ProCentury Corporation Subsidiary Affirmed at A- (Excellent) by A.M. Best

ProCentury Corporation Subsidiary Affirmed at A- (Excellent) by
A.M. Best 


COLUMBUS, Ohio, May 26  /PRNewswire-FirstCall/ -- PROCENTURY CORPORATION  today
announced that A.M. Best has affirmed the A- (Excellent) rating of its wholly
owned subsidiary, Century Surety Company.  This rating is based on A.M. Best's
independent opinion of the Century Surety's financial strength, operating
performance, and ability to meet its obligations to policyholders.

Commenting on the rating, Charles Hamm, the Company's Chief Financial Officer
said, "We believe this reaffirmation by A.M. Best underscores the financial
strength of our insurance subsidiary.  As ProCentury begins its life as a
public company, we believe we are well positioned to fortify our presence in
the surplus lines market."

About ProCentury Corporation

ProCentury Corporation (NASDAQ:PROS) is a specialty property and casualty
insurance holding company.  Its subsidiary, Century Surety Company, underwrites
general liability, commercial property, garage liability and multi-peril
insurance for small and mid-sized businesses.  Century Surety primarily writes
excess and surplus lines insurance and markets its products through a select
network of general agents and brokers.

NOTE ON FORWARD-LOOKING STATEMENTS

Some of the statements in this press release that are not historical statements
are "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995.  Forward-looking statements are derived from
information that we currently have and assumptions that we make and may be
identified by words such as "believes," "anticipates," "expects," "plans,"
"should," "estimates" and similar expressions.  Our forward-looking statements
are subject to risks, uncertainties and other factors that could cause actual
results to differ materially from those stated or implied in our
forward-looking statements, including but are not limited to:  1) risks
inherent in establishing loss and loss adjustment expense reserves;  2)
uncertainties related to the ratings of our insurance subsidiary;  3)
uncertainties related to government and regulatory policies;  4) uncertainties
relating to the cyclical nature of our business;  5) changes in our
relationships with, and the capacity of, our general agents; and  6) the risk
that our reinsurers may not be able to fulfill their obligations to us.  You
are cautioned not to place undue reliance on forward-looking statements, which
are made only as of the date of this press release.  We undertake no obligation
to publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.  For additional
disclosure regarding potential risks, refer to documents we file with the
Securities and Exchange Commission. 

DATASOURCE: ProCentury Corporation



CONTACT:  Mary Magnani, Corporation Communications Manager of ProCentury

Corporation, [phone], or 



Web site:  http://www.procentury.com/ 

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