Collins is a privately held firm providing reinsurance brokerage and other insurance-related services. Measured in U.S. reinsurance brokerage revenues, it is among the fastest growing reinsurance brokers in the United States. Business Insurance magazine (Nov. 6, 2006) ranked Collins as the 10th largest reinsurance broker in the world.

Revenues: $64.4 million (y/e 2006; vs. $51.5 million y/e 2005)

Ceded premiums: $1.8 billion (y/e 2006; vs. $1.66 billion y/e 2005)

Clientele: U.S.-based insurers, including stock companies (stand-alone U.S. firms and U.S. divisions of global insurance groups), mutual companies, reciprocals, captives, risk retention groups, managing general underwriters, managing general agents, government entities

Global reach: Placing reinsurance in major world markets, including the United States, Bermuda, London and elsewhere in Europe

Locations: Headquartered in Minneapolis; additional offices in Bermuda; Boston; Burlington, N. C.; Chicago; Dallas; Hartford; London; New York; Orange County, Calif.; Philadelphia; San Francisco; Seattle; and Tampa, Fla.

Employees: 180 (approx.)

Highlights, trends:

• Established in 1987.
• Compound annual revenue growth rate of over 20 percent since 1995.
• Active in virtually every line of reinsurance, including property, property catastrophe, casualty, professional liability, life, accident & health, agriculture.
• Ceded premiums have quintupled in the past 10 years, from $368 million in 1995 to approximately $1.8 billion at year-end 2006.
• Specialty areas include professional liability, workers' compensation, commercial earthquake, Florida property catastrophe, programs, industry loss warranties, state funds and similar governmental programs, catastrophe modeling and other analytical services.

Subsidiaries:

• John B. Collins Associates (U.K.) Ltd., London
• John B. Collins Associates (Bermuda) Ltd.
• GreenWood International Insurance Services, Inc.; managing general underwriter located in Boston that focuses on medical stop loss, personal accident and occupational accident insurance.

June 27, 2007