ATLANTIC MUTUAL COMPANIES OPENS NEW OFFICE, INTRODUCES PERSONAL INSURANCE PROGRAM IN NASHVILLE

NASHVILLE, TN, June 2002 -- Atlantic Mutual Companies, a leading provider of personal insurance products and services for affluent individuals, today announced the opening of its new offices in Nashville to provide comprehensive personal lines coverage for multiple homes, automobiles, boats, valuable possessions and personal liability.

"Tennessee and the Nashville region are two of America's and the Mid-South's most dynamic centers of business growth, with expanding global links that cross all boundaries of international trade and all business sectors," notes Mark Talmadge, Tennessee's Territorial Manager for Atlantic Mutual Companies, a leading provider of property and casualty insurance since 1842. "The market has grown dramatically from music and entertainment to health care management, publishing, automobile parts and assembly and information technology. Consequently, Tennessee today has a growing and highly mobile community of individuals who need specialized insurance to cover more than one home, worldwide coverage for their valuables and collectibles, and higher levels of liability," he notes.

Nashville, Talmadge points out, is ranked as one of the top U.S. cities likely to have the highest job growth over the next five years. And Tennessee overall has added more than 812,000 new people growing to nearly 5.7 million people in the last decade.

"Every city and county of the region is being influenced by this growth which has created jobs for thousands of senior executives and professionals here," he explains.

To meet their personal insurance needs, eight of the state's premier insurance agents are working with Atlantic Mutual to provide superior personal lines coverage. They include Cooper, Love and Jackson, Frank E. Neal and Company, Frost Specialty, Polk and Sullivan and Security Insurance, Inc., all of Nashville, Acordia of Tennessee in Hendersonville, Chappell, Smith and Associates in Franklin and Willis of Tennessee in Knoxville.

"Each of these agents provides our unique Atlantic Master Plan coverage which includes sophisticated primary and vacation home coverage and automobile programs with up to $10 million in vehicle liability coverage," Talmadge explains.

The agents are supported by Atlantic Mutual's network of claims and appraisal experts who specialize in homes valued at $500,000 or more and personal property commonly in the millions of dollars.

"Our years of experience in this market insure the policy limit is a true reflection of the homes' replacement values, Talmadge emphasizes. "We work directly with our clients to determine the appropriate insurance limits for their homes and their valuables and we provide a network of restoration professionals who can help repair damaged property and valuables to their original specifications."

In addition, agents and Atlantic Mutual appraisers provide a custom appraisal report that analyzes the content of the home in detail and provides information to make homes safer.

"Tennessee's growth has been carefully marshaled to protect its culture and charm while at the same time nurturing it as one of the most successful regions in the nation and the Mid-South," said Talmadge. "Atlantic Mutual and its agents are here to protect that success."

For further information about Atlantic Mutual and its unique personal lines coverage, contact Mark Talmadge at 201 East Main Street, Murfreeesboro or call 615-907-8194.

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