Mooney Insurance and Rogers Insurance announce a Strategic Alliance

CALGARY, April 26 2007 – Bryan Pobihushchy, President of Mooney Insurance Agency Ltd. based in Red Deer and Lee Rogers, President of Rogers Insurance Ltd. based in Calgary are pleased to announce that their respective firms have entered into a strategic alliance that will secure the perpetuation of both firms and preserve their status as truly independent brokers.

The strategic alliance involves a minority equity investment in Mooney by Rogers Insurance and will allow both firms to better service existing clients and to realize new business opportunities.

Bryan Pobihushchy stated, ” I believe this strategic alliance means a great future for our staff, our clients and our insurers. Working with Rogers will bring increased capabilities to Mooney and will mean that we will continue to be an expanding presence in the Alberta market”.

“The fit between our two firms is just about perfect.” Lee Rogers said. “We both rate integrity very high in our cultures, have the same outlook on sales, enjoy very good relations with our insurers and have compatible computer systems and infrastructure.

All of this is good news for our clients.”

Mooney Insurance celebrated its 25th anniversary in 2006 and is the leading commercial brokerage in the Central Alberta market as well as offering a full range of home and automobile products and services, including claims service.

Rogers Insurance is celebrating its 30th anniversary in 2007 and was named one of the Top 100 employers in Canada by MediaCorp for 2007. No changes in staff, insurance markets or management is contemplated as a result of the strategic alliance.