Jay A. Cohen

JAY A. COHEN is First Vice President, Equity Research, at Merrill Lynch
and covers the property/casualty insurance industry and the insurance
brokers. Prior to joining the firm in 1995, he was associated with
Salomon Brothers and has spent two years at Aetna Casualty & Surety as a
Surety and Fidelity Bond Underwriter. Mr. Cohen graduated from Union
College with a BA in Economics and from Columbia Business School with an
MBA in Finance and Management. He currently serves as an Officer of the
Association of Insurance and Financial Analysts. In each of the past
three years, Mr. Cohen has been included in the Institutional Investor
research analyst poll. He has been recognized by The Wall Street Journal
as an All-Star Analyst in both stock picking and estimate accuracy and
is ranked among the top property/casualty insurance analysts by
Greenwich Associates. Mr. Cohen has had articles published in several
industry journals and has appeared on CNN and CNBC.