BALA CYNWYD, Pa., Oct. 8 /PRNewswire/ -- Philadelphia Insurance Companies (Nasdaq: PHLY) 'Team PHLY' and Philly's 'BIG 5 Coaches' will tip off for the American Cancer Society at the Palestra in Philadelphia on October 10, 2008 at 5:30 PM.

Sean Sweeney, PHLY's Executive Vice President & Chief Marketing Officer commented: 'At PHLY we believe in giving back through fitness. More than ten thousand Americans are struck by cancer each year; we're taking this challenge on the court. A basketball event is a fun way for all of us to support a worthy cause while staying fit; it's like two loves in one.'

Over 500 PHLY employees, families, friends and BIG 5 fans are expected to attend. PHLY fans will have the opportunity to meet the coaches; and also receive autographs, photographs, and giveaways. 'I have recruited only the top PHLY talent for our team -- PHLY Chairman & Founder, Jim Maguire will tip off the game,' continued Sweeney.

Phil Martelli head coach at St. Joseph's University said, 'We look forward to a great game and fun evening. On behalf of the BIG 5 Coaches, we support Philadelphia Insurance Companies mission in giving back to the community and promoting a winning attitude through fitness.'

In operation since 1962, PHLY designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverage's and services for select industries. The Company, whose commercial lines insurance subsidiaries are rated A+ (Superior) by A.M. Best Company and A1 for insurance financial strength by Moody's Investors Services, is nationally recognized as a member of Ward's Top 50, Forbes' Platinum 400 list of America's Best Big Companies and Forbes' 100 Best Mid-Cap Stocks in America. The organization has 47 offices strategically located across the United States to provide superior service.

To locate your nearest office or for more information, visit us on the web at www.phly.com or contact Susie Maguire at 610-206-7857.

SOURCE Philadelphia Insurance Companies