Clark & Wamberg, LLC Announces Sale of Two Financial Subsidiaries

NORTH BARRINGTON, Ill., March 24 /PRNewswire/ -- Clark & Wamberg, LLC today
announced that it has recently completed the sale of National Insurance
Wholesalers, an insurance wholesaler of medical stop loss insurance for
self-insured companies to Charlotte, NC-based AmWINS Group, Inc. The
transaction created the nation's largest wholesale broker of medical stop loss
insurance.

Clark & Wamberg, LLC also announced that prior in the quarter, it completed
the sale of Baden Retirement Plan Services, a third-party administrator of tax
qualified defined contribution plans, to Ascensus. Based in Dresher, PA,
Ascensus is the nation's largest independent record-keeper and administrator
for retirement plans in the micro to large market segments.

"We are pleased that we were able to complete the sales of these companies,
given the challenges of the current economic climate," said Tom Wamberg,
Chairman of Clark & Wamberg, LLC. "Both AmWINS and Ascensus will continue to
be leaders in their fields with the added value these acquisitions provide."

"These transactions position us well for future acquisitions in the financial
services space," said Alan Botsford, President of Clark & Wamberg, LLC.

Clark & Wamberg was represented by Fox-Pitt Cochran and Cornoia in the
National Insurance Wholesalers transaction. Hales & Company provided financial
advice on the Baden transaction. Kirkland and Ellis provided legal assistance
on both transactions.

About Clark & Wamberg, LLC
Clark & Wamberg is a private equity firm with a focus on the financial
services and insurance industries. Key holdings include:

Pearl Meyer & Partners is one of the country's leading independent executive
compensation consultancies, serving as a trusted advisor to Boards and their
senior management in the areas of governance, strategy and compensation
program design.

Integrated Healthcare Strategies offers quality solutions to healthcare
organizations in governance, leadership, total executive compensation,
executive search, physician services & HR capital.

Stratford Advisory Group, an independent, full-service investment consulting
firm for defined benefit and defined contribution plans, Taft-Hartley pension
and welfare funds, endowments, foundations, corporations and healthcare
organizations. Stratford research spans all asset classes from traditional
equity and fixed income, to alternatives such as private equity and hedge
funds.

Federal Policy Group, which provides top-flight, comprehensive tax and other
legislative and regulatory services to the leading businesses, coalitions,
trade associations and high net worth individuals.

SOURCE Clark & Wamberg, LLC

Alan Botsford of Clark & Wamberg, LLC, +1-508-630-1540,
Alan.Botsford@clarkwamberg.com