Gramercy Insurance Company Launches Trucking Liability Program

ATLANTA and DALLAS, Feb. 6, 2008 -- Gramercy Insurance Company (GIC), a leading global property and casualty insurer, today announced the expansion of its Commercial Auto division with the addition of truck liability insurance. GIC now provides a single source solution for those customers seeking physical damage, cargo and liability coverage. GIC has named a select group of agents to its Founders' Circle and launched the program in a ceremony with the founders Circle agents in Dallas.

Adding this program keeps GIC aligned with its strategic vision to offer a full commercial auto suite of risk solutions to a niche market. "We believe there is a need for this type of program so that the small to medium transportation companies are able to compete with the confidence they are adequately insured," states Antonio Barner, Gramercy's vice president of operations.

"We have spent a lot of time researching and qualifying agents with niche expertise in the trucking industry. We have aligned our Founders' Circle with qualifying producers who are committed to serving an underserved market and most importantly, experts and specialists in the trucking industry," Mike Darrah, GIC's transportation manager says.

AmWINS Transportation, formerly Seaboard Underwriters, acts as the program's managing general agency for underwriting and policy issuance within guidelines developed and controlled by Gramercy. National Transportation Adjusters, Inc (NTA) serves as the third party claims administrator. NTA is recognized as one of the country's leading TPAs serving the trucking industry. The whole program is reinsured by GMAC RE, a long time partner of GIC.

Keith Dunlap, president of NTA, Inc. says, "On behalf of the staff at NTA, Inc., we are exceptionally proud and excited to be chosen to represent the interests of Gramercy Insurance Company and their transportation clientele. The insurance program that Gramercy has produced is truly outstanding and the selected agencies allowed to participate in the program will no doubt come to embrace it as a unique and innovative approach to the underwriting of the motor carrier risk. As Gramercy's claims partner, NTA, Inc. looks forward to playing a key role in the growth and success of this new transportation program."

"We at AmWINS Transportation Underwriters, Inc. are proud and excited to be chosen to administer the Gramercy Auto Liability Program. We have had the opportunity to meet and spend time with the Gramercy Founders Circle agents and are impressed with their knowledge and professionalism and are looking forward to developing a solid book of profitable business with them," says Joe Hutelmyer, president of AmWINS.

GIC's trucking liability program is ideal for small to medium trucking companies with units from one to 100. GIC's primary focus is long haul trucking operations with an unlimited radius (in excess of 200 - 300 miles) using dry and refrigerated vans, flat bed, non-hazardous bulk tankers and containerized freight.

About AmWINS Trasportation

AmWINS Transportation, Inc., with offices in Burlington, North Carolina, Zionsville, Indiana and San Diego, California, is a wholly owned subsidiary of AmWINS Group, Inc., a wholesale distributor of specialty insurance products dedicated to serving retail agents throughout the United States by providing property and casualty, group life and health, and program administration services. The company, celebrating it's 51st year as a trucking specialist MGA/MGU has administered trucking programs for many insurance carriers dating back to 1957 with a staff of underwriting specialist averaging better than 20+ years experience. Based in Charlotte, NC, the company operates through more than 35 offices across the United States and handles premium placements in excess of $3.3 billion dollars annually. Visit www.amwins.com.

About National Transportation Adjusters (NTA)

For over the last 20 plus years, NTA professionals have been employed at insurance companies, managing general agencies, law firms, third party administrators and insurance adjusting firms. They have been owners, officers and co-founders of corporations. These individuals recognized a need for a transportation specific third party claims administrator dedicated to putting the client and their insureds first. The key staff of NTA, Inc., formerly National Transportation Adjusters, Inc., has been meeting this need since 1991. For more information, visit www.nta-inc.com.

About GMAC RE

GMAC RE is the managing agent writing on behalf of Motors Insurance Corporation (MIC), the leading company within GMACI Group. All MIC's treaty and facultative reinsurance is underwritten by GMAC RE, which acts as the sole reinsurance specialist in the GMACI Group.

Treaty and facultative business is produced both through brokers and on a direct basis.

GMAC Insurance (GMACI) is a business unit that is 100% owned by GMAC LLC. GMACI is comprised of Motors Insurance Corporation (MIC), the lead insurance company, and its 15 wholly owned domestic property/casualty companies.

About Gramercy Insurance Company

Founded in 1979, Gramercy Insurance operates from dual offices in Dallas, Texas and Norcross, Georgia. GIC underwrites Truck Liability, Truck Physical Damage, Motor Cargo, Contractors Equipment, and Builder's Risk across the southern US, and beyond. Gramercy also insures and reinsures Contractual Liability Policies for Extended Service Contracts and is rated B+ by A.M. Best. For more information, go to www.gic.com.