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Philadelphia Consolidated Holding Corp. Announces Purchase of Renewal Rights to Collector Car Program From The James A. Grundy Agency, Inc.

BALA CYNWYD, Pa., July 11 -- Philadelphia Consolidated Holding Corp. today announced the purchase of the renewal rights for the Collector Car Program of The James A. Grundy Agency, Inc., together with The Grundy Worldwide name. In addition, PHLY has entered into an exclusive Agency Agreement with The James A. Grundy Agency, Inc. to provide specialized Automobile Liability and Physical Damage insurance for the Collector Car industry. Coverage will include enhancements to the standard auto policy such as Agreed Value, Inflation Guard and Auto Show Medical Reimbursement to meet the unique exposures associated with this marketplace.

"The focus and dedication of Grundy Worldwide to the Collector Car industry for over 50 years, along with PHLY's specialty niche focus and nationwide distribution, will establish a premier arrangement to meet the needs of this specialized industry," said Chris Maguire, Executive Vice President and Chief Underwriting Officer of PHLY.

"PHLY is a strong, innovative company, and we are confident that our Collector Car Program customers and team will find the decision to place our program there a positive one," said Jim Grundy, President & CEO of The James A. Grundy Agency, Inc.

About PHLY

In operation since 1962, PHLY designs, markets and underwrites commercial property/casualty, personal lines and professional liability insurance products, incorporating value-added coverages and services for select industries. The Company is nationally recognized as a member of Ward's Top 50 and Forbes 100 Best Mid-Cap Stocks. The organization has 38 offices strategically located across the United States to provide superior local service.

For more information about PHLY or to view our 2005 annual report, visit our website at http://www.phly.com/.

About Grundy Worldwide

Established in 1947, Grundy Worldwide has insured more than 1.5 million collector vehicles through leading insurance companies. Grundy Worldwide is one of the fastest growing insurers of collector cars. For more information about Grundy Worldwide, visit their website at http://www.grundy.com/.