PHLY Philadelphia Consolidated Corp (MM)

BALA CYNWYD, Pa., June 16 /PRNewswire-FirstCall/ -- Philadelphia Insurance Companies (NASDAQ:PHLY) announced that Mr. Christopher J. Maguire has been appointed as the Company's Chief Operating Officer. Mr. Maguire has served as the Company's Executive Vice President and Chief Underwriting Officer since February 2003, and prior to 2003 in various senior management positions within the Underwriting Department. Mr. Maguire, who joined the Company in 1987, will continue to serve as an Executive Vice President of the Company. In operation since 1962, PHLY designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company, whose commercial lines insurance subsidiaries are rated A+ (Superior) by A.M. Best Company and A1 for insurance financial strength by Moody's Investors Services, is nationally recognized as a member of Ward's Top 50, Forbes' Platinum 400 list of America's Best Big Companies and Forbes' 100 Best Mid-Cap Stocks in America. The organization has 47 offices strategically located across the United States to provide superior service. To locate your nearest office or for more information, visit us on the web at http://www.phly.com/ or contact Paula Negro at 800-873-4552 ext. 3227. DATASOURCE: Philadelphia Insurance Companies CONTACT: Media, Paula Negro, Assistant Vice President, Marketing, +1-610-766-3227, ; or Investor Relations, Joseph Barnholt, Assistant Vice President, +1-610-617-7626, , both of Philadelphia Insurance Companies Web site: http://www.phly.com/

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