Allan Fulkerson

Three new civil lawsuits - one in Bermuda and two in the United States - have been filed against members of the Mutual Risk Management group.On July 30, 2002, Aegis Corporation and Principal Insurance Managers filed an action against Mutual Indemnity (Bermuda) Ltd. at Bermuda Supreme Court.

Two directors of Mutual Risk Management - Jerry Rosenbloom and Allan Fulkerson - gave separate notice to the SEC on September 23 that they intended to each sell 20,000 of the company's shares. There has been no notification to the SEC that the shares have been sold which may indicate that the that the price dropped too steeply to meet their sell criteria.

Mutual Risk Management and its officers and directors have taken advantage of the recent massive collapse in the company's stock price by aggressively snapping up shares on the open market.