News Room

August 30, 2007

John A. Frobose Named President of Assurant Specialty Property’s Lending Solutions Business

Michael Campbell Appointed Senior Vice President and Hazard Product Line Executive

ATLANTA: Assurant Specialty Property, the leading provider of creditor-placed homeowners insurance and related services to mortgage companies, announced that John A. Frobose has been named president of Assurant Specialty Property’s Lending Solutions business. He succeeds Gene Mergelmeyer, who was recently promoted to president of Assurant Specialty Property.

Frobose, of Suwanee, Ga., has served as senior vice president and hazard product line executive for Lending Solutions since October 2005. He joined a predecessor company, American Security Group, in 1994, and has served in various management positions, including flood insurance product manager, vice president, mortgage market product management, and national client relationship and hazard business manager.

“John has a tremendous knowledge of the business, respect from our client base and has been a big part of our ongoing success,” said Mergelmeyer, who announced the appointment.

Michael Campbell, of San Clemente, Calif., was named senior vice president and hazard product line executive, succeeding Frobose. Campbell joined Assurant Specialty Property in May 2006 after Assurant Specialty Property acquired Safeco, Inc.’s creditor-placed homeowners insurance business. Campbell served as president of Safeco Financial Institutional Services from 2004 to 2006. Campbell, who previously served as senior vice president, operations and finance, for the Lending Solutions business, will retain his financial management responsibilities in his new position.

“Mike has made a positive impact on the business unit in his short time with the company and has proven his leadership capabilities,” Mergelmeyer said.

Assurant Specialty Property’s Lending Solutions business provides hazard and flood insurance tracking, escrow disbursement, loss draft tracking and hazard insurance-related customer service to mortgage lenders and their customers. The company currently tracks a portfolio of more than 30 million loans. Its clients currently include 17 of the top 25 prime loan servicers and 14 of the top 25 sub prime loan servicers. Lending Solutions operates service centers in Santa Ana and Tustin, Calif., Duluth, Ga., Springfield, Ohio, and Florence, S.C.

About Assurant Specialty Property

Assurant Specialty Property businesses are leading providers of creditor-placed homeowners insurance, collateral protection programs and related outsourcing services. They develop, underwrite, market and administer specialty property and personal lines of insurance through collaborative relationships with leading home mortgage companies, manufactured home builders and dealers, auto finance companies, property management companies and managing general agents. Assurant Specialty Property serves clients and their customers in all 50 states and the District of Columbia.

Assurant Specialty Property is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses – Assurant Solutions, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits – partner with clients who are leaders in their industries and who have built leadership positions in a number of specialty insurance market segments worldwide.

Assurant, a Fortune 500 company and part of the S&P 500 stock index, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has over $23 billion in assets and $7 billion in annual revenue. www.assurant.com

Media Contact:

James A. Sykes
Assurant Specialty Property
260 Interstate North Circle, SE
Atlanta, Ga. 30339-2110
Telephone: 770.763.1015
FAX: 770.859.4325
E-mail: james.sykes@assurant.com