Bancinsurance Hires Merlinos & Associates to Analyze Ohio Indemnity Loss Reserves

February 22, 2005

Columbus, Ohio-based specialty insurer Bancinsurance Corp. announced that Merlinos & Associates Inc. has been engaged to provide actuarial consulting services to its subsidiary, Ohio Indemnity Co. Merlinos & Associates will perform an analysis and issue a statement of actuarial opinion concerning Ohio Indemnity’s loss reserves as of Dec. 31, 2004.

Bancinsurance President John Sokol commented, “We are very pleased with Merlinos & Associates’ professional qualifications regarding product lines in which Ohio Indemnity specializes. Specifically, Merlinos & Associates has experience with collateral protection, surety and bail bond products. We believe these capabilities will provide the company with a high quality review of our loss reserves.”

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