Hilb, Rogal and Hamilton Co., PNC Financial Form Alliance

May 30, 2000

Hilb, Rogal and Hamilton Co. has formed an alliance with PNC Financial Services Group to provide commercial property and casualty and group insurance to PNC business customers. Under the alliance, PNC’s clients can work with PNC relationship managers and HRH account executives and risk management specialists toward specifically designed commercial and group insurance programs. In preparation for this alliance, HRH and PNC have completed joint training meetings in selected cities.

The alliance between the two companies will enable PNC’s clients to obtain additional products and services, while drawing on HRH’s risk management expertise, geographically compatible service network and strong relationships with insurance carriers. HRH will benefit from the development of a new distribution channel, minimal capital investment and the increased access to quality middle-market businesses.

The PNC Financial Services Group is one of the nation’s largest diversified financial services corporations offering specialized industry insights to businesses and consumers. PNC’s major business brands include PNC Bank, consumer, small business and commercial banking; PNC Advisors, wealth management; PNC Real Estate Finance, commercial real estate financing; PNC Secured Finance, asset-based lending and leasing and VentureBank@PNC, emerging business financing.

Hilb, Rogal and Hamilton Co. provides insurance and risk management services to a wide spectrum of clients through a network of approximately 70 offices in the U.S. The company is traded on the NYSE and is ranked as the seventh largest U.S. insurance intermediary.

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