ATLANTIC MUTUAL INSURANCE COMPANY TEAMS WITH AMERICAN EXPRESS® CARDS

Policyholders Can Now Pay Personal Insurance Premiums With The Card

NEW YORK, NY, FEBRUARY 18, 2002 -- The Atlantic Mutual Insurance Company (Atlantic Mutual) today announced that its policyholders can now use their American Express® Cards to pay their personal insurance premiums.

American Express Cardmembers need only complete one authorization agreement with Atlantic Mutual that permits the company to charge their accounts during the applicable billing cycles. The Atlantic Mutual credit card payment option is available in most states.

"We are extremely pleased to team up with American Express to offer this payment option," said Daniel H. Olmsted, senior vice president, Personal Insurance Division, Atlantic Mutual Insurance Company. "This is just one more value-added benefit our customers have come to expect as we continue to offer a sophisticated approach to personal insurance."

"We know that our Cardmembers want to put more and more of their expenses on the American Express Card," said Glenda McNeal, vice president, new industries, American Express. "It allows them to earn valuable Membership Rewards points and to track and consolidate their spending. Teaming up with Atlantic Mutual is a terrific win for our mutual customers."

About The Atlantic Companies

The Atlantic Companies, also known as Atlantic Mutual, is a group of diversified financial services companies with a Wall Street heritage dating back to 1842. The group is widely known for the Atlantic Master Plan insurance program, which is designed specifically for affluent individuals and sold through a select group of independent agents. The Atlantic Companies acts as a property-casualty insurer, manages claims for commercial insurance, and helps other business partners target profitable niches in the insurance marketplace. Additional information about The Atlantic Companies and the Atlantic Master Plan can be found at www.atlanticmasterplan.com.


Contact: Peter G. Scott
Corporate Marketing & Communications
973-408-6044