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SafeCo Management

Paula Rosput Reynolds
President and Chief Executive Officer
Safeco Corporation
Paula Rosput Reynolds is president and chief executive officer of Safeco Corporation (NASDAQ: SAFC), a Fortune 500 property and casualty insurance company with headquarters in Seattle.

Before joining Safeco in January 2006, Reynolds was chairman, president and chief executive officer of AGL Resources, an Atlanta-based energy services holding company that includes six natural gas utility companies, wholesale services and energy investments. During her five-year tenure as CEO, AGL Resources expanded from a regional gas utility to a multi-state, integrated energy company. Under her leadership, the company doubled its share price and market capitalization, and increased its dividend by 37 percent.

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Active in the business community, Reynolds serves the boards of directors of Coca-Cola Enterprises and Delta Air Lines as well as Safeco.

Reynolds previously served as president and CEO of Houston-based Duke Energy North America, which operates power-generating facilities across the United States; and as senior vice president of Pacific Gas Transmission Company, which owns and operates a major natural gas pipeline that runs through the Pacific Northwest.

Reynolds graduated with highest honors in economics from Wellesley College in Massachusetts. She worked as an economist with a Boston consulting firm before entering the energy industry in 1979.

Arthur Chong
Executive Vice President and Chief Legal Officer
Safeco Corporation

Arthur Chong is executive vice president and chief legal officer for Safeco. In this position, he oversees Safeco’s legal, government relations, corporate governance and internal audit activities.

Chong joined Safeco in November 2005 after 24 years at McKesson Corporation, a Fortune 15 healthcare services and information technology company based in San Francisco. At McKesson, Chong was named deputy general counsel in 1999 and was responsible for the day-to-day management of most of the company’s legal and regulatory functions. He served in a number of other legal and management roles with McKesson from 1981 to 1999.

A 1978 graduate of Harvard Law School, Chong received his bachelor’s degree at the University of California, Berkeley. Before joining McKesson, he was an associate at the law firm of McCutchen, Doyle, Brown & Enersen in San Francisco.

Mike Hughes
Executive Vice President-Insurance Operations
Safeco Insurance Companies

Mike Hughes is executive vice president of Insurance Operations for Safeco. His responsibilities include product development, pricing and underwriting for all of the company’s personal and commercial lines.

Hughes joined the company in April 2002 to lead commercial underwriting. Under his leadership, Safeco has significantly expanded its business product lines and implemented one of the most sophisticated automated underwriting platforms ever created for the small-business insurance market. His commitment to underwriting discipline and developing leaders has resulted in overall improved financial performance of Safeco’s commercial insurance line.

Prior to joining Safeco, Hughes served as executive vice president for The Hartford Financial Services’ Affinity Personal Lines, overseeing $1.4 billion in business. At The Hartford, he amassed more than 25 years of experience in commercial underwriting, managing both small-business and large-commercial underwriting operations.

A graduate of St. John’s University’s School of Risk Management, Insurance and Actuarial Science in New York, Hughes also completed advanced executive education programs at the University of Pennsylvania’s Wharton School of Business and Duke University’s Fuqua School of Business.

William Jenks
Chief Information Officer
Safeco Corporation

William (Bill) Jenks is Safeco’s chief information officer, responsible for the company’s Information Technology (IT) organization. In this role, he is leading enhancements to Safeco’s logistics capabilities and technology infrastructure to drive lower-cost delivery of auto, home and small-business insurance products.

Before joining Safeco in April 2006, Jenks served as executive vice president and chief information officer of worldwide operations for Publicis Groupe, one of the largest advertising and media companies in the world. Prior to his work at Publicis, he served as chief information officer for Heller Financial and for the Chicago Mercantile Exchange, where he introduced newly scaleable systems for high-volume global trading and brought wireless order flow systems to the trading room floor. Earlier in his career, Jenks held positions at Space Systems/Loral, Martin Marietta, Inc., Northrup Grumann Corp., and IBM.

Jenks earned his bachelor’s degree in Management from California State Polytechnic University in 1974.

Ross Kari
Executive Vice President and Chief Financial Officer
Safeco Corporation

As executive vice president and chief financial officer, Ross Kari oversees all aspects of Safeco’s corporate finance, investment, financial planning and investor relations functions.

Kari joined Safeco in June 2006 from the Federal Home Loan Bank of San Francisco, where he served as executive vice president and chief operating officer. In that role, he directed the bank’s operational divisions, including financial management, sales and marketing, credit and collateral risk management, controllers, information services, and community investment.

Kari built his career at Wells Fargo & Company, a leading financial services company. During his 18-year tenure at Wells Fargo, he rose through the ranks from financial analyst to executive vice president and chief financial officer. Kari earned a B.S. in Mathematics and an M.B.A. in Finance from the University of Oregon.

Allie Mysliwy
Executive Vice President and Chief Business Services Officer
Safeco Corporation

Allie Mysliwy is executive vice president and chief business services officer, responsible for Safeco’s marketing, communication, community relations, human resources, operations and business continuity functions.

Mysliwy previously served as executive vice president-Human Resources. In this role, he championed Safeco’s transformation to a performance-driven culture, centered on clear goals, personal accountability and rewards tied to achievement and contribution. With a focus on training, development, total rewards and diversity, the company has made significant progress in attracting and retaining top talent.

Mysliwy joined Safeco in 1981 as a personnel representative in Safeco’s Chicago office. He was named personnel manager in 1982, then moved to the Toronto office in 1983 as region personnel manager. In 1985, he moved to Denver as personnel manager for the Southwest Region.

In 1990, he was named assistant director of Personnel for Safeco’s Property and Casualty companies, and in 1994 he was named vice president of Human Resources for Safeco Life Insurance Company. He became vice president of Human Resources for Safeco in 1999, and was named senior vice president in 2001, and executive vice president in 2004.

Mysliwy earned a B.S. degree from the U.S. Naval Academy in Annapolis, Md., in 1976, and served as a Naval officer until 1981.

Terri Dalenta
Senior Vice President-Claims and Customer Care
Safeco Insurance Companies

Terri Dalenta is senior vice president of Claims and Customer Care for Safeco. In this position, she is responsible for Safeco’s national claims and service operations.

She joined Safeco in March 2002 as chief actuary and chief risk officer. She assumed her current role in July 2006.

Since joining Safeco, Dalenta has created an enterprise risk management framework that has generated cost savings, particularly in the area of reinsurance. She also has established a corporate actuarial function, enhancing Safeco’s ability to evaluate liabilities and improve the company’s capital management. She also launched the company’s business process improvement effort.

Before joining Safeco, Dalenta served in roles of increasing responsibility at Travelers Insurance over a six-year period, ranging from personal auto product manager to personal lines chief actuary and corporate property and casualty actuary. She previously worked at Aetna Life & Casualty where she participated in the actuarial program. By the time she completed her actuarial exams, she had successfully rotated through personal insurance, commercial insurance, investments and claims.

Dalenta is a graduate of Southwestern College in Winfield, Kan., where she earned a bachelors degree in Mathematics and Speech and Drama. She is a Fellow of the Casualty Actuarial Society and a member of the Academy of Actuaries. Dalenta also serves on the board of the Boys & Girls Club for King County based in Seattle, Wash.

Kim Garland
President, Open Seas Insurance

Kim Garland is president of Open Seas Insurance, Safeco’s new product research and innovation arm. In this position, he is responsible for developing product and service breakthroughs to differentiate Safeco in the marketplace.

Garland joined the company in 2001 to serve as vice president of Auto Product Management. He was the lead architect of Safeco’s new auto product structure for personal lines, a move that enabled the company to significantly expand its market appetite for auto insurance and helped improve the line’s profitability and growth.

He came to Safeco after 13 years at X…., where he held a variety of leadership positions in actuarial pricing, product management and service organizations. He has a Masters in Mathematics from the University of Virginia and is a Fellow of the Casualty Actuarial Society.

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