Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage

December 6, 2006

(Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary Markel Surplus Lines Brokerage, Inc. (GMSL), today announced the asset acquisition of GMSL by ASL-FL. ASL-FL will own and operate the acquired assets.

ASL – FL is a member of the Atlantic Specialty Lines, Inc. group of companies with offices in VA, IL, FL, MD & PA. ASL provides wholesale Excess and Surplus lines insurance, agency brokerage and managing general agency services. The company’s web address is www.Atlanticspecial.com.

The office will be headed by Seth Johnson, COO who has been in the ASL – VA office since 1996. Paula Ross, Executive Vice President GMSL, will stay on board in that capacity to assist Seth with growing our Florida operations.

“This gives us a much larger platform to grow our existing Florida operation”, says Mr. Bryant. Mr. Kanipe adds, ” We are truly excited to have Paula and her team join the ASL family. Together with our existing FL operation and overall management team we are poised for significant growth in the Southeast.”

Paula Ross stated, “We are all thrilled to be joining the ASL team. Adding Seth Johnson to our office along with ASL’s dedicated HR, IT and Accounting departments will enable us to bring our office to the next level.”

For more information regarding this News Release, please contact:

Martin Kanipe, CPCU, ASLI
Executive Vice President
(804) 272-2655
mkanipe@atlanticspecial.com

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