Great American Insurance Company(R) Announces New Insurance Product for Swapalease

    CINCINNATI, May 23 Great American Insurance Company
announced today that one of its specialty divisions has developed an insurance
product for Swapalease, Inc.  Swapalease is an online service designed to link
lessees who wish to assign their automobile lease with individuals who would
like to assume an in-process lease.
    Because many lenders in the U.S. hold the originating lessee liable if the
assuming lessee defaults on the obligations of the lease, Great American has
developed Lease Transfer Default Protection (LTDP) insurance.  LTDP provides
protection to the original lessee for the following lease transfer risks:
1) remaining payments on the lease following default and repossession of the
vehicle, and 2) excess wear & tear, mileage or disposition fees in default by
the assuming lessee.  LTDP was developed by Premier Lease & Loan Services(R),
a specialty division of Great American that specializes in leasing and lending
insurance products for financial institutions.
    Customers are made aware of the lease transfer risks within several areas
of the Swapalease website ( http://www.swapalease.com ), and are then directed to a
Great American website where they can learn more about the coverage and fill
out an application for a quote by a licensed agent.  While Swapalease is a
national service, LTDP is currently available in Ohio, Kentucky and Indiana.
    Great American Insurance Company, founded in 1872 and based in Cincinnati,
Ohio, is a member of the Great American Insurance Group whose property and
casualty insurance operations represent one of the thirty largest
property/casualty insurance groups in the United States. American Financial
Group, Inc. , Great American's parent company, is engaged primarily
in private passenger automobile and specialty property and casualty insurance
businesses and in the sale of retirement annuities, life, supplemental health
and long-term care insurance products.