DVUA EXPANDS INTO NEW ENGLAND:

November 22, 2004

Delaware Valley Underwriting Agency Inc. (DVUA) is expanding into the New England area with the purchase of the assets of Zimmerman Specialty Insurance Brokerage Inc. of Natick, Mass., by its parent, PIC Holdings. Zimmerman Specialty is an excess and surplus lines wholesale brokerage firm headed by Si Zimmerman, who will remain as senior vice president and branch manager of DVUA Massachusetts Inc., according to Ed Levy, chief operating officer of DVUA. DVUA specializes in general casualty “hard to place” products and general liability, professional liability, commercial property, homeowners and transportation risks. It has offices in Hatboro, Pa., northern New Jersey, North Carolina, Pittsburgh, South Carolina and West Virginia, along with five marketing locations.