WORCESTER, Mass., Feb. 10 /PRNewswire-FirstCall/ -- Allmerica Financial
Corporation (NYSE: AFC) today announced that Joseph R. Ramrath has been
appointed to the company's Board of Directors, effective immediately. Ramrath
is a managing director of Colchester Partners LLC, an investment banking and
strategic advisory firm located in Boston.
"Joe's experience and expertise make him an excellent addition to our
board," said Frederick H. Eppinger, Jr., Allmerica's President and Chief
Executive Officer. "I look forward to working with Joe and I know that we will
benefit from his experience and knowledge."
Ramrath has extensive experience in financings and transactions. Prior to
joining Colchester Partners LLC, he was Executive Vice President and General
Counsel of United Asset Management, a division of Old Mutual. While at United
Asset Management, he served as a member of the management committee and a
leader of the acquisitions and subsidiary operations team.
Prior to joining United Asset Management, Ramrath was a partner and member
of the management committee of Hill & Barlow, a Boston law firm. Ramrath
spent five years as a certified public accountant with Arthur Andersen & Co.
before attending law school, and will join the Audit Committee of Allmerica's
Board.
Ramrath is also a director of New England Business Service, Inc., a
leading business-to-business direct marketing company with 2.6 million active
small business customers in the United States, Canada, the United Kingdom and
France.
Ramrath holds a bachelor of science degree in business administration from
Babson College, and a juris doctor degree from the University of California,
Hastings College of the Law.
Allmerica Financial Corporation, headquartered in Worcester,
Massachusetts, is the holding company for a group of insurance and financial
services companies. A Fortune 500 company, Allmerica is publicly traded on the
New York Stock Exchange. Allmerica's lead companies include regional property
and casualty insurance providers Citizens Insurance Company of America and The
Hanover Insurance Company. Citizens and Hanover are ranked among the top 25
property and casualty insurers in the country with combined written premiums
of $2.3 billion and more than $900 million in statutory capital. Citizens and
Hanover market a wide range of personal and commercial property and casualty
coverages.
CONTACT:
Sujata Mutalik
(508) 855-3457
smutalik@allmerica.com
Media:
Michael F. Buckley
(508) 855-3099
mibuckley@allmerica.com
SOURCE Allmerica Financial Corporation
-0- 02/10/2004
/CONTACT: Investors: Sujata Mutalik, +1-508-855-3457,
smutalik@allmerica.com; or Media: Michael F. Buckley, +1-508-855-3099,
mibuckley@allmerica.com, both of Allmerica/
(AFC)
CO: Allmerica Financial Corporation; Colchester Partners LLC
ST: Massachusetts
IN: FIN INS
SU: PER
CP-EO
-- NETU028 --
1177 02/10/200413:53 ESThttp://www.prnewswire.com