SOURCE: The Main Street America Group

March 26, 2008 10:00 ET

The Main Street America Group Announces Officer-Level Promotions and Appointments

JACKSONVILLE, FL--(Marketwire - March 26, 2008) - The Main Street America Group announced today its board of directors has approved the promotions of John Thompson to vice president, operational controller; and Dean Dorman to assistant vice president, actuarial; and the appointments of Tim Cotton to assistant secretary, director, claims technical; and Bruce Fox to assistant secretary, corporate counsel, law.

"John, Dean, Tim and Bruce embrace the qualities that drive our organization's success," said Main Street America chairman, president and chief executive officer Tom Van Berkel. "They reflect the depth and quality of our management team and their leadership will help us sustain our profitable growth."

John Thompson, based in Jacksonville, Fla., oversees Main Street America's corporate planning, budget and cost control, treasury services functions, and financial systems and operations functions. He assists the company's chief financial officer in developing management information requirements, performance measurements and analyzing results.

Thompson also provides ongoing financial management guidance to Main Street America's insurance operations leaders and profit center managers in the areas' profitability measurements and financial planning. Additionally, Thompson is responsible for completing the annual and long-term financial plans for all of the company's business units by interacting with operating management and coordinating the revenue, expense and cost allocation planning functions.

Thompson joined Main Street America in October 1999 as director, financial planning and analysis. He was promoted to assistant vice president, corporate finance and planning, in March 2003.

Prior to joining Main Street America, Thompson spent 19 years at CIGNA Corporation, Philadelphia, Pa., where he held a variety of management roles including assistant vice president, property and casualty systems; assistant vice president, special risk facilities; and director, multinational financial operations.

Thompson earned his bachelor's degree in accounting/finance from the Wharton School of Economics at The University of Pennsylvania, Philadelphia, Pa.

Dean Dorman, based in Keene, N.H., is responsible for managing, controlling and interpreting the actuarial analysis and research for Main Street America's reserving program. Additionally, he is the primary in-house resource, and interface with consultants, for the company's commercial lines and personal lines predictive modeling initiatives.

Dorman's reserving duties entail the valuation of liabilities, calculation of reserves, testing of reserve adequacy, asset/liability matching, surplus evaluation, projections of operating gains, cash flow analysis and other financial analysis and reporting for financial statements and forecasts for Main Street America. His predictive modeling contributions include the company's Homeowners MVP project, as well as Personal Auto MVP enhancement planning and the BOP, contractors, commercial auto and workers' compensation analyses and deployments.

Dorman joined Main Street America in August 2001 as an assistant actuary and was promoted to director, reserving, in April 2002. He was promoted to assistant actuary (officer level), director, reserving, in March 2004. Prior to joining Main Street America, Dorman held several actuarial roles at Liberty Regional Agency Markets, Keene, N.H., including associate actuary -- loss reserving and personal lines actuarial manager. His property-casualty industry experience also includes tenures at Guaranty National Insurance Company, Englewood, Colo.; Merchants Insurance Group, Buffalo, N.Y.; and The Travelers Companies, Hartford, Ct.

Dorman earned his bachelor's degree at Hobart College, Geneva, N.Y. He is a Fellow of the Casualty Actuarial Society.

Tim Cotton, based in Jacksonville, Fla., provides strategic direction for the corporate claim technical areas of Main Street America to ensure optimum efficiency. His responsibilities include controlling average payments and loss adjustment expenses. Cotton also oversees the determination of adequate and consistent reserves, and ensures the company's claims technical areas provide the highest levels of claim expertise and quality control to the organization.

Cotton joined Main Street America in October 2003 as a claim consultant. He was promoted to director, regional field claims, in February 2005, appointed director, claims product, in August 2005 and appointed as director, claims technical, in April 2006.

Prior to joining Main Street America, Cotton was a claims manager at GMAC Personal Lines Insurance in both its Jacksonville, Fla., and Detroit, Mich., operations. His extensive property-casualty insurance experience also includes several claims management roles at State Farm Mutual Automobile Insurance Company in its Florida territory.

Cotton earned his bachelor's degree at Brigham Young University, Provo, Utah. His professional designations include Chartered Property and Casualty Underwriter (CPCU), Associate in Claims (AIC) and Chartered Life Underwriter (CLU).

Bruce Fox, based in Jacksonville, Fla., provides legal advice, counsel and assistance to all company personnel on matters affecting corporate interests of The Main Street America Group and its subsidiary companies. He is accountable for leading the initiative for obtaining new and expanding existing state licenses for Main Street America's companies, thereby facilitating geographic expansion and predictive modeling support. Additionally, Fox monitors regulatory trends within Main Street America's four regions and reports the implications of such trends to the company's board of directors, senior management and regional presidents.

Fox joined Main Street America in August 2003 as senior field attorney and was promoted to managing attorney in May 2006, where he oversaw the company's claims law office in Auburn, Mass. He joined the company's corporate law staff as corporate counsel in November 2007.

Prior to joining Main Street America, Fox was director of legal services for the contract negotiation and benchmarking services division of AMR Research Inc., Boston, Mass. His extensive legal experience also includes roles as managing attorney at American International Group, Boston, and senior trial attorney at two Boston-area law firms.

Fox earned his bachelor's degree at Suffolk University, Boston, and his juris doctorate degree at Boston College School of Law. He is a member of the Massachusetts Bar Association and the Boston Bar Association. He is also an adjunct professor of paralegal studies at Suffolk University and North Shore Community College in Massachusetts.

About The Main Street America Group

With roots dating back to 1923, The Main Street America Group is a super regional insurance company that operates four property-casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company and MSA Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance products, and fidelity and surety bond products, to individuals, families and businesses.

With more than $850 million in direct premium written exclusively by nearly 1,200 independent insurance agents, Main Street America insures more than 500,000 policyholders along the Eastern Seaboard from Maine to Florida. The company has regional offices in Jacksonville; Keene, N.H.; Richmond, Va.; and Syracuse, N.Y., and a claims reporting center in Auburn, Mass. A.M. Best Company rates The Main Street America Group as an "A" (Excellent). Main Street America is the founding company partner of Trusted Choice®, the global branding program of the Independent Insurance Agents & Brokers of America. For more information about Main Street America, please visit www.msagroup.com

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