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1/20/04 Parsippany, New Jersey

Sica Consultants Represents Excess Reinsurance Underwriters, Inc. in its Transaction with National Financial Partners

Sica Consultants, Inc., a provider of consulting services to the financial industries today announced its successful representation of Excess Reinsurance in its transaction with National Financial Partners (NYSE: NFP). Since its founding in 1989, Excess Reinsurance has operated in the corporate benefits marketplace, representing domestic and international insurers with the ability to issue policies in every state except Hawaii. NFP is a leading independent distributor of financial products to high net worth individuals and small to medium-size corporations.

Sica Consultants was founded in 1991 by Alexander W. Sica. It is a nationally recognized leader in providing consulting and advisory services and in creating, developing and managing growth opportunities related to the financial services industries. Sica Consultants works closely with their clients throughout the Merger & Acquisition and Strategic Alliance process; from finding compatible partners, to determining proper business valuations and deal structures, to examining tax issues and continuing on through due diligence, deal closing and integration.

"Excess Reinsurance and its outstanding management team are excellent additions to the NFP family of companies," said Jessica Bibliowicz, Chairman and Chief Executive Officer of National Financial Partners Corp.

Brian Zidek, one of the principals of Excess Reinsurance, observed, "Sica Consultants was a great asset to Excess Reinsurance as it went through the transaction process with National Financial Partners. From negotiating the terms of the transaction, to closing the deal, Sica Consultants did an outstanding job."

For more information on Sica Consultants, including its corporate philosophy, the services provided, recent transactions, key clients and officer backgrounds you may visit its website at www.sicaconsultants.com, or you may contact Alexander W. Sica, President via email at AWSica@aol.com or by phone at (201) 805-1561.


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