island and Vermont. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.

Admitted in: New York.

Officers: Francois M. Chavel, chairman/president/CEO; Nicolas Papadopoulo, executive vp/chief underwriting officer; William J. Gelert, executive vp-risk (casualty); R. Daniel Peed, senior vp-risk (property); Mark J. Purcell, senior vp/CFO; Deborah L. Brady, senior vp/marketing director.

Contact: Deborah L. Brady.