SC 13D/A 1 bos255262.txt AMENDMENT #4 _____________________ | OMB APPROVAL | |_____________________| |OMB NUMBER: 3235-0145| UNITED STATES |EXPIRES: | SECURITIES AND EXCHANGE COMMISSION | NOVEMBER 30, 2002| Washington, D.C. 20549 |ESTIMATED AVERAGE | |BURDEN HOURS | |PER RESPONSE ...11 | |_____________________| SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Insurance Management Solutions Group, Inc. ------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------------------------------- (Title of Class of Securities) 458045101 --------------------------------------------------------------- (CUSIP Number) Bankers Insurance Group, Inc. Attn: Robert G. Southey, Esq. Secretary and General Counsel 360 Central Avenue St. Petersburg, Florida 33701 (727) 823-4000 With a copy to: Thomas J. Dougherty, Esq. Skadden, Arps, Slate, Meagher & Flom LLP One Beacon Street Boston, MA 02108 (617)573-4800 ------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 21, 2002 ------------------------------------------------------------ (Date of Event which Requires Filing of this Statement) o If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] o Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. o The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. o The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers Insurance Group, Inc. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 8,349,884 (see item 5) ---------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ---------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 8,349,884 (see item 5) ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON HC ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers Insurance Company ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 3,528,455 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 3,528,455 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,528,455 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.7% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IC ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers Security Insurance Company ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 4,821,429 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 4,821,429 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,821,429 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 39.3% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON IC ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers Financial Corporation ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 8,349,884 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 8,349,884 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers International Financial Corporation ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 8,349,884 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 8,349,884 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Bankers International Financial Corporation, Ltd. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 8,349,884 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 8,349,884 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Ansbacher (Cayman) Limited , as trustee for Bankers International Financial Corporation II Trust ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 8,349,884 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 8,349,884 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ SCHEDULE 13D ------------------------------------------------------------------------------ CUSIP No. 0001063167 ------------------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (X) (b) ( ) ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS AF ------------------------------------------------------------------------------ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 8,349,884 (see item 5) OWNED BY ----------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH 0 REPORTING ----------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON 8,349,884 (see item 5) WITH ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,349,884 (see item 5) ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 68.0% ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON OO ------------------------------------------------------------------------------ Note: This Amendment No. 4 to Schedule 13D amends the Statement on Schedule 13D dated May 24, 2002 (the "Schedule 13D"), as amended by Amendment No. 1 dated July 19, 2002 ("Amendment No. 1"), Amendment No. 2 dated August 8, 2002 ("Amendment No. 2") and Amendment No. 3 dated August 16, 2002 ("Amendment No. 3") filed on behalf of (i) Bankers Insurance Group, Inc., a Florida corporation ("BIG"); (ii) Bankers Insurance Company, a Florida corporation and wholly-owned subsidiary of BIG ("BIC"), as a direct beneficial owner of Common Stock; (iii) Bankers Security Insurance Company, a Florida corporation and jointly-owned subsidiary of BIG and BIC ("BSIC"), as a direct beneficial owner of Common Stock; (iv) Bankers Financial Corporation ("BFC"), Bankers International Financial Corporation ("BIFC") and Bankers International Financial Corporation, Ltd. ("BIFC Ltd."), all of which are Florida corporations, except BIFC Ltd., which is a Cayman Islands corporation, as the direct, indirect and ultimate parent corporations, respectively, of BIG; (v) Ansbacher (Cayman) Limited ("Ansbacher"), as trustee of the Bankers International Financial Corporation II Trust, a discretionary charitable trust which includes all of the outstanding shares of BIFC Ltd.; and (vi) Independent Foundation for the Pursuit of Charitable Endeavors, Ltd., ("IFPCE"), a not-for-profit Cayman company, which possesses certain discretionary powers to direct Ansbacher's ultimate disposition of the shares of BIFC Ltd., relating to the Common Stock (as defined in the Schedule 13D). Item 1. Security and Issuer. The class of equity securities to which this Statement relates is the common stock, par value $.01 per share (the "Common Stock"), of Insurance Management Solutions Group, Inc. (the "Issuer"). The principal executive offices of the Issuer are located at 801 94th Avenue North, St. Petersburg, Florida 33702. Item 2. Identity and Background. Schedules 1-A through 1-F are amended and restated and attached hereto. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended by adding the following (capitalized terms used, but not otherwise defined, herein have the meanings ascribed thereto in the Schedule 13D, Amendment No. 1, Amendment No. 2 or Amendment No. 3): On November 21, 2002, the Issuer terminated the Merger Agreement and its intention to commence the Offer. Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended by adding the following: On November 21, 2002, BIG, BIC, BSIC and Acquisition Sub received notice from the Issuer of the termination of the Merger Agreement. A copy of this notice is attached hereto as exhibit 4.4 and is incorporated herein by reference. In a press release, the Issuer announced that its board of directors, upon the recommendation of the Special Committee, withdrew their approval of, and the Issuer terminated the Merger Agreement and its intention to commence the Offer. Beginning in November, BIG has been involved in preliminary discussions with a third party potentially interested in acquiring the Issuer or its business, including discussions as to the potential terms of a possible transaction in which the third party would acquire the outstanding equity securities of the Issuer. To date, these discussions have remained of a general, preliminary nature. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis. As part of this ongoing review, the Reporting Persons have engaged, and may in the future engage, legal and financial advisors to assist them in such review and in evaluating strategic alternatives that are or may become available with respect to their holdings in the Issuer. In that connection, and depending upon, among other things, current and anticipated future trading prices for the Common Stock, the financial condition, results of operations and prospects of the Issuer and its businesses, general economic, market and industry conditions, and the Reporting Persons' overall investment portfolio, strategic objectives and financial condition, the Reporting Persons may from time to time consider a number of possible strategies for enhancing the value of their investment in the Issuer, or other extraordinary matters relating to the Issuer, including, among other things, continued ownership of the shares of Common Stock currently beneficially owned by the Reporting Persons; acquiring additional securities of the Issuer in the open market, in privately negotiated transactions or otherwise; structuring a loan or loans secured by some or all of the shares of Common Stock beneficially owned by the Reporting Persons; disposing of some or all of the securities of the Issuer beneficially owned by them; proposing or seeking to take control of the Issuer or otherwise to effect an extraordinary corporate transaction such as an acquisition, merger, recapitalization, reorganization or liquidation involving the Issuer or any of its subsidiaries or a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; or proposing or effecting any other transaction or matter that would constitute or result in any of the transactions, matters or effects enumerated in Item 4 of this Schedule 13D. The review and the considerations noted above may lead to the taking of any of the actions set forth above or may lead the Reporting Persons to consider other alternatives. However, there can be no assurance that the Reporting Persons will develop any plans or proposals with respect to any of the foregoing matters or take any particular action or actions with respect to some or all of their holdings in the Issuer, or as to the timing of any such matters should they be so pursued by the Reporting Persons. The Reporting Persons reserve the right, at any time and in each Reporting Person's sole discretion, to take any of the actions set forth above. Item 5. Interest in the Securities of the Issuer. The second paragraph of Item 5(a) of the Schedule 13D is hereby amended and restated as follows: Of the Disclosed Parties named in Item 2, Robert M. Menke directly beneficially owns 162,200 shares of Common Stock (representing approximately 1.3% of the outstanding shares of Common Stock), Bill Gunter directly beneficially owns 500 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock), J. Wayne Mixson directly beneficially owns 53,000 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock), Brett M. Menke directly beneficially owns 12,000 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock), David K. Meehan directly beneficially owns 2,200 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock), Edwin C. Hussemann directly beneficially owns 1,400 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock), Steven K. Kurcan directly beneficially owns 200 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock) and Kathleen M. Batson directly beneficially owns 200 shares of Common Stock (representing less than 1% of the outstanding shares of Common Stock). Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Schedule 13D is hereby amended by adding the following: On November 21, 2002, the Issuer terminated the Merger Agreement and its intention to commence the Offer. Item 7. Material to be Filed as Exhibits. 4.1 Letter from BIG to the Special Committee dated March 21, 2002 (1) 4.2 Letter from BIG to the Special Committee dated July 16, 2002 (3) 4.3 Letter from BIG to the Special Committee dated August 5, 2002 (4) 4.4 Letter from Insurance Management Solutions Group, Inc. to Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company and Bankers Management Corporation dated as of November 21, 2002. 10.1 Agreement and Plan of Merger dated as of August 14, 2002 among Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company, Bankers Management Corporation and Insurance Management Solutions Group, Inc. (5) 99.1 Agreement of Joint Filing dated as of May 24, 2002 among Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company, Bankers Financial Corporation, Bankers International Financial Corporation, Bankers International Financial Corporation, Ltd., Ansbacher (Cayman) Limited, as trustee of the Bankers International Financial Corporation II Trust and Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. (1) 99.2 Power of Attorney for Bankers International Financial Corporation, Ltd. (1) 99.3 Power of Attorney for Ansbacher (Cayman) Limited, as trustee for the Bankers International Financial Corporation II Trust (1) 99.4 Power of Attorney for Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. (2) (1) Incorporated by reference to the Reporting Persons' Schedule 13D filed with the SEC on May 24, 2002. (2) Incorporated by reference to the Reporting Persons' Schedule 13G filed with the SEC on April 5, 2000. (3) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 1, filed with the SEC on July 19, 2002. (4) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 2, filed with the SEC on August 9, 2002. (5) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 3, filed with the SEC on August 16, 2002. The Index of Exhibits attached to this Statement is hereby incorporated by reference in its entirety. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Dated: November 25, 2002 BANKERS INSURANCE GROUP, INC. By: /s/ Robert G. Southey ---------------------------- Name: Robert G. Southey Title: Secretary General Counsel Vice President BANKERS INSURANCE COMPANY By: /s/ Robert G. Southey ---------------------------- Name: Robert G. Southey Title: Secretary General Counsel Vice President BANKERS SECURITY INSURANCE COMPANY By: /s/ Robert G. Southey ---------------------------- Name: Robert G. Southey Title: Secretary General Counsel Vice President BANKERS FINANCIAL CORPORATION By: /s/ David K. Meehan ---------------------------- Name: David K. Meehan Title: Director Vice Chairman President BANKERS INTERNATIONAL FINANCIAL CORPORATION By: /s/ David K. Meehan --------------------------- Name: David K. Meehan Title: Director Vice Chairman President BANKERS INTERNATIONAL FINANCIAL CORPORATION, LTD. By: /s/ David K. Meehan ---------------------------- Name: David K. Meehan Title: Attorney-in-fact under Power dated 5/16/02 ANSBACHER (CAYMAN) LIMITED, AS TRUSTEE FOR THE BANKERS INTERNATIONAL FINANCIAL CORPORATION II TRUST By: /s/ David K. Meehan ----------------------------- Name: David K. Meehan Title: Attorney-in-fact under Power dated 5/16/02 INDEPENDENT FOUNDATION FOR THE PURSUIT OF CHARITABLE ENDEAVORS, LTD. By: /s/ David K. Meehan ---------------------------- Name: David K. Meehan Title: Attorney-in-fact under Power dated 2/10/99 Schedule 1-A BANKERS INSURANCE GROUP, INC. DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Bankers Insurance Group, Inc. are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o Bankers Insurance Group, Inc., 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2 Name Occupation Business Address Robert M. Menke Director, Chairman, President David J. Nye Director, Vice Chairman and Professor University of Florida P.O. Box 117168 Gainesville, FL 32611 Douglas B. Pierce Director, Vice Chairman Edwin C. Hussemann Director, Treasurer Robert G. Menke Director David K. Meehan Director, Vice Chairman Duane M. DiPirro Director and Consultant 22 Hampton Court Lancaster, NY 14086 Gary J. Forbes Director Forbes Agency, Inc. 135 Bedford Road Katonah, NY 10536 Bill Gunter Director Rogers, Atkins, Gunter & Associates Insurance Inc. 1117 Thomasville Road Tallahassee, FL 32303 J. Wayne Mixson Director John A. Strong Director and Doctor 301 East Wendover Ave. Suite 100 Greensboro, NC 27401 Robert G. Southey Secretary, Vice President Kathleen M. Batson Vice President B. Bradford Martz Vice President
Schedule 1-B BANKERS INSURANCE COMPANY DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Bankers Insurance Company are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o Bankers Insurance Company, 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2 Name Occupation Business Address David J. Nye Director, Chairman and Professor University of Florida P.O. Box 117168 Gainesville, FL 32611 Edwin C. Hussemann Director, Treasurer Robert M. Menke Director David K. Meehan Director, Vice Chairman, President Robert G. Menke Director Duane M. DiPirro Director and Consultant 22 Hampton Court Lancaster, NY 14086 Gary J. Forbes Director Forbes Agency, Inc. 135 Bedford Road Katonah, NY 10536 Bill Gunter Director Rogers, Atkins, Gunter & Associates Insurance Inc. 1117 Thomasville Road Tallahassee, FL 32303 J. Wayne Mixson Director John A. Strong Director and Doctor 301 East Wendover Ave. Suite 100 Greensboro, NC 27401 Robert G. Southey Secretary, Vice President Kathleen M. Batson Secretary, Vice President Brian J. Kesneck Vice President Barbara A. Peat Vice President Teresa D. Heller Vice President
Schedule 1-C BANKERS SECURITY INSURANCE COMPANY DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Bankers Security Insurance Company are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o Bankers Security Insurance Company, 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2 Name Occupation Business Address David J. Nye Director, Chairman and Professor University of Florida P.O. Box 117168 Gainesville, FL 32611 Edwin C. Hussemann Director, Treasurer Robert M. Menke Director David K. Meehan Director, Vice Chairman, President Robert G. Menke Director Duane M. DiPirro Director and Consultant 22 Hampton Court Lancaster, NY 14086 Gary J. Forbes Director Forbes Agency, Inc. 135 Bedford Road Katonah, NY 10536 Bill Gunter Director Rogers, Atkins, Gunter & Associates Insurance Inc. 1117 Thomasville Road Tallahassee, FL 32303 J. Wayne Mixson Director John A. Strong Director and Doctor 301 East Wendover Ave. Suite 100 Greensboro, NC 27401 Robert G. Southey Secretary, Vice President Kathleen M. Batson Secretary, Vice President Barbara A. Peat Vice President Teresa D. Heller Vice President
Schedule 1-D BANKERS FINANCIAL CORPORATION DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Bankers Financial Corporation are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o Bankers Financial Corporation, 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2 Name Occupation Business Address Robert M. Menke Director, Chairman Robert G. Menke Director David K. Meehan Director, Vice Chairman, President Edwin C. Hussemann Director, Treasurer Brett M. Menke Director Kenneth P. Cherven Director Ralph E. Stevens, Jr. Director and President Stevens & Stevens 11515 53rd Street N. Clearwater, Florida 33760 David R. Punzak Director and Attorney Carlton Fields One Progress Plaza 20th Floor St. Petersburg, Florida 33701 Steven K. Kurcan Vice President
Schedule 1-E BANKERS INTERNATIONAL FINANCIAL CORPORATION DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Bankers International Financial Corporation are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o Bankers International Financial Corporation, 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2 Name Occupation Business Address Robert M. Menke Director, Chairman Robert G. Menke Director David K. Meehan Director, Vice Chairman, President Edwin C. Hussemann Director, Treasurer Brett M. Menke Director Kenneth P. Cherven Director Ralph E. Stevens, Jr. Director and President Stevens & Stevens 11515 53rd Street N. Clearwater, Florida 33760 David R. Punzak Director and Attorney Carlton Fields One Progress Plaza 20th Floor St. Petersburg, Florida 33701
Schedule 1-F INDEPENDENT FOUNDATION FOR THE PURSUIT OF CHARITABLE ENDEAVORS, LTD. DIRECTORS AND EXECUTIVE OFFICERS The name and present principal occupation of each director and executive officer of Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. are set forth below. The business address for each person listed below, unless otherwise indicated, is c/o P.O. Box 1369 GT, Fort Street, Grand Cayman, British West Indies.
Item 2 Name Occupation Business Address Robert M. Menke Director, Chairman c/o Bankers Insurance Group, Inc. 360 Central Avenue, St. Petersburg, Florida 33701 Robert G. Menke Director c/o Bankers Insurance Group, Inc. 360 Central Avenue, St. Petersburg, Florida 33701 David K. Meehan Director, Vice Chairman c/o Bankers Insurance Group, Inc. 360 Central Avenue, St. Petersburg, Florida 33701 Edwin C. Hussemann Director, Treasurer c/o Bankers Insurance Group, Inc. 360 Central Avenue, St. Petersburg, Florida 33701 Brett M. Menke Director c/o Bankers Insurance Group, Inc. 360 Central Avenue, St. Petersburg, Florida 33701 Ralph E. Stevens, Jr. Director and President Stevens & Stevens 11515 53rd Street N. Clearwater, Florida 33760 David R. Punzak Director and Attorney Carlton Fields One Progress Plaza 20th Floor St. Petersburg, Florida 33701 Barry B. Benjamin President
INDEX OF EXHIBITS Number Description ------ ----------- 4.1 Letter from BIG to the Special Committee dated March 21, 2002 (1) 4.2 Letter from BIG to the Special Committee dated July 16, 2002 (3) 4.3 Letter from BIG to the Special Committee dated August 5, 2002 (4) 4.4 Letter from Insurance Management Solutions Group, Inc. to Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company and Bankers Management Corporation dated as of November 21, 2002. 10.1 Agreement and Plan of Merger dated as of August 14, 2002 among Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company, Bankers Management Corporation and Insurance Management Solutions Group, Inc. (5) 99.1 Agreement of Joint Filing dated as of May 24, 2002 among Bankers Insurance Group, Inc., Bankers Insurance Company, Bankers Security Insurance Company, Bankers Financial Corporation, Bankers International Financial Corporation, Bankers International Financial Corporation, Ltd., Ansbacher (Cayman) Limited, as trustee of the Bankers International Financial Corporation II Trust and Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. (1) 99.2 Power of Attorney for Bankers International Financial Corporation, Ltd. (1) 99.3 Power of Attorney for Ansbacher (Cayman) Limited, as trustee for the Bankers International Financial Corporation II Trust (1) 99.4 Power of Attorney for Independent Foundation for the Pursuit of Charitable Endeavors, Ltd. (2) (1) Incorporated by reference to the Reporting Persons' Schedule 13D filed with the SEC on May 24, 2002. (2) Incorporated by reference to the Reporting Persons' Schedule 13G filed with the SEC on April 5, 2000. (3) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 1, filed with the SEC on July 19, 2002. (4) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 2, filed with the SEC on August 9, 2002. (5) Incorporated by reference to the Reporting Persons' Schedule 13D-A, Amendment No. 3, filed with the SEC on August 16, 2002.