News Archives 2002

MMC CAPITAL ANNOUNCES Trident II, L.P. to Acquire a Minority Interest in Signal Holdings LLC

Wayne, PA (August 1, 2002)– Signal Holdings LLC (“Signal” or the “Company”) announced today that Trident II, L.P. (“Trident”) has acquired a minority interest in the Company. Proceeds from Trident’s investment will be used to fund the growth of Signal’s existing wireless handset insurance business and its expansion into new warranty markets. Trident is managed by MMC Capital, a global private equity firm, and a wholly owned subsidiary of Marsh & McLennan Companies.

“We are excited to have Trident as a partner in our effort to build the Signal franchise,” said Tom Cloetingh, Chairman and Chief Executive Officer of Signal. “We expect that the involvement of Trident in the Company will significantly enhance Signal’s capabilities and future prospects.”

Charles A. Davis, CEO of MMC Capital and a Senior Principal of Trident said, “We are very enthusiastic about our investment in Signal. We believe that Signal's fully integrated customer solution, including claims administration, fulfillment and insurance, position the company to build its wireless presence and to expand into other warranty markets."

Signal is a leading provider of third party claims administration and claims fulfillment, servicing a broad range of warranty markets including wireless handsets and home appliance warranties.

Trident, a global private equity fund with approximately $1.4 billion in capital commitments, specializes in making investments in the insurance, reinsurance and financial services sectors.

FOR IMMEDIATE RELEASE