American Physicians Service Group Inc.

Kenneth S. Shifrin has been our Chairman of the Board since March 1990. Mr. Shifrin has been our Chief Executive Officer since March 1989 and he was our President from March 1989 until April 2007. He was also our Chief Operating Officer from June 1987 to February 1989, and has been a member of the Board of Directors since February 1987. From February 1985 until June 1987, Mr. Shifrin served as our Senior Vice President - Finance and Treasurer. He is a member of the World Presidents Organization.

Mr. LaFrey has been our Chief Executive Officer of API since April 2007. He is also the President and Chief Operating Officer of APS. He previously served as a partner in the Austin office of Akin Gump Strauss Hauer & Feld LLP from April 1997 until April 2007, where his law practice focused on corporate governance, mergers and acquisitions, and debt and equity financings. Mr. LaFrey has extensive experience in the insurance, healthcare, technology and financial services industries. Prior to becoming an attorney, Mr. LaFrey, who is also a certified public accountant, was in the audit practice of KPMG Peat Marwick in Austin. He maintains memberships in the American Bar Association, The State Bar of Texas and the Travis County Bar Association. He is also a member of The American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants, and is a member of the Board of Trustees of the Seton Healthcare System.

Marc Zimmermann has served as our Chief Financial Officer since November of 2007. Mr. Zimmermann rejoined the Company in August 2003 as Chief Financial Officer of API and has been a member of the Board of Directors of API since April 2007. He had previously been with the Company from 1997 – 1998 as Director of Business Development of API. Prior to rejoining us, he was with Jefferson Wells, a financial and technology consulting firm. From January 1992 through February 1997, he was employed by Arthur Andersen LLP. Mr. Zimmermann is a Certified Public Accountant.

Maury L. Magids has been our Senior Vice President - Insurance Services since June 2001 and has been President and Chief Operating Officer of API since November 1998. Mr. Magids joined the Company in October 1996. He is a certified public accountant and was with Arthur Andersen LLP from August 1986 until September 1996. Mr. Magids is also a member of the Board of Directors of the Texas Medical Liability Insurance Underwriting Association.

Thomas R. Solimine has been our Controller since June 1994. He has served as Secretary of APS Financial since February 1995. From July 1989 to June 1994, Mr. Solimine served as our Manager of Accounting.

William H. Hayes is currently our Secretary/Treasurer and previously served as Senior Vice President - Finance since June 1995 and as our Chief Financial Officer from June 1987 through November 2007. Mr. Hayes was our Vice President from June 1988 to June 1995 and was our Controller from June 1985 to June 1987. He has been our Secretary since February 1987 and is a Certified Public Accountant.

Cheryl Williams has been a member of our Board of Directors since December 2003. Ms. Williams has been a private investor and business consultant since 2002. She was Chief Financial Officer of Prime Medical Services, Inc. from 1989 to 2002. Prior to that, she held various finance and accounting positions in the data processing and aircraft industries.

Mr. Searles has been a director since 1989. He has been an independent business consultant since 1989. Before then, he spent 25 years with various Wall Street firms, the last ten years of which were with Bear Stearns (an investment banking firm) as an associate director/limited partner. He has served as Chairman of the Board of APS Investment Services, Inc., a wholly owned subsidiary, since May 1998.

Jackie Majors has been a member of the Board of Directors since March 2003. He previously served on our Board of Directors from 1989 through 1993. Mr. Majors was a Director and President of Prime Medical Services, Inc, a provider of lithotripsy services and a manufacturer of specialty vehicles for the transport of medical and broadcast/communications equipment from 1989 until his retirement in 1996. He was an independent business consultant from 1986 to 1989 and our Vice President - Mergers and Acquisitions from 1984 to 1986.

Lew N. Little, Jr. has been a member of the Board since 2005. He has been the Chief Executive Officer of Harden Healthcare, LLC, an operator and manager of senior care facilities, since December 2001. Mr. Little was President of Capstar Partners, LLC, a private investment company, from February 2000 until joining Harden Healthcare. Prior to his association with Capstar, Mr. Little spent 18 years in the banking industry, most recently as President of Bank of America in Austin, Texas.

Norris C. Knight, Jr., M.D., has been a member of the Board of Directors since April 2007. He has been a member of API's Board of Directors since 1978 and served as Chairman of that Board from 1998 to 2004 and since 2005. Dr. Knight has been in the private practice of orthopedic surgery since 1965 in Texarkana, Texas. He is a member of the Texas Orthopedic Association, American College of Surgeons and American Academy of Orthopedic Surgery and is certified by the American Board of Orthopedic Surgeons. Dr. Knight is a staff member of Christus St. Michael's Health System and Wadley Regional Medical Center in Texarkana.

William J. Peche, M.D., has been a member of the Board of Directors since April 2007. He is a founder of API and has served as a member of its Board since its formation in 1975. He served as Chairman of API's Board of Directors from 1992 to 1995 and as Vice Chairman from 1997 to 2001 and from 2005 to 2007. Dr. Peche is in private practice in San Antonio, Texas, with a specialty in obstetrics and gynecology. He has served as Chairman of the Obstetrics-Gynecology department of Santa Rosa General Hospital and North Central Baptist Hospital. He is a member of the Bexar County Medical Society, Texas Medical Association and San Antonio Ob-Gyn Society.