PROS Procentury Corp (MM)

COLUMBUS, Ohio, April 24 /PRNewswire-FirstCall/ -- Century Surety Company, a subsidiary of ProCentury Corporation, (NASDAQ:PROS), announced today that it is adding a product to serve the environmental contractor and consultant market. Additionally, Century will offer mono-line contractors' pollution liability for non-environmental contracting risks. Consistent with other lines of business that Century underwrites, the environmental coverage will focus on smaller accounts and incorporate Century's commitment to underwriting discipline. Edward Feighan, CEO of ProCentury commented, "This announces our return to the environmental market which was at one time the base of Century's commercial lines. Our long term experience in the environmental market has allowed us to build a deep understanding of the business and the trends in loss and expenses." Christopher J. Timm, president of Century Surety Company said, "We have been considering the environmental market for some time now, and after several years of disruption, we believe that the opportunity now exists to serve the market, especially the small account segment of the market, without compromising underwriting discipline. Further, our staff underwriters have maintained their long term relationships with select environmental producers." Prior to joining Century, Mr. Timm was the President of Environmental and Commercial Insurance (ECI), a managing general agency specializing in environmental risks. Initially, the coverage will be available through Environmental Insurance Services (EIS) of Birmingham, Alabama. The company intends to expand its distribution footprint quickly by adding another select producer with a long term profitable relationship with Century. Members of Century's management team -- Greg Ewald, Jim Murphy, Mark Sowle and Tim Gordon -- will manage the underwriting, marketing and loss control functions. They each have many years of environmental insurance experience. For more information about Century's environmental capabilities please contact Mark Sowle toll free at 877-616-2867. About Century Surety Company Century Surety Company (A.M. Best A-(Excellent)) is a specialty lines underwriter offering commercial property and casualty and marine insurance for niche markets nationwide. We focus on disciplined underwriting, quality reinsurance, strong capitalization and exceptional service. For more information, please visit us on the web at http://www.centurysurety.com/. Century Surety Company is a subsidiary of ProCentury Corporation (NASDAQ:PROS). DATASOURCE: ProCentury Corporation CONTACT: Mark Sowle for ProCentury Corporation, +1-877-616-2867 Web site: http://www.procentury.com/

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