Market Overview

Bunker Hill Insurance Group Upgraded to A- "Excellent" Rating by A.M. Best


Bunker Hill Insurance Group today announced that its Financial Strength
Rating has been upgraded to A- ("Excellent") and its Long-Term Issuer
Credit Ratings to "a-" by A.M. Best Rating Services, Inc., the world's
oldest and most authoritative insurance rating and information source.
The rating, which was issued along with a revised outlook of "stable,"
reflects Bunker Hill's strong operating performance, risk-adjusted
capitalization strategies and balance sheet strength, which A.M. Best
categorized as "very strong."

"We're proud to have received the upgraded financial strength rating
from A.M. Best," said Bill Martin, CEO of Bunker Hill Insurance Company.
"We have continued to invest in our home insurance group and are
committed to remaining a leading writer of account business for our
independent agents. Our innovative products and features – like our
quick quoting application which delivers a bindable home insurance quote
in seconds – will position us for future success."

Bunker Hill offers home insurance to customers in Massachusetts and
Connecticut. Together with its auto insurance affiliate Plymouth Rock
Assurance Corporation, Bunker Hill works with more than 700 independent
agents, helping them grow their businesses through its innovative hybrid
distribution model, which delivers policies and leads to participating

Bunker Hill independent agent and President of Gordon Atlantic Insurance
Geoff Gordon offered this comment in reaction to the news: "Our agency
has a longstanding relationship with Plymouth Rock and Bunker Hill and
we are pleased to see Bunker Hill's financial strength rating upgraded
by A.M. Best. Plymouth Rock and Bunker Hill have demonstrated strong
operating performance and a willingness to invest in their property line
of business. Those factors, combined with an independent rating from by
a respected organization like A.M. Best, give our agency continued
confidence to highly recommend their products to our clients."

About Bunker Hill Insurance
Headquartered in Boston, Bunker
Hill Insurance Company provides home insurance to customers in
Massachusetts and Connecticut. It was started in 1996 with one
objective: to become the premier provider of home insurance products in
New England. Today, the company and its subsidiaries protect over 50,000
families from damage due to fire, theft or accident.

Bunker Hill Insurance Company is part of The Plymouth Rock Group of
Companies, which provides personal and commercial auto insurance and
home insurance through several separate underwriting companies. Each
company is financially responsible only for its own insurance products
and actual coverage is subject to the language of the policies as issued
by each separate company.

The Plymouth Rock Group of Companies was founded in 1982 by Jim Stone.
Taken together, the group's companies write and manage more than $1.3
billion in auto and home insurance premiums across Connecticut,
Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.

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