Business Services Industry

John Smithson Has Joined the Reinsurance Business of Towers Perrin

Business Wire, April 12, 2007

STAMFORD, Conn. -- Towers Perrin, a global professional services firm, announced that John Smithson has joined the firm's Reinsurance business as a Senior Vice President based in the firm's Philadelphia office. He will be responsible for business development and client relationships and will be a member of the Global Business Development team.

Mr. Smithson brings significant reinsurance and insurance industry expertise to the firm. Prior to joining Towers Perrin, he was a Principal with insurance broker, Commonwealth Professional Group. Mr. Smithson has also held senior positions with PMA Corporation, most recently as President and Chief Executive Officer of PMA Capital Corp.

"I am very excited about joining Towers Perrin and being part of an organization with such a great reputation for client service and innovative thinking," said Mr. Smithson.

"We are delighted and fortunate that John has joined Towers Perrin, and feel that his deep industry expertise and strong business relationships will further enhance our production capabilities in North America," stated Bill Eyre, Managing Director and CEO of the firm's Reinsurance business.

About Towers Perrin and Reinsurance

Towers Perrin is a global professional services firm that helps organizations improve their performance through effective people, risk and financial management. Through its Reinsurance business, Towers Perrin provides global reinsurance intermediary services and consulting expertise that focus on the creative blending of traditional and nontraditional risk transfer vehicles. Areas of focus include reinsurance strategy and program review, claims management and program administration, catastrophe exposure management, contract negotiation and placement, and market security issues. The firm's other businesses are HR Services, which provides human resource consulting, and Tillinghast, which provides management and actuarial consulting to the financial services industry. Together, these businesses have offices and business partner locations in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand. More information about Reinsurance is available at www.towersperrin.com/reinsurance.>