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BRECKENRIDGE IS ANNOUNCES ACQUISITION OF WESTERN PINNACLE INSURANCE SERVICES

FRESNO, Calif., Dec. 24, 2009  — In an effort to better serve their nationwide client base, New York based – Breckenridge Insurance Group (“Breckenridge”) has acquired Western Pinnacle Insurance Services, based in Fresno, CA. A leading wholesale broker of workers compensation and ancillary coverages, with a producer based throughout the western states, Western Pinnacle boasts a staff with an average of nearly 20 years individual experience assisting agents and brokers structure the placement of both difficult and “plain-vanilla” risks.

“We are excited about the opportunities Western Pinnacle brings to our growing organization”, declared Breckenridge Chief Executive Officer – Tracey A. Carragher.  “With the vast facilities available through the Breckenridge network, Fresno will be expanding nationally through the marketing of exclusive ‘BreckComp’ products.  In addition to the highly competitive workers compensation products available from Western Pinnacle, other complimentary lines will be made immediately available to our loyal clients”, Carragher noted.

Western Pinnacle/BreckComp President – Virgil Anderson indicated, “We’re eager to take advantage of the broad capabilities and influence Breckenridge’s holdings bring to our base.  Placing workers compensation is a challenge for many agents as a consequence of rates drifting higher and the economic stress insureds face.  BreckComp facilities will help alleviate the uncertainties inherent in marketing accounts”.

For further information on BreckComp products, please contact Virgil Anderson at 559-221-2050, or visit www.breckcomp.com.

Breckenridge Insurance Services is a national holding company that comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries.  Details available at www.breckis.com.