N.Y. Wholesaler Russell Bond Promotes Hollederer, Palmisano

July 6, 2006

Russell Bond & Co., Inc. announced that Gary A. Hollederer has been promoted to executive vice president. He joined Russell Bond in September 1992 after many years with leading insurers and Buffalo area retail agencies. He is responsible for management of all production; as well as broker and insurer relationships. Hollederer also serves as the President of the Professional Insurance Wholesalers Association of New York Inc. (PIWA).

Also, Mark M. Palmisano has been promoted to senior vice president. He joined Russell Bond in January 1995 after many years in accounting and banking. He is responsible for financial managemen, human resource administration, facilities management, information technology and strategic planning.

Russell Bond & Co., Inc. is a regional excess and surplus insurance wholesaler and managing general agent based in Buffalo, N.Y.

Source: Russell Bond & Co., Inc.

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