Philadelphia Insurance Names Karen Gilmer-Pauciello New Chief Financial Officer

Philadelphia Insurance Names Karen Gilmer-Pauciello New Chief Financial

Craig Keller retires from position after 21 years with PHLY

BALA CYNWYD, Pa., June 27, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Philadelphia
Insurance Companies (PHLY), a leading property and casualty insurance company
for niche markets, announces the promotion of Karen Gilmer-Pauciello from
Senior Vice President & Controller to Executive Vice President, Chief
Financial Officer and Treasurer.

"Karen is an exceptional leader with a comprehensive understanding of the
financial and regulatory issues in our industry," commented Bob O'Leary,
president and chief executive officer of PHLY. "Her significant contributions
have helped develop our financial strength and stability, and shaped PHLY into
a leading P&C company."

In her new role, Ms. Pauciello has responsibility for all financial and tax
accounting and reporting, corporate budgeting/planning and treasury
activities, and she serves as liaison to the Company's external auditors and
investment advisors. She will also serve as Executive Vice President, Chief
Financial Officer, and Treasurer of Tokio Marine North America, Inc., the
parent company of PHLY, and a wholly-owned subsidiary of Tokio Marine
Holdings, Inc. She takes over for Craig Keller who retires after 21 years as
Chief Financial Officer of PHLY.

"Craig was a torchbearer for PHLY, guiding the Company through the financial
and regulatory waters of our industry. His leadership and integrity helped
build a stable balance sheet to propel PHLY's growth into an industry leader,"
said O'Leary. 'We thank him for all that he has done for us and wish him a
happy and fulfilling retirement."

After joining PHLY in 2005 as Vice President & Controller, Ms. Pauciello was
promoted to Senior Vice President & Controller in 2009. Prior to joining PHLY,
she previously held financial management positions at several insurers,
beginning her career as an auditor at Pricewaterhouse Coopers in Philadelphia.

Ms. Pauciello holds a B.S. in Accounting and an M.B.A. (Finance concentration)
from LaSalle University in Philadelphia. She is a Certified Public Accountant
in the Commonwealth of Pennsylvania and a member of the American &
Pennsylvania Institutes of Certified Public Accountants. Ms. Pauciello resides
in Wyndmoor, Pennsylvania with her husband and their triplet sons.

Headshots are available upon request by emailing phlypr(at)phlyins(dot)com.

About Philadelphia Insurance

Philadelphia Insurance Companies designs, markets, and underwrites commercial
property/casualty and professional liability insurance products incorporating
value added coverages and services for select industries. In operation since
1962, the Company, whose commercial lines insurance subsidiaries are rated
"A++" (Superior) by A.M. Best Company and "A+" for counterparty credit and
financial strength by Standard & Poor's, is nationally recognized as a member
of Ward's Top 50, National Underwriter's Top 100, and one of the Top 150
Workplaces in America. The organization has 45 offices strategically located
across the United States to provide superior service. For more information,
please visit


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CONTACT: Philadelphia Insurance Companies
         Bill Procopio
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