Mims Promoted To Vice President at U.S. RE

For Immediate Release May 8, 2002 Mims Promoted To Vice President at U.S. RE New York, NY - W. Ashley Mims has been promoted to Vice President at the international reinsurance brokerage firm, U.S. RE Corporation, Tal P. Piccione, Chairman and Chief Executive Officer, announced today. Mr. Mims is based in the Company's Atlanta regional office where he has served as a Senior Broker and Assistant Vice President. He reports to Philip C. Cawley, Senior Vice President and head of the Atlanta branch. "Ashley has done an excellent job providing support to client companies and business development for U.S. RE in the Southeast. We're pleased to see his advance," Mr. Cawley said. Mr. Mims received his Bachelor of Business Administration in Risk Management and Insurance degree from the University of Georgia's Terry College of Business in 1994. He began his career as a Reinsurance Treaty Underwriter at Constitution Reinsurance Corporation in New York. In 1995, he joined U.S. RE in the Atlanta office where he has served since.