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The Seibels Bruce Group, Inc. Offers Managing General Agency and Servicing Carrier Opportunities for South Carolina Automobile Market

13 September 2000

The Seibels Bruce Group, Inc. Offers Managing General Agency and Servicing Carrier Opportunities for South Carolina Automobile Market

    COLUMBIA, S.C., Sept. 13 The Seibels Bruce Group, Inc. announced today it is
offering managing general agency and servicing carrier opportunities to
insurance companies wishing to enter the South Carolina nonstandard personal
automobile market.
    "Seibels Bruce has long been respected for its knowledge and agency
relationships in the South Carolina nonstandard personal automobile market,"
said Jack Natili, Seibels Bruce executive vice president and chief operating
officer.  "We recently withdrew from the voluntary nonstandard automobile
insurance market in South Carolina as part of a corporate strategy to move
from risk-bearing to fee-based businesses.  Offering managing general agency
services to companies wishing to enter the South Carolina market is part of
this strategy."
    Seibels Bruce has offered a complete package of personal automobile
customer service and claims since the inception in 1974 of South Carolina's
residual nonstandard personal automobile insurance market, the South Carolina
Reinsurance Facility.  The Company has 25 years experience as a servicing
carrier for this market in addition to acting as one of only three servicing
carriers for the South Carolina Associated Auto Insurers Plan, another state-
sponsored residual market.
    "We offer great value to an insurance carrier seeking to enter the South
Carolina automobile market, including call center functions, policy processing
and claims handling," continued Natili.  "Most importantly, we can help a
company launch a regional office without the expense and hassle normally
involved in a start-up operation."
    The Seibels Bruce Group, Inc., is a provider of automobile, commercial
lines and other property and casualty insurance products.  In addition, the
Company receives fee-based income through the National Flood Insurance
Program, various state-sponsored insurance plans and claim administration and
other insurance services.  The Company's South Carolina Insurance Company and
Catawba Insurance Company subsidiaries hold an A (Exceptional) Financial
Stability Rating(R) from Demotech, Inc.  For additional information, please
visit http://www.seibels.com .