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JULY  24,  2003

AT  THE  COMPANY:
Douglas  Symons
(317)  259-6413
E-Mail:  dsymons@sigins.com


                   SYMONS INTERNATIONAL GROUP, INC. ANNOUNCES
             RETIREMENT OF G. GORDON SYMONS AS CHAIRMAN OF THE BOARD


Indianapolis,  Indiana  (July 24, 2003) - Symons International Group, Inc. (OTC:
SIGC.OB),  a  provider  of  nonstandard automobile insurance today announces the
retirement  of  G. Gordon Symons as Chairman of the Board of the Company and its
subsidiaries.

The  Company  today  announced the retirement of G. Gordon Symons, the Company's
Chairman  of  the  Board.  Mr.  Symons  will remain as Chairman of the Company's
parent,  Goran  Capital  Inc.,  and  its  two  subsidiaries, Granite Reinsurance
Company  Ltd. and Granite Insurance Company. Mr. Symons has been Chairman of the
Board of the Company since its formation in 1987. He has also served as Chairman
of  the  Board  of  Goran  Capital  Inc.  since  its  formation  in  1986.

In  announcing  his  retirement from the Company, Mr. Symons stated, " I wish to
concentrate  my  efforts on the business of Goran Capital and in particular, the
opportunities  that  Granite  Reinsurance  Compnay is now pursuing. For the past
year I have been working closely with the new management of Symons International
Group,  Inc.  to  improve  its performance and focus on profitability. I am very
pleased with the changes that have been implemented and the management team that
has  been  put  in  place."

Douglas  Symons  has been elected by the Board of Directors to fill the position
of  Chairman of the Board. The employees, officers, and directors of the Company
wish to thank Mr. Gordon Symons for his leadership and commitment throughout the
past  16  years and are appreciative of his continued support as Chairman of the
Board  of  Goran  Capital  Inc.