HOMESITE CONTINUES TO EXPAND ITS U.S. PRESENCE

Home Insurance Solutions Offered to Connecticut Residents

Boston, MA, November 6, 2001, -- Homesite Insurance in Boston, Massachusetts began offering its line of home insurance products and services to Connecticut residents today. The state addition marks the expansion of Homesite's sale of insurance in 24 states, and allows the Company to offer its products to over 56% of the insurable households in the United States.

"Homesite is a specialized insurer of homes, designed specifically to enable customers to access its products and services in any way they prefer, " said B.C. Verniero, Homesite's Vice President of Marketing. "Connecticut residents can now access Homesite's Apply-'n-BuyTM proprietary insurance technology to purchase homeowners, condominium owners, or renters insurance directly online during a single visit at www.homesite.com. The entire process, from completing a short application to printing a proof of coverage, typically takes 5 minutes for renters and condominium owners and 10 minutes for homeowners. For customers wishing to speak with a live person, Homesite also has a staff of licensed Insurance Specialists available by phone at 1-800-Homesite."

Since its founding in 1997, Homesite Group Incorporated has committed itself to addressing the problems that have historically plagued the U.S. property insurance business: high fixed costs, limited distribution channels, simplistic pricing models, minimal innovation, inconsistent service and volatile financial performance. Homesite markets its insurance products directly to consumers, as well as through affinity groups, employers and selected partners.

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, the global financial services firm.