Venture Programs Unveils New Wholesale Division

February 1, 2005

Venture Programs Inc., a provider in the design and underwriting of select industry-focused insurance packages, has launched a new wholesale division that offers mono-line workers’ compensation coverage for heterogeneous risks outside of Venture’s traditional industry programs.

The new division, Venture Brokerage, will offer access to multiple A.M. Best “A” rated workers’ comp markets with target premiums from $2,000 to $100,000. Coverage will be available in all states with web access (www.venturebrokerage.com) to eligible class codes. Premiums will extend to $1 million in select states.

“We are excited to offer quality workers’ compensation markets to hundreds of class codes outside our core industry programs,” said Lou Snage, senior vice president at Venture Programs. “With the technological investments we have made in our proprietary underwriting system, Venture Brokerage will offer agents and brokers the same fast, responsive service that they have come to expect from Venture.”

The new division will be operated independently of the five “best-of-class” programs for which Venture provides insurance and risk management services – The Preferred Club Program, Venture Banking, Venture Hospitality, Venture Technology and Venture Life Sciences. Plans are underway to spin off Venture Brokerage as a wholly-owned subsidiary sometime in the future.

Venture Brokerage will be marketed exclusively through brokers and agents. Agents and brokers seeking more information on Venture Brokerage should e-mail brokerage@ventureprograms.com.

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