Peerless Insurance™ Named Big I New York Personal Lines Company Partner of the Year #business

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Peerless Insurance™ Named Big I New York Personal Lines Company Partner of the Year

Keene, N.H. – February 3, 2009 – Peerless Insurance, a Liberty Mutual Agency Markets regional company, has been awarded Outstanding Super Regional Personal Lines Company Partner by the Independent Agents and Brokers of New York (IIABNY).

The award recognizes Peerless Insurance for its highest personal lines performance scores among more than 200 member agencies surveyed twice in 2008. Agency principals and those responsible for carrier relations rated companies in six areas, including underwriter empowerment, ease of technology, honesty and fairness, responsiveness of field personnel, fairness of profit-sharing, and whether the agency-carrier relationship is a true partnership.

“We are honored to receive this award from Big I of New York and their member agencies,” said Michael Christiansen, president and chief executive officer, Peerless Insurance. “It symbolizes the consistency and strength in our agency relationships. We’ve invested in advancing technology capabilities and local decision-making to promote our agents’ ease-of-doing business and it’s making a difference for us in New York.”

IIABNY Chair Neal L. Sullivan presented the award to Mr. Victor Pepin. formerly vice president, Personal Lines Underwriting, Peerless Insurance, and now vice president and Northeast regional general manager, Safeco? Insurance.

“High marks for Peerless in IIABNY’s latest survey demonstrates the company’s deep commitment to independent agents,” said Mr. Sullivan.

“With the coming transition of personal lines from Peerless to the new Safeco Insurance, we will continue to support our agents in the field and from our local office in Syracuse,” said Mr. Pepin. “Our agents can look forward to a broader appetite, greater product innovation, and increased agent touch points while still delivering the local presence, authority and local market knowledge that Peerless is known for and Safeco will carry forward.”

In 2008, Peerless Insurance increased its New York personal lines premium growth by approximately 30% and added greater field presence, bringing to six the number of territory managers supporting its appointed agencies throughout New York.

About Peerless Insurance

With underwriting companies dating back to 1901, Peerless Insurance offers a comprehensive set of commercial property and casualty insurance products and coverages distributed only through appointed independent agents. Headquartered in Keene, New Hampshire, Peerless Insurance offers insurance products in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont.

About Safeco

In business since 1923 and based in Seattle, Washington, Safeco sells insurance to drivers and homeowners through a network of independent agents and brokers in eight regions throughout the United States.

Peerless Insurance and Safeco are part of Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group, consisting of property and casualty and specialty insurance carriers that distribute their products and services primarily through independent agents and brokers. Liberty Mutual Group ranks 94 on the Fortune 500 list of the largest U.S. corporations based on 2007 revenues. The company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody’s Investors Service, and A- (Strong) from Standard Poor’s.

About IIABNY

The Independent Insurance Agents Brokers of New York, Inc. has represented the common business interests of independent insurance professionals since 1882. More than 1,900 agencies and their 18,000 employees currently rely on the DeWitt, New York-based not-for-profit trade association for legislative advocacy, continuing education and other means of industry support. In addition, many IIABNY members represent Trusted Choice®, a national consumer brand uniting more than 7,000 independent agencies across the United States. For more information, go to www.trustedchoice.com or www.iiabny.org.

Contacts: Christopher Goetcheus, 774-279-5923

or [email protected]

Paul Hollie, 206-473-5745

[email protected]





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