FOR IMMEDIATE RELEASE                     

Maywood, NJ, May 1, 2004.

Jorgensen and Company, a specialist professional liability program underwriter, has announced a new strategic affiliation for the CPAGold™ program for accountants’ professional liability insurance program, with New York Marine and General Insurance Company.

“We are very excited about the outlook for CPAGold™ with such a strong partner as New York Marine and General Insurance Company and especially pleased that John Moore, one of the original architects of the program is leading the New York Marine and General team,” said Rickard Jorgensen, President of Jorgensen and Company, the program managers for CPAGold™.

“Our association with Jorgensen and Company and CPAGold™ is the culmination of a relationship we have developed over the past three years and our long term strategy to become a significant participant in the professional liability marketplace,” said John Moore, Vice President of Professional Liability for New York Marine and General Insurance Company. “We recognize and appreciate the expertise and resources brought to us by Jorgensen and Company and are confident that they will be an effective business partner”.

CPAGold™ can provide coverage up to $5,000,000 in limits with a variety of deductible options, and focuses upon firms of up to 50 CPA’s.

Jorgensen and Company formed the Professional Advisers Purchasing Group, Inc. in 1994 and commenced business as CPAGold™ in 1999. The primary function of CPAGold™ is to search for the most cost-effective and superior quality professional liability insurance for the members of the risk purchasing group.

New York Marine and General Insurance Company is an affiliate of NYMAGIC and the MMO Group of Companies. New York Marine and General Insurance Company is traded on the New York Stock Exchange under symbol NYM.

Contacts:
Rickard Jorgensen
Tel: (201) 226 1200 Ext. 203 (Jorgensen and Company)
E-mail:rjorgensen@jorgensenandcompany.com

John Moore Tel: (212) 551-0743 (New York Marine and General Insurance Company)
E-mail: jmoore@mmo.com