First Mercury Financial Corp.

Mr. Shaw has served as a member of our Board of Directors since 1973. From 1973 to 2005, he was our Chief Executive Officer. He is the founder of the Company. Mr. Shaw entered the insurance business in 1967 and formed CoverX in 1973.

Mr. Marazza has served as our Executive Vice President, Chief Financial Officer and Treasurer since July 2006. From 2003 to 2005, he served as the Chief Operating Officer and Secretary of ProCentury Corporation, formerly known as ProFinance Holdings Corporation. From 2000 to 2003, he was the Executive Vice President, Treasurer and Secretary of ProCentury Corporation. Mr. Marazza was also a director of ProCentury Corporation from 2000 to 2005. From 1991 to 2000, Mr. Marazza served as a financial or operational executive with four insurance enterprises and from 1982 to 1991 was with KPMG LLP serving insurance industry clients. Mr. Marazza is a Certified Public Accountant (non-practicing).

Mr. Fleckenstein has served as our Chief Claims Officer since July 2008. He has over 23 years industry experience, most recently serving as the Senior Vice President of Claims for Great American Custom Insurance Services, Inc. and also held various positions for Farmers Group, Inc. and State Farm Insurance Companies with roles in claims, marketing, and underwriting. Mr. Fleckenstein holds a Bachelors degree from Indiana University and an Executive Juris Doctorate degree from Concord Law School. He is a Chartered Property Casualty Underwriter, a Chartered Life Underwriter, and an Associate in Claims.

Jeffrey R. Wawok, Executive Vice President. Mr. Wawok joined the Company as its Executive Vice President in 2006. Mr. Wawok began his career in 1999 with Cochran, Caronia & Co., a boutique investment bank focused on the insurance industry, most-recently serving as a Vice President with a specialty in working with property & casualty insurance carriers on a variety of transactions, including mergers & acquisitions, divestitures, and private and public capital raising. Mr. Wawok has been awarded the Chartered Financial Analyst designation. Mr. Wawok is 32 years old. The above executive officers have certain agreements with the Company as described under Executive Compensation Employment and Related Agreements.

Edward A. LaFramboise, Vice President Finance. Mr. LaFramboise joined the Company as its Vice President in charge of Finance in 2007. He oversees the accounting functions of our regulated companies. Prior to joining the Company, Mr. LaFramboise worked for BDO Seidman, LLP, serving insurance industry clients. Mr. LaFramboise is a Certified Public Accountant.

Dr. Oakley has served as a member of our Board of Directors since March 2008. He currently serves as the Shepard Executive-in- Residence of the Fisher College of Business at The Ohio State University. Previously he served as Executive Vice President and Chief Financial Officer of the Nationwide Companies, a Fortune 100 global financial services organization. Dr. Oakley served on the Board of Directors and was Chair of the Audit and Finance Committees of the Ohio Casualty Corporation, a publicly traded property-casualty insurance group. He has also served on the Board and Audit Committee of the OHIC Insurance Company, a professional medical liability company. Dr. Oakley is a Chartered Life Underwriter (CLU) and a Chartered Property-Casualty Underwriter (CPCU). Dr. Oakley is 62 years old.

Mr. Pickard was appointed to the Board in May of 2009. Mr. Pickard is currently a partner at Access Value Investors ("AVI"), a private equity fund focused on buying distressed, domestic, middle market companies across a variety of industries. Prior to joining AVI, Mr. Pickard was a partner at Blue Diamond Capital and has also served as a Managing Director at both Houlihan Lokey Howard & Zukin and at Wasserstein Perella & Co. Mr. Pickard holds a Masters of Business Administration degree from the University of Chicago and a Bachelor of Arts degree from the University of Michigan.

Mr. Boyer was appointed to the Board in May of 2009. Mr. Boyer recently retired from MGM Mirage where he was the President and COO of MGM Grand Detroit. Prior to working in the gaming industry, Mr. Boyer held various positions with the Philadelphia Stock Exchange and States General Accounting Office. Mr. Boyer has served as a board member for the Michigan Chamber of Commerce, the Detroit Regional Chamber of Commerce, Detroit Downtown Partnership and MGM Grand Detroit. Mr. Boyer is a Certified Public Accountant and holds Masters in Business Administration and Bachelor of Science degrees from Wagner College in Staten Island, New York.

Mr. Rademacher has served as a member of our Board of Directors since 2004. Mr. Rademacher is currently self-employed in the fields of consulting and investments. Mr. Rademacher held various positions with Continental Bank, N.A., from 1957 to 1993, most recently serving as Chief Financial Officer of Continental Bank Corporation from 1988 to 1993. Mr. Rademacher serves as a director of Schawk, Inc. and Wintrust Financial Corporation.

Mr. Shapiro has served as a member of our Board of Directors since 2004. Mr. Shapiro is a Vice President of SF Investments, Inc., a registered broker/ dealer and investment advisor. Mr. Shapiro is also a manager of Millennium Group, LLC, which is the general partner in a series of investment limited partnerships.

Mr. Kearney has served as a member of our Board of Directors since 2006. Mr. Kearney has been a partner and Chief Marketing Officer of Insight Catastrophe Group since June 2005. Prior to that position, Mr. Kearney had been Executive Vice President and Chief Marketing Officer of Benfield U.S., a subsidiary of the Benfield Group from June 2000.

Mr. Tyler has served as a member of our Board of Directors since 2006. Mr. Tyler was a Senior Vice President and stockholder of McKinley Inc., a national real estate company, from May 1971 to November 2004 where he was responsible for major transactions, refinancings and restructurings.