Harleysville Companies Elect Directors

December 13, 2002

W. Thacher Brown was elected to the board of directors of Pennsylvania-based insurance holding company, Harleysville Group Inc., and Michael L. Lapeyrouse was added to the board of Harleysville Mutual Insurance Company, the owner of 56 percent of the shares of Harleysville Group. Brown and Lapeyrouse have been elected to terms that run through April 2005.

Brown has served as a director for Harleysville Mutual since 1994, and will continue to serve in that role. He is president and chief executive officer of 1838 Investment Advisors L.L.C. in King of Prussia, Pa. He is also president of MBIA Asset Management Inc. Previously he served as senior vice president and director of Drexel Burnham Lambert in Philadelphia.

Lapeyrouse is chief executive officer of The American Equity Underwriters Inc. in Mobile, Ala., a position he’s held since 1995. Lapeyrouse joined American Equity Underwriters’ parent company, Cooper/T. Smith Group, in 1982 as house counsel/risk manager. In 1985, he was named vice president of American Equity Underwriters and in 1990 he was promoted to executive vice president.

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