Shand Morahan & Co., Inc. Acquires Cambridge Alliance

DEERFIELD, Ill., Aug. 1 /PRNewswire/ -- Shand Morahan & Company Inc., aMarkel Corporation company, is very pleased to announce the acquisition ofCambridge Alliance. Mike Rozenberg, president & COO stated, "We believethis move will enhance our professional liability portfolio by addingInvestment Advisors with a recognized, quality specialist, CambridgeAllliance. Cambridge's Financial Advisors business has truly distinguisheditself with a uniquely focused underwriting team and personalized service.This move is intended to complement our established focus on professionalliability and expand our offering in the financial services arena." Cambridge Alliance will place business with the Evanston InsuranceCompany in all states except Illinois and New Hampshire, where businesswill be placed with the Essex Insurance Company. Both companies enjoy theMarkel Corporation's "A XIII" (Excellent) group rating by AM Best. Markel Corporation markets and underwrites specialty insurance productsand programs to a variety of niche markets. In each of these markets, theCompany seeks to provide quality products and excellent customer service inorder to be a market leader. The financial goals of the Company are to earnconsistent underwriting profits and superior investment returns to buildshareholder value. For more information on the Markel Group of companies,please visit http://www.markelcorp.com .