Former National Security Advisor General Brent Scowcroft Among Speakers to Address Joint Industry Forum

Contact: Loretta Worters - 212-346-5545

NEW YORK, January 3, 2002 - Former National Security Advisor Gen. Brent Scowcroft and Richard E. Cavanagh, president and chief executive officer of The Conference Board, are among the speakers at the sixth annual Property/Casualty Insurance Joint Industry Forum to be held January 15-16, 2002, at the Waldorf-Astoria Hotel in New York City.

The Property/Casualty Insurance Joint Industry Forum was created to provide property/casualty insurance and reinsurance company leaders with an opportunity to meet with each other in discussion of topics of general interest.

A panel of leading experts will discuss how they see the future of the property/casualty industry. Participants include Kenneth A. Froot, professor of Business Administration, Harvard University's Graduate School of Business; Robert E. Litan, vice president and director of Economic Studies, The Brookings Institution; Michael S. Pritula, director, McKinsey & Company; and Alice Schroeder, managing director, Morgan Stanley. Sean F. Mooney, chief economist and research director for Guy Carpenter & Company, Inc., will moderate the panel.

A panel of insurance company chief executives will discuss how they see the future of the property/casualty industry. Participants include Herman J. Arends, chairman and chief executive officer, Auto-Owners Insurance Company; Raymond Barrette, chairman and chief executive officer, OneBeacon Insurance Group; Edmund F. Kelly, chairman, president and chief executive officer, Liberty Mutual; David B. Mathis, chairman and chief executive officer, Kemper Insurance Companies; Ronald R. Pressman, chairman, president and chief executive officer, GE Employers Reinsurance Corporation; and Saxon Riley, chairman, Lloyd's. Lawrence G. Brandon, president emeritus, American Institute for CPCU/Insurance Institute of America, will moderate the panel.

The Forum will conclude with lunch.

The sponsoring organizations of the Forum represent a wide spectrum of insurance interests and audiences. They include the Alliance of American Insurers, American Institute for Chartered Property Casualty Underwriters, American Insurance Association, Insurance Information Institute, Insurance Services Office, Inc., National Association of Independent Insurers, National Association of Mutual Insurance Companies, National Council on Compensation Insurance and Reinsurance Association of America.

For more information on the Forum, contact Loretta Worters at 212-346-5545 or lorettaw@iii.org