American Specialty Sports & Entertainment Purchasing Group

The Directors & Officers Liability coverage is brought to you by The American Specialty Sports & Entertainment Purchasing Group, administered by American Specialty Insurance & Risk Services, Inc., the nation's leading provider of insurance, risk management, and claims management services for the Sports and Entertainment Industry.

This American Specialty Sports & Entertainment Purchasing Group has been organized as a purchasing group in Indiana, pursuant to legislation enacted by the US Congress as the Federal Liability Risk Retention Act of 1986. You become a member of the purchasing group once your completed application has been approved and your membership fee and premium payment are received. The applicant hereby represents and confirms that the information provided, to the best of the applicant's knowledge, is true and correct and further certifies that applicant has read all of the questions and answers on this application. The applicant understands that incorrect information could void the insurance coverage. The applicant understands that any false or misleading information on this application may be subject to criminal and civil penalties. Any person, who, with intent to defraud or knowing that he/she is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement may be guilty of insurance fraud.

For more information, please visit our website www.amerspec.com.

Philadelphia Insurance Companies

Philadelphia Consolidated Holding Corp., ("Philadelphia Insurance Companies"), (NASDAQ: PHLY) designs, markets and underwrites commercial property/casualty, personal lines and professional liability insurance products for select target industries or niches including among others, nonprofit organizations; the health, fitness and wellness industry; select classes of professional liability; the rental car industry; automobile leasing industry; and personal property and casualty insurance products for the homeowners and manufactured housing markets. A select group of “preferred agents” and a broader network of independent agents supplement the production underwriting organization, which consists of 41 regional and field offices across the United States.

Philadelphia Insurance Companies selects and targets industries and niches that present specialized areas of demand where it can grow business through creatively developing insurance products with innovative features specially designed to meet those areas of demand. These features are not included in typical property and casualty policies, enabling competition to be based on the unique or customized nature of the coverage provided as opposed to price. An adherence to an underwriting philosophy aimed at consistently generating underwriting profits through sound risk selection and pricing discipline is maintained.

Philadelphia Insurance Companies commercial and personal lines insurance subsidiaries are rated A+ (Superior), and A- (Excellent), respectively, by A.M. Best Company.

For more information, please visit our website www.phlyins.com.