Schedule D Securities Investment Holdings Detailed Data and Analysis Released Online

3/7/2006

Cambridge, MA — Highline Data, a unit of Highline Media, makes substantial improvements to insurance company investment activities research by announcing the release of Insurance Analyst PRO — Schedule D Securities. This groundbreaking new online product builds on the legacy of its CD based predecessor, the leading comprehensive, source of all bond, preferred and common stock holdings for U.S. insurance companies. Data is available for the Life, Accident & Health, Property & Casualty, and Health companies filing with the National Association of Insurance Commissioners (NAIC).

Insurance Analyst PRO — Schedule D Securities delivers NAIC annual statement data from Parts 1 through 6 and optionally, quarterly data from Parts 3 and 4. Highline uses the quarterly data to create “net position” reports by CUSIP for each security in a company’s portfolio. The productivity delivered through this enhancement decreases the analysts’ processing efforts, freeing them to work on true research tasks such as portfolio structure, yield calculations and duration analysis.  The product incorporates multiple search tools, a substantial library of standard reports, and exporting tools for both MS Excel® and CSV file formats.

“This is truly an innovative online data source for the insurance investment community and for the brokers and asset managers who service it” said F. Reilly Cobb, Vice President and Managing Director of Highline Data. “It includes not only the holdings, but also the trading history for all domestic Life, Accident and Health, Property and Casualty, and Health/HMO insurers, and so it uniquely empowers all parties in the investment management environment to have timely and complete information about company and broker actions. It is the most comprehensive information source for the investment holdings for U.S. insurance companies and it is being delivered with a powerful set of reports and tools which will dramatically enhance transparency for our customers.”

For more information, please contact:
F. Reilly Cobb
Managing Director, Highline Data
617/441-5969

About Highline Data

Highline Data, headquartered in Cambridge, Mass. is the industry leader in the delivery of electronic financial databases focused on the statutory filings of the insurance and banking industries.  The information is critical to users of regulatory statements in evaluating not only the current financial health of the insurance industry, but more importantly, its future performance. It is also a critical tool in evaluating and pricing investments and evaluating merger and acquisition candidates. For more information visit www.highlinedata.com.

About Highline Media

Highline Media LLC is a company formed in October 2003 to acquire The National Underwriter Company, the leading publisher and reference provider to the insurance and financial industries. Magazine brands include the National Underwriter Property/Casualty and Life/Health weeklies, Claims, Tech Decisions, Insurance Advocate and Florida Underwriter; the reference tools TaxFacts and Fire, Casualty and Surety Bulletins, along with 150 other books and electronic products, and three conference events. In May 2004, the company added insurance and banking data assets, including regulatory, M&A and publicly traded data, from The Thomson Corporation. In the fall of 2005, Highline acquired Wealth Manager magazine from Bloomberg and Research and Futures magazines from Adams Business Media. The company’s revenues now exceed $50 million and 250 employees.

The company is backed by Spire Capital, a private equity firm whose current fund is making investments totaling $260 million, and the banks Harris Nesbitt and Brown Brothers Harriman.