Tignanelli Named President of The Prudential Property and Casualty Insurance Company of New Jersey

Business Wire, Feb 8, 2002

Business Editors

HOLMDEL, N.J.--(BUSINESS WIRE)--Feb. 8, 2002

James A. Tignanelli has been appointed president, The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC NJ).

In this role, he is responsible for Prudential's N.J. property and casualty business.

Tignanelli has been with Prudential for 24 years and has extensive experience in the property and casualty arena. He began his career at Prudential Property and Casualty Insurance Company as Claims Consultant and held successive positions within the company, assuming oversight for all property and casualty operations for New Jersey in 1989 as the primary Government Affairs attorney.

Tignanelli holds a BS in Accounting from Towson University and a Law Degree from the University of Baltimore. He is admitted to practice law in the State of Maryland, is a registered Principal of PRUCO Securities and is a Chartered Property Casualty Underwriter (CPCU).

PRUPAC NJ, the second largest homeowner insurer and the fifth largest auto insurer in NJ, has been a leader in the State's auto insurance industry and has played an important role in New Jersey's auto insurance reform. The Company's products--auto, home, personal liability and boat insurance--are sold through Prudential agents.

The Prudential Property and Casualty Insurance Company of New Jersey and its New Jersey property/casualty affiliates are companies of Prudential Financial.

Prudential Financial companies, with approximately $564.2 billion in total assets under management and administration as of September 30, 2001, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. For more information, visit www.prudential.com.