News Release June 5, 2006 For Immediate Release: For further information contact: American Wholesale Insurance Group Chris Gill Director of Marketing Telephone: 704.943.2006 chris.gill@amwins.com American Wholesale Insurance Group Completes Second Group Benefits Acquisition This Quarter June 5, 2006 – Charlotte, NC – American Wholesale Insurance Group (AmWINS), the nation’s second largest wholesale insurance broker, announced today that it has acquired the Policy Administration Division (PA Division) of CBCA Administrators, Inc., of Fort Worth, Texas. The acquisition comes shortly after the April 24th acquisition of Dallas based Web TPA, Inc., a leading third party administrator for self-funded employers and insurance companies. The PA Division will become part of National Employee Benefit Companies (NEBCO), an AmWINS company. With the addition of the PA Division’s significant customer base, NEBCO is now among the largest association insurance administrators in the United States. “The integration of the PA Division into the AmWINS family is a continuation of our plan to further establish our Group Benefits Division,” said Steven DeCarlo, AmWINS President & CEO. “Our benefit broker customers will benefit enormously from the unique mix of expertise we are acquiring, including sales and marketing, policy administration and underwriting.” “Joining AmWINS means joining one of the finest group benefit brokerage and administration companies in the US,” said Duane Beckner, Senior Vice President. “We believe our core competencies dovetail nicely with what AmWINS and NEBCO already offer in the marketplace.” “The one-two punch of the PA Division acquisition on the heels of Web TPA is extremely exciting for our team,” said Samuel Fleet, President of AmWINS Group Benefits. “This means both a significant expansion of our capabilities and services for our customers and an increase in the number of insurance carriers we service.” About American Wholesale Insurance Group AmWINS (www.amwins.com) is a wholesale insurance organization dedicated to serving retail agents throughout the United States by providing property and casualty, group life and health, and program administration capabilities. The company handles total premium placements of over $2.4 billion ranking as the second largest wholesale insurance broker in the United States by Business Insurance magazine.