VP’S LEAVE FRONTIER

March 12, 2001

Frontier Insurance Group Inc. announced on March 2 the resignations of Patrick Kenny, executive vice president and chief financial officer; Douglas Moat, executive vice president; and Richard Seyffarth, executive vice president and chief investment officer. All are members of Frontier’s Executive Management Group. Moat will continue to serve as a member of Frontier’s Board of Directors. President and CEO Harry Rhulen stated: “As a result of the reduced level of insurance business and the closing of our statutory year-end process, it is necessary to streamline the executive team. Pat, Doug and Richard will assist with the transfer of their responsibilities over the next several weeks. They have all made valuable contributions to the company and we wish them well in their future endeavors.”