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Magna Carta Insurance Company Ltd.
Atlantic Security Ltd., P.O. Box HM 2078, Hamilton, Bermuda; 441-295-5425
Domicile: Bermuda.
Risks: All classes.
Limits: Various.
Programs: Fully funded, traditional.
Policy form: Claims-made.
Access: All brokers.
Established: 1978.
Premium volume: $1.5 million in 1996; $2 million estimated in 1997.
1996 assets: $8.5 million.
1996 capital/surplus: $250,000.
Policyholders: 12 in 1996; 15 estimated in 1997.
Membership: Direct non-controlled foreign corporation.
Contact: Colin James or Richard Witkowski.
Meridian Insurance Co. Ltd.
TRISTAR Risk Management, 6133 Bristol Parkway, Suite 300, Culver City, Calif. 90230; 310-342-0500
Domicile: Cayman Islands.
Risks: Workers compensation, professional and general liability.
Limits: Workers compensation: statutory. Liability: various.
Programs: Fully funded, traditional.
Policy form: Occurrence.
Access: All brokers.
Established: 1981.
Premium volume: $8 million in 1996; $15 million estimated in 1997.
1996 assets: $68 million.
1996 capital/surplus: $28 million.
Policyholders: 12 in 1995; 15 estimated in 1996.
Membership: Health care providers, service organizations, hoteliers.
Contact: Tom Veale.
Mutual Indemnity Ltd.
P.O. Box 2064, Hamilton HM HX, Bermuda; 441-295-5688
Domicile: Bermuda.
Self-managed.
Risks: Various, primarily workers compensation.
Limits: $250,000 per occurence/$500,000 aggregate (generally).
Programs: Fully funded, traditional.
Policy form: Claims-made, occurrence.
Access: All brokers, direct, Commonwealth Risk Services.
Established: May 1979.
Requirements: $750,000 minimum premium (generally).
Fronting insurers: Legion Insurance Co.
Premium volume: $30.2 million in 1996.
1996 assets: $294.3 million.
1996 capital/surplus: $52.3 million.
Policyholders: 216 in 1996.
Membership: Various, including manufacturing, health care, trucking and sports teams.
Contact: Paul Watson.
Mutual Indemnity (Bermuda) Ltd.
P.O. Box 2064, Hamilton HM HX, Bermuda; 441-295-5688
Domicile: Bermuda.
Self-managed.
Risks: Various, primarily workers compensation.
Limits: $250,000 per occurence/$500,000 aggregate (generally).
Programs: Fully funded, traditional.
Policy form: Claims-made, occurrence.
Access: All brokers, direct, Commonwealth Risk Services.
Established: May 1993.
Requirements: $750,000 minimum premium (generally).
Fronting insurers: Legion Insurance Co.
Premium volume: $85.1 million in 1996.
1996 assets: $210.9 million.
1996 capital/surplus: $26.4 million.
Policyholders: 240 in 1996.
Membership: Various, including manufacturing, health care, trucking and sports teams.
Contact: Paul Watson.
Mutual Indemnity (U.S.) Ltd.
P.O. Box 2064, Hamilton HM HX, Bermuda; 441-295-5688
Domicile: Delaware.
Self-managed.
Risks: Various, primarily workers compensation.
Limits: $250,000 per occurence/$500,000 aggregate (generally).
Programs: Fully funded, traditional.
Policy form: Claims-made, occurrence.
Access: All brokers, direct, Commonwealth Risk Services.
Established: January 1989.
Requirements: $750,000 minimum premium (generally).
Fronting insurers: Legion Insurance Co.
Premium volume: $46.1 million in 1996.
1996 assets: $73 million.
1996 capital/surplus: $8.9 million.
Policyholders: 52 in 1996.
Membership: Various, including manufacturing, health care and trucking.
Contact: Paul Watson.