Sr. Management Changes for Seibels Bruce

December 11, 2002

The Seibels Bruce Group Inc., based in Columbia, S.C., announced changes in the company’s management structure, following its recent appointment of Michael A. Culbertson as president.

Seibels Bruce promoted Franklin D. Hutchinson to senior vice president, insurance operations. Hutchinson is responsible for the company’s personal and commercial lines of insurance, including regulatory affairs, pricing and filing. He joined Seibels Bruce in October of 1998 in a consulting capacity, and was made vice president, regulatory relations and product development in 1999. Hutchison is a designated Certified Property and Casualty Underwriter.

Before joining Seibels Bruce, Hutchinson served as a special consultant to the South Carolina Director of Insurance. Prior to that role, he was employed by Unisun Insurance Company in many capacities, including underwriting, actuarial and information services.

Additionally, Seibels Bruce announced the promotion of Bryan D. Rivers to controller and treasurer. He is responsible for the company’s accounting and treasury management processes as well as its financial reporting to the Securities and Exchange Commission and the state Departments of Insurance. Rivers joined the Company in June of 1999 as controller.

Prior to joining Seibels Bruce, Rivers was audit manager with Arthur Andersen LLP in Columbia, S.C. While there, he managed a client portfolio containing both publicly traded and privately owned organizations in the insurance, manufacturing, distribution and services industries. He is a member of the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants.

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