(C) ANNUAL BI DIRECTORY OF WORLDWIDE REINSURERS.(Directory)

CCR

31 Rue de Courcelles,

Paris 75008, France;

33-1-44-35-3100;

fax: 33-1-44-35-3131

1998 1997

Premium written $610,687,600 $641,760,948

Premium earned $708,141,800 $613,110,069

Capital/surplus $646,139,230 $612,886,059

Net income $46,061,840 $48,834,180

Losses $570,959,280 $475,348,194

Loss ratio 80.6% 77.9%

Expenses $172,559,350 $133,701,651

Expense ratio 24.4% 21.8%

Combined ratio 105% 99.7%

Treaty 94.3% 94.2%

Facultative 5.7% 5.8%

Domestic 74% 73.5%

Foreign 26% 26.5%

Life 26.1% 22.8%

Non-life 73.9% 77.2%

Founded: 1946.

Employees: 174.

Locations: 1 domestic, 1 foreign.

Contact: Isabelle Delval, 33-1-44-35-3701; idelval@ccr.fr.

CNA Re

200 S. Wacker Drive,

Chicago, Ill. 60606;

312-876-5055; fax: 312-876-5152

www.cnare.com

1998 1997

Premium written $895,231,000 $976,291,000

Premium earned $943,500,000 $861,207,000

Net income $95,000,000 $85,000,000

Losses $706,400,000 $600,400,000

Loss ratio 74.9% 69.7%

Expenses $305,200,000 $305,368,000

Expense ratio 32.3% 35.5%

Combined ratio 107.2% 105.2%

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