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Management

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Michael H. Lee

Chairman of the Board, President and Chief Executive Officer

Mr. Lee currently serves as Chairman of the Board of Directors, President and Chief Executive Officer and has held these positions at the Company since its formation in 1995 and at its subsidiaries since their formation. Before founding the Company's first insurance subsidiary, Tower Insurance Company of New York, in 1990, Mr. Lee was an attorney in private practice specializing in advising entrepreneurs on the acquisition, sale and formation of businesses in various industries. Mr. Lee received a B.A. in Economics from Rutgers University in 1980 and a J.D. from Boston College Law School in 1983. He is admitted to practice law in New York and New Jersey. Mr. Lee has worked in the insurance industry for over 20 years with experience in insurance, finance, underwriting, sales and marketing, claims management and administration and law. Mr. Lee also served as Chairman, President and Chief Executive Officer of CastlePoint Holdings, Ltd. from its formation in 2006 until its merger into the Company in February 2009.

The Board of Directors believes that Mr. Lee possesses the experience, qualifications, attributes, and skills necessary to serve on the Board because of his more than 20 years of experience in all aspects of insurance, finance, mergers and acquisitions and the formation of various businesses, his having provided leadership and strategic direction to the Company as its founder, Chairman, President, and Chief Executive Officer since 1995, and his unparalleled knowledge of the Company and its business.

Holdings: 3,271,775 shares     View Transactions

Date	Type	Shares Traded	Price Range
Aug 26, 2010	Acquisition (Non Open Market)	59	2.78
Aug 26, 2010	Sell	59	22.80
Aug 18, 2010	Acquisition (Non Open Market)	37,153	2.78
Aug 18, 2010	Sell	37,153	22.89
Apr 5, 2010	Disposition (Non Open Market)	7,065	21.96
Mar 29, 2010	Disposition (Non Open Market)	1,478	22.10
Mar 15, 2010	Disposition (Non Open Market)	12,293	21.92
Mar 5, 2010	Acquisition (Non Open Market)	98,992	n/a
Dec 31, 2009	Acquisition (Non Open Market)	11,459	23.54
Dec 31, 2009	Disposition (Non Open Market)	5,552	23.54
Mar 30, 2009	Disposition (Non Open Market)	1,478	23.83
Mar 19, 2009	Acquisition (Non Open Market)	12,600	2.78 - 25.00
Mar 16, 2009	Disposition (Non Open Market)	2,690	23.44
Mar 13, 2009	Acquisition (Non Open Market)	24,270	n/a
Mar 13, 2009	Disposition (Non Open Market)	3,699	23.34
Feb 5, 2009	Acquisition (Non Open Market)	346,752	24.98
May 5, 2008	Disposition (Non Open Market)	12,744	23.48
May 5, 2008	Disposition (Non Open Market)	2,281	23.72
Mar 28, 2008	Disposition (Non Open Market)	1,367	25.69
Mar 15, 2008	Disposition (Non Open Market)	2,404	23.72
Nov 19, 2007	Disposition (Non Open Market)	13,166	31.69
Jun 5, 2007	Disposition (Non Open Market)	15,750	n/a
Mar 13, 2007	Acquisition (Non Open Market)	30,414	n/a
Mar 1, 2007	Acquisition (Non Open Market)	27,650	n/a
Mar 31, 2006	Acquisition (Non Open Market)	15,191	n/a

Salvatore V. Abano

Senior Vice President and Chief Information Officer

Mr. Abano joined the Company in June 2008 as Senior Vice President and Chief Information Officer. From 2006 to 2008, he served as Vice President of Technology, Systems Development and Infrastructure for QBE the Americas. From 2004 to 2006, Mr. Abano was the Chief Technology Officer in the United States Army, under Operation Iraqi Freedom III, for the central region of Iraq. He was awarded the Bronze Star, Combat Action Badge, and other prestigious awards during his military reserves deployment. Mr. Abano is now a retired Lieutenant Colonel from the military reserves with 26 years of service. Prior to his overseas deployment, Mr. Abano held the position of Vice President and CIO for Kemper Insurance Companies Northeast Region from 1999-2004, and was Assistant Vice President of Technology and Strategic Software Development for Munich Re America (formerly American Reinsurance Corporation) from 1993-1999. Mr. Abano has held various positions within the insurance and financial services industry, including with American International Group. He currently serves as Secretary for the New Jersey Chapter of the Society for Senior Information Managers, and was elected in 2006 to the Board of Education within his local community. Mr. Abano received an M.B.A. in Business Management and Technology from Regis University in 2003, and is a graduate of Brooklyn College, The City University of New York, where he received a B.S. in Computer and Information Science in 1986.

William E. Hitselberger

Senior Vice President and Chief Financial Officer

Mr. Hitselberger joined the Company in December 2009 as Senior Vice President and became Chief Financial Officer in March 2010. Before joining the Company, Mr. Hitselberger served as Executive Vice President of PMA Capital Corporation from April 2004 to November 2009 and as Senior Vice President, Chief Financial Officer, and Treasurer from June 2002 to March 2004. He also served as Vice President and Chief Financial Officer of The PMA Insurance Group from 1998 to June 2002 and as Vice President of The PMA Insurance Group from 1996 to 1998. Mr. Hitselberger is a Certified Public Accountant and a Chartered Financial Analyst.

Gary S. Maier

Senior Vice President and Chief Underwriting Officer

Mr. Maier joined the Company in June 2005. Before joining the Company, Mr. Maier served from April 2002 to September 2004 as Senior Vice President and Chief Underwriting Officer of OneBeacon Insurance Group in New York. In his role at OneBeacon Insurance Group, Mr. Maier managed the New York and New Jersey territories. From February 1987 to March 2002, Mr. Maier served in a variety of positions at Chubb Insurance Group, including most recently as Senior Vice President and Chief Underwriting Officer of Commercial Lines for Chubb Insurance Group's Mid-Atlantic Region, in which he managed a $400 million middle-market commercial portfolio in seven states with six field offices and a regional small commercial underwriting center.

Holdings: 62,023 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 29, 2010	Disposition (Non Open Market)	125	22.10
Mar 15, 2010	Disposition (Non Open Market)	819	21.92
Mar 12, 2010	Disposition (Non Open Market)	1,884	22.06
Mar 5, 2010	Acquisition (Non Open Market)	13,012	n/a
Mar 16, 2009	Disposition (Non Open Market)	218	23.44
Mar 13, 2009	Disposition (Non Open Market)	601	23.34
Mar 10, 2009	Acquisition (Non Open Market)	15,958	n/a
Feb 5, 2009	Acquisition (Non Open Market)	9,400	24.98
Mar 28, 2008	Disposition (Non Open Market)	150	25.69
Mar 13, 2008	Acquisition (Non Open Market)	7,178	n/a
Mar 1, 2007	Acquisition (Non Open Market)	3,256	n/a
Mar 31, 2006	Acquisition (Non Open Market)	1,866	n/a
Sep 1, 2005	Acquisition (Non Open Market)	15,000	15.72
Jun 27, 2005	Statement of Ownership	0	n/a

Christian K. Pechmann

Senior Vice President, Marketing & Distribution

Mr. Pechmann joined the Company in September 2003. Before that, Mr. Pechmann was employed in various roles at Kemper Insurance Companies for 32 years. His most recent position with that company was as Northeast Region President, responsible for management and profitability of seven operating branch offices. A 1971 graduate of Hartwick College, Mr. Pechmann received a B.A. in English.

Holdings: 18,745 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 29, 2010	Disposition (Non Open Market)	146	22.10
Mar 15, 2010	Disposition (Non Open Market)	410	21.92
Mar 12, 2010	Disposition (Non Open Market)	691	22.06
Mar 5, 2010	Acquisition (Non Open Market)	5,834	n/a
Mar 28, 2009	Disposition (Non Open Market)	146	23.83
Mar 15, 2009	Disposition (Non Open Market)	183	23.44
Mar 13, 2009	Disposition (Non Open Market)	302	23.34
Mar 10, 2009	Acquisition (Non Open Market)	6,008	n/a
Mar 28, 2008	Disposition (Non Open Market)	174	25.69
Mar 28, 2008	Disposition (Non Open Market)	154	23.72
Mar 15, 2008	Disposition (Non Open Market)	183	23.72
Mar 13, 2008	Acquisition (Non Open Market)	3,041	n/a
Mar 30, 2007	Sell	434	32.16
Mar 1, 2007	Acquisition (Non Open Market)	2,304	n/a
Mar 31, 2006	Acquisition (Non Open Market)	2,170	n/a

Elliot S. Orol

Senior Vice President, General Counsel and Secretary

Mr. Orol joined the Company in December 2008 as Senior Vice President, General Counsel and Secretary. Before joining the Company, Mr. Orol served until November 2008 at The Navigators Group, Inc. as Chief Compliance Officer from November 2004, Senior Vice President and General Counsel from May 2005, and Secretary from May 2006. Prior to joining Navigators, Mr. Orol was in private legal practice and, from 2002 to 2003, served as Managing Director and General Counsel of Gerling Global Financial Products, Inc. From 1999 through 2001, he was a partner with the law firm of Cozen O'Connor. He served from 1996-1999 as Vice President, General Counsel and Secretary of the GRE Insurance Group, and from 1987-1996 as Vice President of The Continental Insurance Company. He currently serves on the Board of Trustees of The Dalton School. Mr. Orol received a B.S. in Mathematics from the State University of New York at Binghamton, a J.D. from the University of Chicago Law School and an M.B.A. from the University of Chicago Graduate School of Business.

Laurie A. Ranegar

Senior Vice President, Operations

Ms. Ranegar joined the Company in October 2003 as Vice President of Operations. She was promoted to Senior Vice President in January 2006. She currently manages underwriting operations, with responsibility for policy issuance service, billing and collections, premium audit and statistical reporting. She has over 25 years of insurance industry experience. Her most recent prior experience was with Kemper Insurance where she was Regional Operations Director, responsible or underwriting operations in seven branch offices located throughout the northeast from 2002 until 2003. Before Kemper, Ms. Ranegar held management positions at Highlands Insurance Group, Inc. from 1996 until 2002, where she was Vice President, Claim Field Operations, responsible for technical claim handling and operations in the field claim offices, and Vice President, Underwriting and Operations, responsible for a small business service center. She began her insurance career with Aetna Life and Casualty as a Liability Claim Representative in New York City. At Aetna, and subsequently Travelers, she held positions of increasing responsibility including Assistant Director responsible for the consolidation of Aetna and Travelers claim field offices. Ms. Ranegar graduated from the University of Pittsburgh with a B.A. in Economics.

Holdings: 19,760 shares     View Transactions

Date	Type	Shares Traded	Price Range
Jun 15, 2010	Disposition (Non Open Market)	89	22.17
Mar 15, 2010	Disposition (Non Open Market)	388	21.92
Mar 12, 2010	Disposition (Non Open Market)	762	22.06
Mar 5, 2010	Acquisition (Non Open Market)	6,785	n/a
Nov 20, 2009	Disposition (Non Open Market)	204	24.19
Nov 19, 2009	Sell	808	24.57
Sep 27, 2009	Disposition (Non Open Market)	121	24.37
Mar 16, 2009	Disposition (Non Open Market)	139	23.44
Mar 13, 2009	Disposition (Non Open Market)	249	23.34
Mar 10, 2009	Acquisition (Non Open Market)	7,570	n/a
Sep 27, 2008	Disposition (Non Open Market)	121	25.19
Jun 16, 2008	Disposition (Non Open Market)	89	24.01
Mar 15, 2008	Disposition (Non Open Market)	169	23.72
Mar 15, 2008	Disposition (Non Open Market)	140	23.72
Mar 13, 2008	Acquisition (Non Open Market)	3,406	n/a
Sep 28, 2007	Disposition (Non Open Market)	122	25.70
Aug 9, 2007	Sell	100	25.58
May 17, 2007	Statement of Ownership	0	n/a

Joel S. Weiner

Senior Vice President, Chief Actuary and Strategic Planning

Mr. Weiner joined the Company in February 2009, following the merger of CastlePoint Holdings, Ltd. Into the Company. He joined CastlePoint as Vice President in January 2006, was a director from January 2007 through March 2007, and became Chief Financial Officer and Senior Vice President in February 2006. Until the merger, Mr. Weiner was also Chief Financial Officer, Senior Vice President and director of CastlePoint Re since March 2006, and held the same positions at CastlePoint Management Corp. since May 2006. Prior to joining CastlePoint, Mr. Weiner served as Senior Vice President of the Company from January 2004 to April 2006. From January 2002 until December 2003, he was employed as Managing Director at GAB Robins Capital Partners, which provides outsourcing for claim operations. From October 1991 to December 2001, he was employed by the accounting firm PricewaterhouseCoopers LLP, where he led that company's U.S. middle market insurance consulting practice and advised many property and casualty insurers on strategic issues. He is an Associate member of the Casualty Actuarial Society and a member of the American Academy of Actuaries. Mr. Weiner received his B.S. from Drexel University and his M.B.A. from the Wharton School of the University of Pennsylvania.