Bailie Named Chairman of Vesta Insurance

June 1, 2004

Alabama-based Vesta Insurance Group Inc. announced that Tambra L.G. Bailie has been elected the non-executive chairman of its Board of Directors. In addition, Vesta announced that Kevin Tierney has been elected to the Board of Directors at today’s annual meeting of stockholders.

A resident of Birmingham, Ala., Bailie, 45, is a certified public accountant and has been a Vesta director since January 2003. She retired in 2001 following a 21-year career with PricewaterhouseCoopers LLP.

Tierney, 52, who resides in Falmouth, Maine, has been in private legal practice since 2000 following 23 years with UNUM Corporation, where he served as senior vice president, general counsel and secretary. His legal practice focuses on insurance, reinsurance and corporate law, reinsurance arbitration and mediation.

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