Announcement

May 1, 2022

Subject: Sale of Surplus Lines Managers insurance assets.

Dear Valued Agent,

After more than 50 years’ operating as a managing general agency, we have made the decision to sell our insurance business. This decision was not made lightly, and our goal was to find a buyer that will continue to provide you excellent service and stability with more choice than we have been able to offer in the past. We are pleased to announce that we have selected The Colonial Group of Greensboro, North Carolina to carry on our business with the care and values we have worked with for many years. We have known both Bob Burke, Chairman/CEO and Jason Haupt, President/COO for many years and have always respected their company’s success and integrity.

The Colonial Group has operated in primarily the East Coast, and they have maintained a solid reputation for decades. Fortunately, Colonial’s carrier partners align with ours to include American Modern, American Reliable, USLI and RLI. Colonial also has additional carrier relationships to include Penn America, Lloyd’s, London, and others. We are confident that there will be a smooth transition due to the fact we have common carriers working together for us and we will do everything necessary to make it as simple for you as possible.  Effective May 1, 2022, Bob Burke, Jason Haupt, the Colonial Group team, and the Surplus Lines Managers Team; Terry, Rob and Courtney will be joining the Colonial and assisting you during the transition and thereafter.

Thank you for being our agent for so many years. We are so grateful to have your business and we look forward to a smooth and successful transition.

We sincerely want you to know you deserve the very best.  We appreciate all the years you have chosen to work with us and wish you all the success in the future.  We leave you in extremely capable hands and will be here to assist in the transition.

Karen Edgerton/ CEO

On behalf of the entire team here at Colonial, we welcome the opportunity to serve you and earn your business. We have known Karen for many years and are very happy that she selected us. We have operated in the Mid-Atlantic and Southeastern states for decades and more recently in the Northeast and represent some of the best carriers in the specialty insurance business. If you do not know us, we encourage you to visit our website at www.thecolonialgroup.com. Over the next few weeks, we will reach out to you to review the transition details. We also plan to conduct some webinars to familiarize you with us and all that we do. Please know that we are ready to make this transition as smooth as possible for you.

Regards,

Bob Burke                           Jason Haupt

Chairman/CEO                   President/COO

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