Minneapolis, MN August 28, 2004 - John B. Collins Associates, Inc., one of the world’s leading reinsurance intermediaries, today announced that Spencer Woodbury has joined the firm as a Senior Vice President in their San Francisco office.In his new role, Mr. Woodbury will be responsible for establishing new reinsurance brokerage client relationships as well as serving the needs of existing clients. He brings 25 years of insurance and reinsurance experience to the company, most recently in positions with reinsurance intermediaries Market Re and Guy Carpenter. Mr.

Spencer is an outstanding addition to our San Francisco staff,” said Bob Kimmel, Senior Vice President. “He brings a wealth of reinsurance knowledge and MGA program experience to help service our property casualty clients.”"We’re excited to have Spencer join our company to help us continue our growth,” said Pat Denzer, President and CEO of Collins Associates. “The expansion of our San Francisco office will enable us to better serve the needs of our expanding base of clients.”About Collins AssociatesJohn B.

Associates is one of the largest reinsurance intermediaries in the world, and consistently ranks among the fastest growing. The privately-held company provides reinsurance and risk transfer assistance along with associated analytical services including catastrophe modeling, dynamic financial analysis and actuarial services. Collins Associates is a leader in the property & casualty, life/accident & health and agriculture/crop reinsurance segments. The company operates eight offices across the U.S., in addition to London and Bermuda.