Homesite Insurance Introduces Home Insurance Products to Consumers in Indiana

Insurer Now Doing Business in 21 States



Apr 17, 2001, 01:00 ET from Homesite Insurance

    BOSTON, April 17 /PRNewswire/ -- Homesite Insurance in Boston, Mass.,
 announced today that it will begin offering its homeowners, condominium and
 renters insurance products to consumers in Indiana.  This announcement marks
 Homesite's expansion into 21 states.  By offering insurance in Indiana,
 Homesite moves one step closer to its goal of providing comprehensive, low-
 cost insurance to property owners and renters across the country.
     Focusing exclusively on the homeowners market, Homesite has concentrated
 on addressing problems long associated with the U.S. homeowners insurance
 business: high fixed costs, limited distribution channels, and minimal
 technological innovation.  Homesite's products are available through a variety
 of direct and intermediary channels and are distributed through call centers,
 the Internet and proprietary channels.  Homesite continues to bring cutting-
 edge technology, innovative marketing and distribution strategies, and
 expertise in catastrophe management to the homeowners business.  As a result,
 Homesite can provide Indiana consumers - and consumers across the country -
 with quality insurance products, outstanding customer service and low
 premiums.  For a free homeowners or renters insurance quote, please visit us
 at www.homesite.com or call to speak to a licensed insurance specialist at 1-
 800-Homesite.
     Formed in 1997, Homesite Group Inc. was launched in 1999 with equity
 commitments of more than $200 million from an investment group led by Morgan
 Stanley Dean Witter Private Equity, the private equity business of Morgan
 Stanley Dean Witter (NYSE:   MWD).  Since its founding 15 years ago, Private
 Equity has managed funds that have invested $4 billion in more than 160
 companies around the world.  Morgan Stanley Dean Witter Private Equity manages
 a group of funds that invest in technology companies with a focus on e-
 commerce, data communications, Internet infrastructure and information
 technology services.
 
 

SOURCE Homesite Insurance
    BOSTON, April 17 /PRNewswire/ -- Homesite Insurance in Boston, Mass.,
 announced today that it will begin offering its homeowners, condominium and
 renters insurance products to consumers in Indiana.  This announcement marks
 Homesite's expansion into 21 states.  By offering insurance in Indiana,
 Homesite moves one step closer to its goal of providing comprehensive, low-
 cost insurance to property owners and renters across the country.
     Focusing exclusively on the homeowners market, Homesite has concentrated
 on addressing problems long associated with the U.S. homeowners insurance
 business: high fixed costs, limited distribution channels, and minimal
 technological innovation.  Homesite's products are available through a variety
 of direct and intermediary channels and are distributed through call centers,
 the Internet and proprietary channels.  Homesite continues to bring cutting-
 edge technology, innovative marketing and distribution strategies, and
 expertise in catastrophe management to the homeowners business.  As a result,
 Homesite can provide Indiana consumers - and consumers across the country -
 with quality insurance products, outstanding customer service and low
 premiums.  For a free homeowners or renters insurance quote, please visit us
 at www.homesite.com or call to speak to a licensed insurance specialist at 1-
 800-Homesite.
     Formed in 1997, Homesite Group Inc. was launched in 1999 with equity
 commitments of more than $200 million from an investment group led by Morgan
 Stanley Dean Witter Private Equity, the private equity business of Morgan
 Stanley Dean Witter (NYSE:   MWD).  Since its founding 15 years ago, Private
 Equity has managed funds that have invested $4 billion in more than 160
 companies around the world.  Morgan Stanley Dean Witter Private Equity manages
 a group of funds that invest in technology companies with a focus on e-
 commerce, data communications, Internet infrastructure and information
 technology services.
 
 SOURCE  Homesite Insurance