Highline Media Acquires Insurance and Banking Data Assets from Thomson Media


Erlanger, KY — Today Highline Media’s data

affiliate, Highline Data LLC, acquired certain insurance and banking

data assets from Thomson Media, a division of The Thomson Corporation.

Terms of the transaction were not disclosed.

Highline Media was formed in October 2003 by Spire Capital

Partners, L.P., and headed by Andrew L. Goodenough, its President and

Chief Executive Officer, to acquire business-to-business information

assets in the financial services, insurance and real estate fields.

Highline’s first acquisition was The National Underwriter Company

(“NUCO”), the leading publisher of insurance information in the U.S.

Highline’s intent has been to use NUCO as a base from which to build a

multi-market, multi-product publishing and information services

business, including a combination of magazine, data, newsletter,

conference, trade show, website and book assets, delivered in print,

electronic and live event form.

The acquired insurance and banking data assets have been marketed

under the Thomson Financial Insurance Solutions and the Sheshunoff

Information Services names. The group’s leading products in insurance

data, derived principally from National Association of Insurance

Commissioners (“NAIC”) statutory data, include U.S. Insurance, Insurance Analyst, Insurance Analyst Pro, and the InsLink spreadsheet add-in. The group also publishes the newsletters Insurance Chronicle, Insurance M&A Weekly and the Daily Insurance Reporter. In banking, the group’s BankSource and BankSearch

product lines deliver data principally from federal regulatory

authorities, and provide proprietary financial, M&A and branch data

on U.S. banks and financial institutions. A more complete description of

these products can be found at www.tfinsurance.com and www.banksource.sheshunoff.com.

Immediately following the acquisition, Highline Data will have two

principal product lines, one known as National Underwriter Insurance

Data Services, and the other as Highline Banking Data Services. Prior

corporate names used in conjunction with these products, including

Thomson Financial Insurance Solutions and Sheshunoff Information

Services, will continue to be used during a brief period of re-branding.

Goodenough has more than 25 years’ experience in financial industry

publishing and information services, and prior to founding Highline

Media, served as the President of the Financial Publishing and

Conferences Group, a division of The Thomson Corporation. “When the

opportunity arose to acquire Thomson Media’s insurance and banking data

assets, we recognized the superb fit to the array of insurance and

financial products from our first acquisition, NUCO,” Goodenough said.

“Insurance data in summary form will provide strong content for our

newsweeklies, National Underwriter Property-Casualty and Life-Health

editions, adding value to our more than 350,000 insurance readers. The

banking data business allows us to continue our expansion beyond our

traditional insurance roots to the broad array of financial services. It

will be a pleasure to work closely once again with a number of managers

I knew while at The Thomson Corporation, and I welcome the entire data

staff to our combined organization.”

Business headquarters for the unit will remain in Cambridge,

Massachusetts and Austin, Texas, with sales and support staff located in

major U.S. cities.

For more information, please contact:
Andrew L. Goodenough, President and Chief Executive, Highline Data LLC

For product information, please contact:
National Underwriter Insurance Data Services: Francis “Reilly” Cobb, Vice President, Sales and Marketing

Highline Banking Data Services: Bill Short, Director

About The National Underwriter Company

NUCO, formed in 1897, is the leading publishing and information

services business for the insurance industry. Headquarters are in

Erlanger, Kentucky, a suburb of Cincinnati, and principal editorial and

advertising sales offices are in Hoboken, New Jersey. NUCO’s Insurance

Magazine Division publishes two weekly newsmagazines for the

property/casualty and life/health sectors of insurance carrying the

National Underwriter brand. The company also publishes Claims, a monthly

magazine for claims executives; Tech Decisions, for IT insurance

professionals; and the regional monthly, Florida Underwriter. In live

events, NUCO sponsors its annual ACE/SCLA claims conference, the

nation’s largest, and co-located with its TechDec technology event, and

is launching the Life Insurance Sales Mastery Forum this fall. NUCO’s

Professional Publishing Division issues its Fire, Casualty and Surety

bulletins, reporting on the latest developments in insurance policy

application and legal interpretation; and TaxFacts annuals, summarizing

how the tax code affects insurance benefits and investment decisions,

among some 160 titles in all. For more information about NUCO, visit www.nuco.com.

About Spire Capital

Spire Capital Partners, L.P. is a $260 million

private equity fund focused exclusively on the media and communications

industries. The principals of Spire Capital have served

as owners, managers, investors and advisors of companies in the media

and communications industries for more than 20 years. Spire Capital

has a diversified limited partner base that includes several prominent

media and communications industry executives. In addition, Spire Capital

works closely with its portfolio companies to raise capital, secure

contracts, establish strategic relationships, develop operating plans

and recruit management. For more information on Spire Capital, visit www.spirecapital.com.

About the NAIC

Headquartered in Kansas City, Missouri, the National Association of

Insurance Commissioners (NAIC) is a voluntary organization of the chief

insurance regulatory officials of the 50 states, the District of

Columbia and four U.S. territories. The association’s overriding

objective is to assist state insurance regulators in protecting

consumers and helping maintain the financial stability of the insurance

industry by offering financial, actuarial, legal, computer, research,

market conduct and economic expertise. Formed in 1871, it is the oldest

association of state officials. For more information, visit NAIC on the

Web at www.naic.org/pressroom.