June 2002 - Millennium Insurance Group is pleased to announce a new partnership with Trident Insurance Services, a wholly owned subsidiary of Argonaut Insurance Group, Inc. Effective immediately, independent insurance agents of Alabama, North Carolina, and South Carolina will be able to submit applications to Millennium on cities and towns with less than 25,000 in population and counties less than 100,000 in population. This program has strict underwriting guidelines and requires completed applications, acord schedules, five years currently valued loss runs and any appropriate completed supplemental application(s).

Argonaut Group has superior financial strength with assets of $1.8 billion, no debt, and financial strength of its subsidiary rated "A" excellence by A.M. Best. Acceptable accounts will receive a quote through an Argonaut Member Company, Argonaut Great Central Insurance Company. Argonaut has an A.M. Best rating of "A-" (Excellent).

The management team and staff of Trident Insurance Services have been "servicing the insurance needs of governmental entities since 1982 and is recognized throughout the governmental entity industry for delivering products that are backed with superior service." Trident possess a thorough understanding of governmental entities needs and provides flexible products, simplified underwriting transactions and dedicated claims management.

Millennium Insurance Group has been the "source" for municipal insurance for several years. For over 18-years, the employees of Millennium have written business for governmental entities across the southeast. Our knowledge. strength, and longevity in the Governmental Entity arena has proven our committment to our insured's. Trident Insurance Services and Argonaut Insurance Group are companies that we respect and hold in high regard. With the new partnership between Trident Insurance Services and Millennium, our agents and insured's will continue to receive friendliness, responsiveness, and cooperation through excellent service standards and a product that is second to none.

We feel that with the combined knowledge and expertise of Millennium and Trident Insurance Services, this will be the most comprehensive program for North Carolina and South Carolina municipalities and special districts.

For more information, please contact Bob Adams at badams@migins.com.