GNW-Evergreen Complete Phase One of Merger

September 30, 2004

Los Angeles-based GNW Insurance Services Inc. and Evergreen Insurance Services Inc. of Tarzana, Calif. two independently owned insurance brokerage firms, have announced completion of phase one of their merger. The newly combined organization will be housed under one state-of-the-art insurance facility in April 2005. Its combined staff of 60 insurance professionals is a leading provider of comprehensive insurance solutions for businesses and individuals throughout the greater Los Angeles area including Orange, Riverside, and Ventura counties.

The combined organization will take on the name GNW-Evergreen. The eight principals of the limited liability company include Bill Switzky, David Albaum and Paul Meshekow from Evergreen Insurance Services Inc. as well as Chuck Gelfand, Jeff Newman, Karen Oxman, Mike Newman and Rob DiPaolo from GNW Insurance Services.

The principals possess over 200 years of combined aggregate insurance experience in the Southern California insurance marketplace.

“Because society is more complex we all realize that more can go wrong; this creates a real need for ever increasing sophistication in one’s insurance planning,” said company principal David Albaum. “The industry keeps creating insurance products for exposures that were not envisioned ten years ago, such as internet liability and workplace violence. It is important for our clients to be made aware of these concepts. We believe our newly combined agency will gives us the resources to bring our level of service up to the next level.”

Rob DiPaolo, GNW-Evergreen Insurance Services principal, said, “We provide commercial as well as personal insurance services to businesses and families over a broad economic spectrum. But now can deliver the market power of a large agency without compromising mobility or personalized services of a smaller one.”

For more information call (888) 474-7044 or (818) 344-7500.

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