Schinnerer Names Shettle as President

August 25, 2005

Victor O. Schinnerer & Company has announced that John F. Shettle Jr. took over as president on Aug. 15, 2005.

Shettle comes to Schinnerer with a background of over 20 years in senior management positions in the property/casualty and insurance-related services industry. Most recently, Shettle served as chief executive officer of Tred Avon Capital Advisors, Inc., a firm providing advisory services to companies and private equity firms focused on the insurance sector. Shettle also serves on the Board of Directors of NYSE-listed insurance holding companies.

Previously, Shettle has held senior management positions at Securitas Capital, Swiss Reinsurance Company and Frederick, Maryland-based AVEMCO Corporation (NYSE). Shettle’s experience at AVEMCO included primary responsibility for the development of non-aviation specialty lines businesses including lender’s single interest, short- term health, marine and other service-related businesses, through both acquisition and internal development. AVEMCO Insurance Company, the group’s flagship insurer, had underwriting profits every year of its operations from 1974 until its sale in 1997.

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