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FOR IMMEDIATE RELEASE . . . . . . . .. . . . . . . . . . . . . . . . . . . . . June 30, 2005 Dallas, Texas Independent Insurance Group, Inc., Dallas, Texas, is pleased to announce the acquisition of PCL Contract Bonding Agency by its partners. PCL, celebrating its 20th anniversary this year, was sold to the group by SureTec Financial Corp. on June 30.

"IIGI is heavily involved in property and casualty insurance for the construction industry. We also provide employee benefits programs. Our strategic plan identified contract bonding as a logical expansion, and we believe our acquisition of an established agency is the best way to accomplish that goal," explained IIGI CEO Peter Mulcahy. "PCL can facilitate bonding for our existing clients, while IIGI can offer professional construction insurance and employee benefits programs to PCL clients."

Clem Lesch is a member of the new owner group and will remain President of PCL, which is located in Lewisville, Texas, and has a staff of seven. The agency was acquired by SureTec Financial Corp. in January 2002. "We have always been proud of our association with SureTec, and consider SureTec one of our valued markets," said Lesch. "Under our new ownership, we will continue to build and foster that relationship."

IIGI, established in 1993, has a staff of twenty-seven. "Both agencies have a tradition of excellence, professionalism and exceptional customer service, and we believe our philosophies of doing business are a perfect match," stated IIGI COO Patrick C. Locke.