Accordingly, there are or will
be important factors that could cause our actual results to differ materially
from those indicated in these statements.
CIGNA has been in the Participant Accident market for over four decades,
providing expert underwriting to thousands of policyholders over the years.

marine hansen

Both
organizations are well positioned in their segment of the amateur sports
market and this alliance will allow each company to cross sell their
respective products.
Through its network of MGUs, CIGNA markets its Participant Accident plan
across the country, covering America's students and young athletes.

underwriters cruising

M. "CIGNA" is a registered service mark and
is used to refer to these subsidiaries.

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, through its subsidiary SUA
Insurance Company , is a new property and casualty insurance company that was
formed to provide commercial insurance products through exclusive wholesale
partner agents that serve niche groups of insureds. Nationally recognized as a member of
Wards' top 50 and Forbes top 200 Best Small Companies, the organization has 36
offices strategically located across the United States.

certificates insurances

"

About Specialty Underwriters ' Alliance, Inc.suainsurance.

Philadelphia Insurance Companies and CIGNA Finalize Strategic Marketing Alliance

marketers liability

The rating should enhance the distribution of our products and be
welcome news to our partner agents and business partners. This release or any other written or
oral statements made by or on behalf of the company may include forward-
looking statements that reflect the company's current views with respect to
future events and financial performance.

boats excursion

The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. All forward -looking statements address
matters that involve risks and uncertainties. Doug Gaudet, VP of Commercial Lines of
Philadelphia Insurance Companies remarks, "This is an excellent opportunity
for two companies with products serving the same customer group to make it
easy for agents and brokers to meet the full range of customer needs.

marketers insurances

To learn more about Specialty Underwriters' Alliance, please visit
http://www."
PHLY agents will now have the ability to write Participant Accident
coverage , not only for youth and amateur sports leagues and camps, but PHLY
agents will also be able to place accident coverage for social service
agencies, day care centers, and private schools currently insured by
Philadelphia Insurance Companies.

indemnity vessels

Specialty Underwriters' Alliance, Inc. All statements other than statements
of historical fact included in this release are forward-looking statements . We believe that these factors
include but are not limited to ineffectiveness or obsolescence of our business
strategy due to changes in current or future market conditions; increased
competition on the basis of pricing, capacity, coverage terms or other
factors; greater frequency or severity of claims and loss activity, including
as a result of natural or man-made catastrophic events, than our underwriting,
reserving or investment practices anticipate based on historical experience or
industry data; the effects of acts of terrorism or war; developments in the
world's financial and capital markets that adversely affect the performance of
our investments; changes in regulations or laws applicable to us, our
subsidiaries, brokers or customers; acceptance of our products and services,
including new products and services; changes in the availability, cost or
quality of reinsurance and failure of our reinsurers to pay claims timely or
at all; decreased demand for our insurance or reinsurance products; loss of
the services of any of our executive officers or other key personnel; the
effects of mergers, acquisitions and divestitures; changes in rating agency
policies or practices; changes in legal theories of liability under our
insurance policies; changes in accounting policies or practices; and changes
in general economic conditions, including inflation and other factors. BALA CYNWYD, Pa.

yachting liability

, Philadelphia
Insurance Companies (Nasdaq: PHLYCI) have finalized a
strategic alliance to offer property/casualty insurance to CIGNA's Participant
Accident customers and Participant Accident coverage to PHLY's
property/casualty customers.

This category is for insurance agents or marketers who offer marine insurance only in more than five states.

underwriters rogers

, said, "We are extremely pleased that SUA has received a B+ rating from
A.
Examples include tow trucks, building contractors and professional employee
organizations.

liability marinas

indemnity excursion

cigna.

indemnity marinas

Forward-looking statements can generally be identified by the use of forward-
looking terminology such as "may," "will," "plan," "expect," "intend,"
"estimate," "anticipate," "believe" or "continue" or their negative or
variations or similar terminology .phly.

hansen vessels

Web
site: http://www.
CIGNA products and services are provided by underwriting subsidiaries of
CIGNA Corporation, including Life Insurance Company of North America and CIGNA
Life Insurance Company of New York.

underwriters shipbuilders

The rating outlook is stable.

strickland rogers

CIGNA's Participant Accident managing general underwriters will also be
given the opportunity to cross sell PHLY's property casualty products to their
customers.
In operation since 1962, Philadelphia Insurance Companies designs,
markets , and underwrites commercial property/casualty, personal lines and
professional liability insurance products incorporating value added coverages
and services for select industries.

rogers yachts

CHICAGO, Specialty Underwriters'
Alliance, Inc. (Nasdaq: SUAI) today reported that A.
Courtney Smith, President and CEO of Specialty Underwriters' Alliance,
Inc.

marine boats

Best has assigned a
financial strength rating of B+ (Very Good) which is the sixth highest of 15
rating levels. Each property and
casualty risk will be individually underwritten through PHLY's home office.

underwriters marinas

These targeted customers
require highly specialized knowledge due to their unique risk characteristics. SUA's innovative approach provides products and claims
handling, allowing the partner agent to focus on distribution and customer
relationships . In
addition, CIGNA Corporation and its subsidiaries are major providers of
employee benefits offered through the workplace, including health care
products and services, group life, accident and disability insurance.

vessels cruising

Specialty Underwriters' Alliance Inc. Received B+ Rating From A.M. Best

PHLY's Regional Managers will meet with CIGNA's MGUs to discuss
how best to jointly market PHLY and CIGNA products.com or contact Marisa Burke
at 800-873-4552x7646.

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Best.

westmar insurance

indemnity underwriters

com .com.
To locate your nearest PHLY office or for more information about PHLY's
products, visit us on the web at http: //www.

boats insurance

Forward-looking statements speak only as of the date on which they are made,
and the company undertakes no obligation to update publicly or revise any
forward-looking statement, whether as a result of new information, future
developments or otherwise.