Homesite Extends Insurance Offer to Oregon and Wisconsin Residents

Home Insurer Rapidly Building a National Presence

Boston, MA, June 19, 2001 -- Homesite Insurance in Boston, Mass., announced today the introduction of its home insurance products and services to consumers in Oregon and Wisconsin. The addition of these states marks the expansion of Homesite's sale of insurance in a total of 23 states, continuing its progress towards establishing a nationwide presence.

Focusing exclusively on the homeowners market, Homesite has concentrated on addressing problems long associated with the U.S. homeowners insurance business: high fixed costs, limited distribution channels, and minimal technological innovation. Homesites products are available through a variety of direct and intermediary channels and are distributed through call centers, the Internet and proprietary channels. Homesite continues to bring cutting-edge technology, innovative marketing and distribution strategies, and expertise in catastrophe management to the homeowners business. As a result, Homesite can provide Oregon and Wisconsin consumers -- and consumers across the country - with quality insurance products, outstanding customer service and low premiums. For a free homeowners or renters insurance quote, please visit us at www.homesite.com or call to speak to a licensed insurance specialist at 1-800-Homesite.

Solid financial stability and extensive management experience provide the foundation for Homesite's comprehensive coverage and exceptional service. The equity financing for Homesite was arranged by Morgan Stanley Dean Witter Capital Partners, the private equity group of Morgan Stanley Dean Witter (NYSE: MWD), the global financial services firm.