SUMMARY OF SKILLS

Steven Wevodau possesses extensive expertise in the property and casualty and life and
health insurance industries as well as the financial services market. His diverse
background includes broad expertise in areas such as finance, operations, marketing,
human resources, and legal. He also has extensive experience in mergers and acquisitions
and the integration of acquired companies.

As the former Senior Vice President of PSA Financial Center, Steven led a corporate
refinancing initiative that resulted in securing a $9.5 million senior credit facility. In
addition, Wevodau formulated and led PSA’s acquisition of RSM McGladrey’s Employee
Benefit Division. During his brief tenure, PSA’s revenues increased from $16 million to
over $25 million on a run rate basis. He also led PSA’s human resources, business center
operations, web-technology, and marketing initiatives.

Previously, Steven Wevodau served as managing partner of WFG Capital Advisors, an

insurance industry leading investment banking firm where he led the introduction of
WFG into the insurance and financial services market and spearheaded business
development, client and transactional services. Under his direction, WFG consistently
lead the insurance and financial services industries as one of the top firms in announced
transactions for 2004-2006.

Prior to that, Steven served as Senior Vice President, Corporate Finance of the Insurance
and Education Services group of The BISYS Group (formerly NYSE: BSG). During his
tenure, he was a key participant in the acquisition, operation and integration activities of a
$250 million Insurance and Education Services group. His primary duties included
acquisition development, negotiation and transaction leadership of more than 200 target
companies. He also served as corporate legal and financial due diligence leader and was
responsible for all post-acquisition integration planning. He also had charge of
operational oversight in addition to strategic development of the operating group.

Steven has cultivated the ability to work vertically and horizontally in the insurance
market. During his career, he has overseen complex reinsurance programs, managed
operations at the carrier level, and has been a key executive of a national insurance
distribution leader.

Steven Wevodau has authored numerous articles for industry publications. His expert
insight into the insurance brokerage market is sought after by the trade media, and his
analysis of industry trends and developments has appeared in numerous national and
worldwide publications. Wevodau was the former author of M & A Insights published by
The National Underwriter Company. EDUCATION

• The Pennsylvania State University, Finance Major 1986

PROFESSIONAL EMPLOYMENT
• 2007 – 2008 Senior Vice President & CFO, PSA Financial Center (Interim) -
Lutherville, MD

• 2002 – 2007 Managing Partner, WFG Capital Advisors LP - Harrisburg, Pennsylvania

• 1999 – 2002 Corporate Senior Vice President, Finance, BISYS Insurance & Education
Service Group (Formerly NYSE: BSG) - New York, New York

• 1996 – 1999 Vice President, Finance, BISYS Insurance Services Division - Harrisburg,
Pennsylvania • 1993 – 1996 Chief Financial Officer, The Underwriters Group, Inc. -
(Predecessor Company of BISYS Insurance Services) - Harrisburg, Pennsylvania • 1988
– 1993 Vice President / Treasurer / Chief Financial Officer, Millers Mutual Insurance
Company - Harrisburg, Pennsylvania • 1986 – 1988 Controller, Millers Mutual Insurance
Company - Harrisburg, Pennsylvania

SPECIAL ACCOMPLISHMENTS / TRAINING

• Earned NASD Series 7 and NASD Series 63 licenses (2003)

• Received specialized training in Advanced Financial Management of Insurance

Companies (1986-1987)

• Selected to BISYS Summit Sphere Club, granted for outstanding achievement. (1998 -
2001)

• Featured lecturer on behalf of Duke University’s Fuqua School of Management (2003)

• Featured speaker at the 2004 NAPSLO annual convention (2004)

• Featured presenter at the Council of Insurance Agents and Brokers convention (2004)

• Expert panelist featured regarding the industry impact of Eliot Spitzer’s investigations
(2004)

• Industry expert in numerous complex civil litigation cases (2003-2006)

• Industry source frequently called upon by media for market trends, industry
developments and merger and acquisition updates (2003-2007)

FEATURED PRESENTATIONS:

• November 2006 NAILBA National Conference Topic: Agency Valuation

• June 2006 Co-Sponsored Web Seminar - National Underwriter Co. & WFG Capital
Advisors Topic: 2005 Year End M&A Insights Insurance M&A Analysis and Outlook
• March 2006 Society of Underwriting Brokers (Sub Centers) Topic: The Future of the
Independent Agency

• March 2006 Universal Financial Consultants (UFC) Partner’s Meeting Topic:

Wholesalers

• January 2006 2006 Arizona Institute (Society of Financial Service Professionals) Topic:
The Future of the Independent Insurance Agency

• December 2005 Company Presentation - Bollinger, Inc. Topic: Strategic Alternatives for
Independent Agencies to Maximize Shareholder Value

• November 2005 Independent Insurance Agents of Iowa Topic: Developing and

Implementing Effective Perpetuation and Succession Strategies

• September 2005 Co-Sponsored Web Seminar - National Underwriter Co. & WFG
Capital Advisors Topic: 2005 Mid-Year M&A Insight - Insurance M&A Analysis and
Outlook

• September 2005 Featured Speakers - Big I Convention 2005 Topic: M&A Marketplace -
Overview, Deal Structures and the Eventual Sale of an Agency

• May 2005 Featured Speakers - Big I Education Convocation, Atlanta, Georgia Topic:
Comprehensive Agency Enhancement Solutions

• March 2005 National Underwriter Co. & WFG Capital Advisors Topic: 2005 Insurance
Mergers & Acquisitions - Outlook, Developments and Insights

• November 2004 Council of Insurance Agents and Brokers - Featured Industry Expert
Topic: Expert Panelist discussing Eliot Spitzer investigation into the Insurance Brokerage
Market

• October 2004 91st Annual Council of Insurance Agents and Brokers Insurance
Leadership Forum; White Sulpher Springs, West Virginia (The Greenbrier) Topic: Bank-
Owned Firms, Executive Panel Discussion

• September 2004 National Association of Professional Surplus Lines Offices (NAPSLO)

2004 Annual Convention Topic: Merger and Acquisition Trends & Developments

• July 2004 28th Annual Big I Education Convocation; San Francisco, California Topic:
Merger and Acquisition Trends & Developments

• April 2004 Professional Insurance Agents of Oklahoma 9th Annual Convention Topic:
Merger and Acquisition Trends & Developments • August 2003 Duke Corporate
Education; Chicago, Illinois Retained as an instructor on behalf of Duke University
Fuqua School of Management to present an executive forum on the insurance industry
• June 2003 Pennsylvania Association of Insurance and Financial Advisors (PAIFA)
Annual Conference; State College, Pennsylvania Topic: Trends in Agency Pricing and
Structure

• June 2003 Travelers Annual Leading Producer Convention; St. Simons Island, Georgia
Topic: Emerging M&A Trends for the Insurance Industry

• November 2002 National LTCI Producer’s Summit; Chicago, Illinois Topic: What’s
Your LTC Business Worth Tomorrow

• October 2002 Harleysville Agency Communication Council; Worcester, Massachusetts

Topic: Determining the Value of Your Agency

PROPRIETARY INSURANCE SEMINARS:

• September, 2006 Chicago, Illinois

• May, 2006 Bethesda, Maryland

• May, 2005 New York, New York

• April, 2004 Lancaster, Pennsylvania

• November, 2003 Charlotte, North Carolina

• May, 2003 Philadelphia, Pennsylvania

• January, 2003 Harrisburg, Pennsylvania

EDITOR - INDUSTRY PUBLICATIONS:

• Editor-in-Chief Financial Insights: E-newsletter circulated to over 7,000 industry

Professionals Monthly

• Editor-in-Chief Broker Insights: Quarterly research report covering top product

distributors in the insurance industry

• Editor-in-Chief Financial Insights Year In Review: Merger and acquisition sourcebook

Circulated to over 2,000 industry professionals and published by The National
Underwriter Company

FEATURED WRITING AND INDUSTRY INSIGHTS:

• Featured writer for Leader’s Edge, The National Underwriter and Insurance Journal
Magazine
• Other Proprietary:

* Realistic Agency Valuation: A complex blend of art and science, NAILBA Magazine,
October 2006

* Is Your Cash Cow Producing Skim Milk? Agencies urged to consider whether other
investments would outperform ownership, The National Underwriter – Property &
Casualty Edition, October 2, 2006

* The Best Merger Mentality: Conservative and Calculating, Insurance Journal,

September 25, 2006

* Agency Value Hinges on Transaction Type, Intangibles, The National Underwriter –

Property & Casualty Edition, May 15, 2006

* Keep Producers Engaged, Productive with a Smarter Incentive Pay Plan, The National
Underwriter – Property & Casualty Edition, May 8, 2006

* Intermediary M&A Book May Get Louder in 2006, The National Underwriter -
Property & Casualty Edition, April 3, 2006

* 10 Basic Rules of Selling an Insurance Agency, Health Insurance Underwriter -

November 2005

* Climb Out Of The Industry Cycle With An Acquisition, Health Insurance Underwriter -
July 2005

* Pump It Up: Put some muscle behind your compensation system to boost profitable
sales performance, Leader’s Edge, June 2005

* Cross-Selling May Be A Missed Opportunity For Agents And Brokers - Part II,
Insurance Journal, April 18, 2005

* For Many Agency Owners, Cross Selling Is A Missed Opportunity - Part 1, Insurance
Journal, March 21, 2005

* Carrying Out the Growth: The Art of Agency Acquisition - Part II, Insurance Journal,
January 3, 2005

* Planning to Grow: The Art of Agency Acquisition-Part 1, Insurance Journal, December

6, 2004

* Expect More Mergers with the Soft Market, Independent Agent Magazine, December
2004
* Industry Consolidation Continues to Gain Momentum, 2005 Looks Cloudy, Insurance
Journal, November 22, 2004

* Agency Consolidation Picking Up Speed, The National Underwriter – Property and

Casualty Edition, July 2004

* Retail Therapy for Brokers, Reactions Magazine, May 2004

* Growth in the Insurance Brokerage Industry – Real or Manufactured, The Risk

Management Letter, Volume 24 Issue 6

* Buyer’s Math: Revealing the True Logic Behind the Myth of Multiples, The National
Underwriter – Property and Casualty Edition, December 2003

* Agency Succession Planning: Options and Opportunities, The National Underwriter –

Life and Health Edition, November 2003

* Tips for Maximizing Your Agency’s Results, The National Underwriter – Property and
Casualty Edition, November 2003

* ESOPs Make Sense for Agencies, The National Underwriter – Property and Casualty
Edition, July 2003

* Lessons Learned From Past Acquisitions, The National Underwriter – Property and
Casualty Edition, June 2003

* Buyers Have Much to Consider in Agency Acquisitions, Business Insurance, March

2003

* Agency Valuation is an Art, Not Science, The National Underwriter – Property and
Casualty Edition, November 2002

* 10 Rules to Follow When You Are Selling Your Agency, The National Underwriter –
Property and Casualty Edition, July 2002

• Interview by leading trade journals to provide industry insights. Publications include:

* A.M. Best • Lloyd’s List

* American Agent & Broker • NAPSLO News

* American Bankers Insurance Association • Reactions Magazine

* Business Insurance • Reuters

* Health Insurance Underwriter • SNL Financial

* Insurance Journal • The London Post

* Insurance News & Views • The National Underwriter

* Leader’s Edge • NAPSLO News

PROFESSIONAL ORGANIZATION MEMBERSHIPS & BUSINESS AFFILIATIONS

* Former owner of InsuranceNewsNet.com, a news service reaching 500,000 industry

professionals per month

* Pennsylvania Association of Insurance and Financial Advisors (PAIFA)

* National Association of Certified Valuation Analysts (NACVA)

* Council of Insurance Agents and Brokers (CIAB)

* Independent Insurance Agents and Brokers of America (IIABA)

* American Bankers Insurance Association (ABIA)

* Member of the National Association of Professional Surplus Lines Offices (NAPSLO)

* National Association of Independent Life Brokerage Agencies (NAILBA)

* Professional Insurance Agents Associations (PIA)

* Benefit Advisor’s Network (BAN)

* Member of the American Association of Insurance Management Consultants

(AAIMCO)

MAJOR INSTITUTIONAL CONSULTING CLIENTELE REFERENCES

* Marsh McLennan Companies

* Brunswick Corporation

* Nationwide Mutual Insurance Company

* LPL Financial

* Ameriquest Capital

* American Capital
* Texas Pacific Group

* National City Bank

* Regions Financial Corp & Morgan Keegan

* USI Insurance Group

* Penn National Insurance Company

* Sanders Morris Harris Group, Inc.