Broadspire News

PLATINUM EQUITY NAMES INDUSTRY VETERAN TO LEAD BROADSPIRE

Dennis Replogle to serve as president and CEO

LOS ANGELES (December 2, 2003) - Platinum Equity, LLC, has named Dennis Replogle president and CEO of Broadspire, a leading provider of casualty and disability claims management and risk and safety consulting to enterprise customers in North America.

Replogle led a significant development effort at Specialty Risk Services, a subsidiary of the Hartford Financial Services Group. During Replogle's eight years as president of the third-party administrator, the company increased its revenues five-fold, from $39 million to almost $200 million. Under his guidance, SRS grew from the 16 th to the fifth-largest TPA in the United States .

"We are very pleased that Dennis has joined our team at Broadspire," said Robert J. Joubran, chief operating officer of Platinum Equity. "He has an outstanding track record for helping companies in this industry develop their full potential. We believe that his extensive experience and achievements in operations, sales and product development will help Broadspire build on an already strong foundation to become a market leader. Asking him to join the organization is a strong indication of our commitment to growing Broadspire."

Platinum Equity purchased the service business in July from Lumbermens Mutual Casualty Co., and launched a comprehensive transition program to carve out the business and develop it as a standalone company.

Former Broadspire president and chief executive officer Pat Drago has left the company to explore other business opportunities. "Pat has made significant contributions to Broadspire, including leading the effort to carve out the company from its former parent, and we wish her well in her future endeavors," Joubran said.

As president of SRS, headquartered in Hartford , Conn. , Replogle oversaw the expansion of field operations, where turnover of personnel dropped to less than 10 percent. He implemented new claim and risk management information systems to capture additional data and improve claim handling, helped the company increase its penetration in the unbundled market and substantially improved its profitability.

Before going to SRS, Replogle served as president of CSSC, a subsidiary of the Travelers

Insurance Co., where he was responsible for the marketing and management of national accounts and increased revenue from $15 million to $100 million in four years.

Replogle began his career at Travelers in 1971, gaining experience in field claim handling and workers' compensation claims. He was a regional vice president and vice president of field operations in the claims department of Travelers Insurance.

A graduate of the University of Wyoming with a bachelor's degree in zoology, Replogle received a master's degree in organizational behavior from the University of Hartford .

About Platinum Equity

Platinum Equity ( www.platinumequity.com ) is a global M&A&O SM firm specialized in the merger, acquisition and operation of mission-critical services and solutions companies. Since the company's founding in 1995, Platinum Equity has completed over 40 transactions, building a portfolio of 19 market-leading companies with 16,000+ employees, more than 600,000 customer sites and revenues approaching $4 billion. In 2003 Platinum Equity was named the 34 th largest private company by Forbes.

About Broadspire

Broadspire offers the broadest array of absence management services in the industry. Those services include risk and safety consulting; workers' compensation, auto liability, general liability, and short- and long-term disability claim management services; Family Medical Leave Act administration; and total absence management programs. Broadspire creates customized solutions designed to increase employee productivity and contain costs.

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Contact
Stephanie Zercher, vice president of marketing
954-693-1110
Stephanie.zercher@choosebroadspire.com