News

For Immediate Release July 1, 2008 Treasury Limit Exceeds $5,000,000 Claims Paying Ability Exceeds $100,000,000 Houston, Texas (July 1, 2008): SureTec Insurance Company is pleased to announce that the U.S. Department of Treasury, in its annual listing of Authorized Sureties (Circular 570) issued today, has assigned SureTec an underwriting limitation of $5,107,000. This substantially increased limit is the result of strong earnings and capital contributions from its parent, SureTec Financial Corp. which, on a consolidated basis, has in excess of $120 million in assets. The company’s financial strength continues to grow. With policyholders’ surplus exceeding $50 million, insurance reserves of $30 million, and a $25 million, five-year credit facility available for capital contributions, the company’s claims paying ability now exceeds $100,000,000. This is superior financial strength for a growing company currently writing $50 million in annual premiums. A Treasury-Listed Company must reinsure amounts exceeding its Treasury Limit. SureTec takes a more conservative approach by reinsuring amounts in excess of $1 million. Its treaties are with two of the world’s largest and strongest reinsurers; Munich Reinsurance America and Swiss Reinsurance America. SureTec Insurance Company is rated A-(Excellent) VII, by A.M. Best. The company, domiciled in Texas, is licensed from California to Florida and expects to be licensed in 25 States by year-end. Through reinsurance agreements with affiliates, SureTec has the ability to write in all 50 States and use A+ XIII rated paper. SureTec, through independent agents and professional surety producers, specializes in underwriting small-to-midsize contract bonds and commercial surety. Underwriting from the perspective of “Finding a Responsible Way to say Yes” in “Partnership with Professional Producers” is a fundamental cornerstone of SureTec. For more information on SureTec, please visit our web site at www.suretec.com   John Knox, Jr., Chairman/CEO 713-683-1471 (Direct) jknox@suretec.com   * * * * *