EXHIBIT 99.1

[MEADOWBROOK INSURANCE GROUP LOGO]

                        MEADOWBROOK INSURANCE GROUP, INC.
                                  (NYSE - MIG)

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CONTACT:  ROBERT S. CUBBIN, PRESIDENT & CHIEF EXECUTIVE OFFICER, (248) 204-8031
          KAREN M. SPAUN, SVP & CHIEF FINANCIAL OFFICER, (248) 204-8178
          JENNIFER LA, DIRECTOR OF FINANCIAL ANALYSIS, (248) 204-8159

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                        MEADOWBROOK INSURANCE GROUP, INC.
              RAISES $13.0 MILLION AS PART OF A POOLED TRANSACTION

                              SOUTHFIELD, MICHIGAN
                                 APRIL 30, 2004


Meadowbrook Insurance Group, Inc. (NYSE: MIG) announced today that the Company
has raised approximately $13.0 million at the holding company level, as part of
a pooled transaction. The securities, which are classified as long-term debt,
have a floating rate equal to the three month LIBOR, plus 400 basis points and
mature in 30 years. The securities can be called by the issuer after five years
from the date of issuance.

The funds will be used to support future premium growth through contributions to
insurance carrier subsidiaries' surplus and other general corporate purposes.

"The proceeds raised in this transaction will support future controlled growth,
as we capitalize on the current favorable pricing environment," stated Robert S.
Cubbin, President and Chief Executive Officer of Meadowbrook Insurance Group.

ABOUT MEADOWBROOK INSURANCE GROUP

A leader in the alternative risk market, Meadowbrook is a program-based risk
management company, specializing in alternative risk management solutions for
agents, brokers, and insureds of all sizes. Meadowbrook Insurance Group, Inc.
common shares are listed on the New York Stock Exchange under the symbol "MIG".
For further information, please visit Meadowbrook's corporate web site at
www.meadowbrook.com.

Certain statements made by Meadowbrook Insurance Group, Inc. in this release may
constitute forward-looking statements including, but not limited to, those
statements that include the words "believes", "expects", "anticipates",
"estimates", or similar expressions. Please refer to the Company's most recent
10-K, 10-Q, and other Securities and Exchange Commission filings for more
information on risk factors. Actual results could differ materially. These
forward-looking statements involve risks and uncertainties including, but not
limited to the following: the frequency and severity of claims; uncertainties
inherent in reserve estimates; catastrophic events; a change in the demand for,
pricing of, availability or collectibility of reinsurance; increased rate
pressure on premiums; obtainment of certain rate increases in current market
conditions; investment rate of return; changes in and adherence to insurance
regulation; actions taken by regulators, rating agencies or lenders; obtainment
of certain processing efficiencies; changing rates of inflation; and general
economic conditions. Meadowbrook is not under any obligation to (and expressly
disclaims any such obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.

    26600 Telegraph Rd o Southfield, MI. 48034 o 248-358-1100 o 800-482-2726
                              o Fax: 248-358-1614
                              www.meadowbrook.com

                                                                          MIG
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