AFG American Financial Group

Ausco and Great American Insurance Company Partner to Offer Specialized Liability Coverages CHICAGO, May 25 /PRNewswire-FirstCall/ -- Ausco and Great American Insurance Company's Executive Liability Division (ELD) will enter a new business relationship offering non-profit liability and employment practices liability insurance to select industries. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) The relationship will expand Great American Insurance Company's commitment to the non-profit sector and greatly enhance its market position to underwrite employment practices liability coverage. Great American's ELD has underwritten Non-Profit Directors' and Officers' (D&O) Liability for over 15 years and is known for its expertise and exceptional service as a D&O provider. Ausco is a managing general underwriter serving the coverage needs for non-profit organizations since 1981. "Ausco has an outstanding reputation in the market. This new relationship will give Ausco's agents and their clients access to sizable underwriting resources to meet the specialized coverage needs of selected non-profit segments. Both Ausco and ELD have seasoned underwriting teams possessing a wealth of experience in serving the non-profit industry," said Jane Kornesczuk, senior vice president and chief underwriting officer of Great American's Executive Liability Division. As a pioneer of Employment Practices Liability coverage, Ausco will also be underwriting Great American's ExecPro Employment Practices Liability Insurance Policy for certain industry segments. The combined efforts of the two entities underscore Great American Insurance Company's commitment to employment practices liability. "The Great American relationship enables us to capitalize on the great franchise value of two specialty companies in the packaging and delivery of comprehensive, cost competitive products to this market," says Diane DiOrio, managing director of Ausco. The Great American ExecPro Non-Profit and EPL products will be available through Ausco and the Executive Liability Division. Agents and brokers will be free to submit business to either organization and receive the same competitive coverage and exceptional service. Eligibility of risk varies by product and industry. For more information contact Diane DiOrio at 312.381.2923 or Jane Kornesczuk at 847.330.6761. About Ausco Ausco, a division of Financial & Professional Risk Solutions, Inc., is a managing general underwriter serving the insurance needs of non-profit organizations and small commercial entities nationwide. Financial & Professional Risk Solutions, Inc. is a subsidiary of Aon Corporation http://www.ausco.fprsi.com/ About Aon Aon Corporation (NYSE:AOC)( http://www.aon.com/ ) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 47,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions. About Great American Great American's Executive Liability Division, founded in 1986, offers independent agents and brokers a specialized facility for Directors' and Officers' Liability Insurance (D&O) and related management liability coverages. The Division offers coverage to a very broad range of insureds, from non-profit organizations and small family-owned businesses to large multi-national corporations. For more information about the ELD, visit http://www.greatamericaneld.com/. Great American Insurance Company, founded in 1872 and based in Cincinnati, Ohio is a member of Great American Insurance Group and a subsidiary of American Financial Group (NYSE:AFG). Great American Insurance Group is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of annuities, supplemental insurance and life products. For more information about Great American Insurance Group's products and services, please visit http://www.greatamericaninsurance.com/. Aon Safe Harbor This press release contains certain statements related to future results, or states our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. Potential factors that could impact results include: general economic conditions in different countries in which we do business around the world, changes in global equity and fixed income markets that could affect the return on invested assets, fluctuations in exchange and interest rates that could influence revenue and expense, rating agency actions that could affect our ability to borrow funds, funding of our various pension plans, changes in the competitive environment, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, changes in revenues and earnings due to the elimination of contingent commissions, other uncertainties surrounding a new compensation model, the impact of regulatory investigations brought by state attorneys general and state insurance regulators related to our compensation arrangements with underwriters and related issues, the impact of class actions and individual lawsuits including client class actions, securities class actions, derivative actions, and ERISA class actions, the cost of resolution of other contingent liabilities and loss contingencies, and the difference in ultimate paid claims in our underwriting companies from actuarial estimates. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. For More Information: Contact: Diane DiOrio, managing director, Ausco 312.381.2923 Jane Kornesczuk, sr. vice president, Great American Insurance Company 847.330.6761 http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT: Diane DiOrio, managing director, of Ausco, +1-312-381-2923; or Jane Kornesczuk, sr. vice president, of Great American Insurance Company, +1-847-330-6761 Web site: http://www.ausco.fprsi.com/ http://www.greatamericaneld.com/ http://www.greatamericaninsurance.com/ http://www.aon.com/

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