Prime Authorized to Write Surplus Lines Business in Nevada

August 11, 2003

Sandy, Utah-based Prime Holdings Insurance Services Inc. announced today that it has received approval for its property and casualty subsidiary, The Prime Insurance Syndicate Inc., to write surplus lines insurance business in the state of Nevada effective July 7, 2003.

The Prime Insurance Syndicate Inc. is a wholly -owned subsidiary of Prime Holdings Insurance Services Inc.

Prime Holdings Insurance Services Inc. is comprised of unique excess and surplus lines insurance operation that offers coverage for many non-standard risks. Known for its expertise in addressing both commonplace and hard-to-place exposures, Prime provides tailored line solutions for such diverse markets as recreational risks, sporting events, chemical applicators, used car dealers, nursing homes, and towing and recovery agents among others. Prime also gives brokers and clients access to a number of specialty niche programs and Risk Purchasing Groups, offers premium financing, and pays commissions competitive with standard companies. Prime’s insurance network has contractual relationships with Lloyd’s of London and General Cologne Re.

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