Shareholders Approve Merger of Meadowbrook Group, ProCentury Corp.

Meadowbrook Insurance Group, Inc., a specialty property and
casualty insurance holding company based in Southfield, Mich., and
ProCentury Corporation, a Columbus, Ohio-based specialty
property and casualty insurance holding company, recently announced that shareholders of both companies have approved a merger.

Robert Cubbin, president and CEO of Meadowbrook Insurance Group, Inc., and Edward Feighan, chairman and CEO of ProCentury Corporation, jointly made the announcement.

Meadowbrook and ProCentury announced plans to merge in February 2008 and expect the transaction to close in the third quarter of 2008, pending receipt of remaining regulatory approvals and other customary closing conditions.

“We are very pleased that we have received strong support for the
merger from the shareholders of both companies,” stated Cubbin. “The
Meadowbrook and ProCentury management teams have been working together diligently to insure a smooth transition to form one cohesive organization. Many initiatives are underway to develop the numerous growth opportunities created by this merger of two strong, experienced and disciplined operations.”

Added Feighan, “We believe that the combined strengths of our two
specialty lines insurance companies creates exciting opportunities for both companies’ employees, agents and shareholders that did not exist before the merger.”

Meadowbrook Insurance Group is a risk management organization, specializing in alternative risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are
listed on the New York Stock Exchange under the symbol “MIG

ProCentury Corporation is a specialty property and casualty insurance
holding company based in Columbus, Ohio. Its subsidiary, Century Surety Company, underwrites property and casualty insurance for small and mid-sized businesses. Century Surety Company primarily writes excess and surplus lines insurance and markets its products through a select network of general agents. ProCentury Corporation common shares are listed on Nasdaq under the symbol “PROS”. For further information on ProCentury.

Source: Meadowbrook, ProCentury

Topics Mergers & Acquisitions Excess Surplus Property Casualty