Kaye New England to Service Willis Accounts

February 20, 2001

Kaye Group Inc. has announced that Kaye Insurance Associates Inc. New England, its Westport, Connecticut-based retail insurance brokerage subsidiary, has signed an agreement with Willis North America Inc., a division of London-based international risk management and insurance intermediary Willis Group Limited.

Under this agreement, Kaye New England will assume supervision of 454 small commercial insurance accounts previously handled by Willis. Kaye Group Inc., which recently announced an agreement to be acquired by Toronto-based Hub International Ltd., which offers insurance brokerage, risk management and underwriting services across the nation.

Kaye’s retail and wholesale insurance brokerage subsidiaries procure property/casualty and employee benefits insurance and provide a full range of brokerage and risk management services for commercial and individual clients, as well as other insurance agents and brokers.

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