Holthaus Elected Chairman of Baltimore Life Board of Directors
MacColl elected new board member

For Immediate Release

BALTIMORE, MD, NOVEMBER 9, 2011—Gerard E. Holthaus has been elected as Baltimore Life’s new Board Chairman

Mr. Holthaus has been a member of Baltimore Life’s Board of Directors since 1998. He is also the Chairman of Algeco Scotsman, Inc., a leading global provider of modular space solutions and rental services. With this announcement, L. John Pearson retires from the board and his position as Chairman. Mr. Pearson formerly was President, Chairman, and Chief Executive Officer with Baltimore Life starting in 1995.

John A. MacColl has been elected as a Director to the Baltimore Life Board. Mr. MacColl is an Executive Vice President and Chief Risk Officer with FTI Consulting in Baltimore. He has also been a general counsel for three large public companies, including FTI Consulting. Christian H. Poindexter retires from his position as Director on the Board that he has held since 1998. Mr. Poindexter is the former Chairman, Constellation Energy Group.

“Baltimore Life has benefited greatly from the leadership and guidance of Chris Poindexter and John Pearson,” said David Ficca, Baltimore Life’s President and C.E.O. “Going forward, Gerry Holthaus and John MacColl will bring a history of strong leadership and experience to our board that will serve us well as we grow our business and service our customers.”

About Baltimore Life

Established in 1882, The Baltimore Life Insurance Company insures individuals, families and businesses, providing financial protection to middle income consumers in 49 states and the District of Columbia.

Baltimore Life conducts business with openness and integrity. We strive to make a positive difference in the lives of our policyholders, associates, and in the communities we serve. Above all, we are committed to a conservative, disciplined financial strategy, recognizing that “it’s the policyholders’ money.”

For more information, please visit www.baltlife.com or call 1.800.628.5433.