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Meadowbrook Insurance Group, Inc. and ProCentury Corporation Reach Agreement to Merge in $272.6 Million Transaction
Date:2/20/2008

uments as described above.

About Meadowbrook Insurance Group, Inc.

Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook is a risk management organization, specializing in alternative risk management solutions

for agents, professional/trade associations, and small to medium-sized insureds.

Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". Further information about Meadowbrook can be found at its corporate website at http://www.meadowbrook.com.

About ProCentury Corporation

ProCentury Corporation is a specialty property and casualty insurance holding company based in Columbus, Ohio. Its subsidiary, Century Surety Company, underwrites property and casualty insurance for small and mid-sized businesses. Century Surety Company primarily writes excess and surplus lines insurance and markets its products through a select network of general agents.

ProCentury Corporation common shares are listed on Nasdaq under the symbol "PROS". Further information about ProCentury can be found at its corporate website at http://www.procentury.com .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended. These include statements as to the benefits of the merger, including future financial and operating results, cost savings, enhanced revenues and the accretion/dilution to reported earnings that may be realized from the merger as well as other statements of expectations regarding the merger and any other statements regarding future results or expectations. Each of Mead
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SOURCE Meadowbrook Insurance Group, Inc.; ProCentury Corporation
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