Media Release - May 21 2004

Commission Increase for Marine Business

QBE Mercantile Mutual have today announced an increase in commission rates on Cargo & Carriers business to a minimum of 20% - effective 1 June 2004. Phil Rogers, Regional Manager for the Marine Division states, "As well as the commission increase the Marine Division is continually working to deliver the best value marine products and service available. As part of these improvements we are providing the ability for the Marine products to be viewed via c.change to assist in the servicing of your clients”.

For more information on QBE Mercantile Mutual Marine products and services, please contact your local Marine representative.