Maxum Specialty Names Turner as President and CEO

April 22, 2008

Maxum Specialty Insurance Group, based in Duluth, Ga., appointed F. Marshall Turner, II, as the president and CEO of Maxum Indemnity Co. and Maxum Casualty Insurance Co. His appointment is effective May 5, 2008.

Turner will serve as a director of both insurance companies as well as their parent, Northern Homelands Company. He will assume overall responsibility for the management of the Maxum Specialty Insurance Group, and report to the board of directors.

Turner replaces Gene G. Gopon who has served as the company’s interim CEO for the past six months after the sudden death of Joseph (Jay) Lughes.

Turner has more than 28 years of insurance industry experience. He has served as president of AXIS Insurance, a global provider of coverage for property, marine, terrorism, aviation, political risk, professional lines, liability and accident and health.

During more than five years with AXIS, he held executive positions of increasing responsibility. Turner was an executive vice president of AXIS Specialty U.S. Holdings Inc. and president of AXIS Specialty U.S. Services Inc. He also was director, chairman, CEO and president of AXIS Insurance Co.; director, chairman, CEO and president of AXIS Specialty Insurance Co.; director, chairman and executive vice president of AXIS Surplus Insurance Co. and director and executive vice president of AXIS Reinsurance Co. He joined the company in November 2002.

Preceding his tenure at AXIS, Turner was president of the Specialty Property & Casualty Group of Combined Specialty Group, a subsidiary of Aon Corp. Before 2003, Turner held various senior management positions, including president, Westchester Specialty Group/ACE USA. He also served as vice president, specialty property director for Zurich American Insurance Group, after holding underwriting and managerial positions with the Hartford Insurance Group where he began his insurance career in 1980.

Maxum Specialty Insurance Group provides specialty and surplus lines of insurance through a limited number of wholesale insurance brokers and general agents.

Source: Maxum Specialty Insurance Group, www.mxmsig.com

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