BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS.

A
Acceptance Insurance Co.
222 S. 15th, Suite 600, Omaha, Neb. 68102; 402-344-8800; fax: 402-341-0792
1996 1995
Gross premiums $281,399,887 $279,941,325
Non-admitted $195,728,421 $180,050,867
Commercial risks 100% 100%
Net premiums $187,382,799 $140,617,215
Paid-in capital $5,619,520 $5,619,520
Policyholder
surplus $115,727,610 $121,337,168
Employees 1,200 1,200
Combined ratio 1 110.4% 113.7%
Combined ratio 2 110.6% 113.9%
Net income $(3,168,252) $(5,477,589)
Best's rating A- AS&P's rating BBB BBBq
Figures reported on a pooling basis.
Founded: 1979.
Parent: Acceptance Insurance Cos. Inc.
Specialties: CMP coverages, multiperil crop insurance, fine arts, temporary help agencies, transportation.
Subsidiaries: Acceptance Indemnity Insurance Co., Phoenix Indemnity Insurance Co.
Approved non-admitted in: Alaska, California, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Idaho, Kansas, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Washington, West Virginia, Wyoming, Puerto Rico, Virgin Islands.
Admitted in: Alabama, Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Iowa, Kentucky, Maine, Michigan, Nebraska, North Dakota, Ohio, Tennessee, Virginia, Wisconsin.
Officers: K.C. Coon, CEO; J.P. Nelson, COO; Thomas D. Stamm, Bruce W. Slaughter, Richard C. Gibson, senior vps.
Contact: W.J. Gerber.
Admiral Insurance Co.
1255 Caldwell Road, Cherry Hill,
N.J. 08034; 609-429-9200;
fax: 609-429-6572
1996 1995
Gross premiums $156,416,209 $119,371,928
Non-admitted $149,807,416 $112,701,350
Commercial risks 100% 100%
Net premiums $100,306,513 $57,796,278
Paid-in capital $5,600,000 $5,600,000
Policyholder
surplus $183,003,261 $175,622,209
Employees 145 133
Combined ratio 1 91.3% 101.8%
Combined ratio 2 91.3% 101.8%
Net income $20,995,919 $23,770,193
Best's rating A++ A++
Founded: 1952.
Parent: W.R. Berkley Corp.
Specialties: General liability coverages including product and professional liability.
Subsidiaries: Nautilus Insurance Co., Scottsdale, Ariz.
Approved non-admitted in: All states, excluding Delaware and New Jersey. Also approved in Puerto Rico and the Virgin Islands.
Admitted in: Delaware, New Jersey.
Officers: Michael J. Snead, chairman; John J. Kinsella, president/CEO; Kathleen Crawford, senior vp/treasurer; Kevin P. Hannon, senior vp/secretary.
Contact: Scott R. Barraclough, controller.
Adriatic Insurance Co.
3501 N. Causeway Blvd., Suite 1000, Metairie, La. 70002; 504-838-8100; fax: 504-832-0605
1996 1995
Gross premiums $11,791,912 $13,174,782
Non-admitted $11,791,912 $13,174,782
Commercial risks 94.4% 96.5%
Net premiums $9,336,338 $10,557,386
Paid-in capital $3,500,000 $3,500,000
Policyholder
surplus $20,418,076 $18,972,393
Employees 16 18
Combined ratio 1 91.8% 94.4%
Combined ratio 2 91.7% 94.4%
Net income $1,444,111 $1,520,147
Best's rating A A
Founded: 1979.
Specialties: Physical damage, including trucks (local and long-haul), taxicabs and special automobiles; garage keepers legal liability.
Approved non-admitted in: All states, excluding Alaska, Colorado, Connecticut, Delaware, Hawaii, Maine, Massachusetts, Nevada, New Hampshire, New Mexico, North Dakota, Rhode Island and Vermont.
Admitted in: North Dakota, Delaware, Nevada, New Mexico.
Officers: Joseph E. Taylor, president; Steven M. Harris, treasurer; Anthony V. Ciervo, secretary.
Contact: Joseph E. Taylor.
Agricultural Excess
& Surplus Insurance Co.
49 E. Fourth St., Suite 300 South, Cincinnati, Ohio 45202-3803; 513-579-6300; fax: 513-579-6314
1996 1995
Gross premiums $103,555,009 $93,380,155
Non-admitted $102,165,566 $91,919,032
Commercial risks 98.66% 98.44%
Net premiums $1,389,443 $1,460,223
Paid-in capita $4,100,000 $4,100,000
Policyholder
surplus $20,491,322 $20,604,299
Employees 45 54
Combined ratio 1 110.7% 99.8%
Net income $893,188 $1,253,716
Best's rating A A
Founded: 1979.
Parent: Great American Insurance Co.
Specialties: Underground storage tanks; product liability; college, university and professional liability.
Approved non-admitted in: All states, excluding Delaware.
Admitted in: Delaware.
Officers: Carl Lindner III, chairman; Richard Koscielak, president; Donald Larson, vice chairman/senior vp; Gayle Christen, senior vp; Al Jaeger, vp.
Contact: Doris Paul, 513-579-6346.
Alliance General Insurance Co.
6 W. Hubbard St., Sixth Floor, Chicago, Ill. 60610; 312-755-0099; fax: 312-755-1056
1996 1995
Gross premiums $20,226,198 $19,483,170
Non-admitted $19,368,899 $18,901,048
Commercial risks 97% 97%
Net premiums $8,941,514 $8,732,186
Paid-in capital $2,000,000 $2,000,000
Policyholder
surplus $15,345,388 $15,776,327
Combined ratio 1 120.8% 99.5%
Net income ($45,873) $1,872,674
Best's rating A- A
Founded: 1984.
Parent: Alliance Insurance Group Inc.
Specialties: Product liability, business owners' packages, including liquor liability.
Approved non-admitted in: All states, excluding Alaska, Connecticut, Delaware, Maine, Massachusetts, Michigan, Montana, New Hampshire, New Jersey, New Mexico, Oklahoma, Rhode Island and Vermont.
Admitted in: Illinois.
Officers: Donald V. McCann, president; Eric W. Rahn, treasurer; Denise M. LeBeau, secretary; Jeffrey M. Josephs, Steven S. Levenson, vps.
Contact: Eric W. Rahn.
Allianz Underwriters Insurance Co.
3400 Riverside Drive, Burbank, Calif. 91505-4669; 818-972-8000; fax: 818-972-8540
1996 1995
Gross premiums $105,116,440 $91,220,724
Non-admitted $59,918,889 $49,217,182
Commercial risks 100% 100%
Net premiums $6,808,110 $5,529,115
Paid-in capital $4,500,000 $4,500,000
Policyholder
surplus $37,473,480 $36,487,002
Employees* 14 14
Combined ratio 1 126.8% 132.2%
Combined ratio 2 107% 99.6%
Net income $610,198 $1,058,953
Best's rating A A
**Underwriting only.
Figures reported on a pooling basis.
Founded: 1978.
Parent: Allianz of America.
Specialties: Excess and surplus property, umbrella casualty.
Approved non-admitted in: All states, excluding California, Missouri and New York.
Admitted in: California, Missouri, New York.
Officers: Wolfgang Schlink, chairman/president/CEO; Paul D. Kaduk, executive vp/secretary/treasurer; Trevor E. Care, Reinhard Franke, Brent Sorenson, senior vps.
Contact: Paul D. Kaduk, 818-972-8510.
Alpine Insurance Co.
311 S. Wacker Drive, Suite 500, Chicago, Ill. 60606; 312-922-8800; fax: 312-922-2202
1996 1995
Gross premiums $12,502,561 $52,497,691
Non-admitted $11,988,072 $51,550,949
Commercial risks 100% 100%
Net premiums $7,641,593 $17,656,680
Paid-in capital $3,600,000 $3,600,000
Policyholder
surplus $12,596,353 $12,283,882
Employees 12 5
Combined ratio 1 99% 100.3%
Combined ratio 2 NA 121.8%
Net income $4,898,571 $3,665,762
Best's rating C A
Founded: 1986.
Parent: Alpine Holdings Inc.
Specialties: Contractors liability.
Subsidiaries: Alpine Premium Finance Co., Transco Premium Finance Co.
Approved non-admitted in: Alabama, Alaska, Arizona, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin, Wyoming.
Admitted in: Illinois.
Officers: Steven C. Shinn, president; Richard G. Kersten, secretary; Mark Rosenberg, CFO; David A. Gay, vp-investments; Daniel J. O'Shaughnessy, vp.
Contact: David A. Gay, 805-686-7186.
American Empire Surplus Lines Insurance Co.
515 Main St., Cincinnati, Ohio, 45202; 513-369-3000; fax: 513-369-3034
1996 1995
Gross premiums $44,644,422 $51,923,300
Non-admitted $38,318,282 $44,550,972
Commercial risks 100% 100%
Net premiums $25,457,068 $31,690,319
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $122,397,666 $107,929,262
Employees 65 67
Combined ratio 1 84.4% 86.8%
Combined ratio 2 54.2% 86.5%
Net income $21,353,727 $5,654,470
Best's rating A+ A+
Founded: 1977.
Parent: Great American Insurance Co.
Subsidiaries: American Empire Insurance Co., Fidelity Excess & Surplus Insurance Co.
Approved non-admitted in: All states, excluding New Hampshire and Delaware.
Admitted in: Delaware, New Hampshire.
Officers: Walter E. Snyder, president; Robert A. Nelson, senior vp-underwriting; Chester A. Nalepa, senior vp-claims; Joseph M. Walsh, chairman.
Contact: Walter E. Snyder.
American Equity
Insurance Co.
8370 E. Via de Ventura, Building K, Scottsdale, Ariz. 85258; 602-991-0833; fax: 602-991-0723
1996 1995
Gross premiums $114,734,435 $40,728,548
Non-admitted $59,480,116 $26,495,296
Commercial risks 98% 100%
Net premiums $45,280,261 $15,514,728
Paid-in capital $4,121,094 $4,121,094
Policyholder
surplus $21,456,906 $20,576,539
Employees 77 52
Combined ratio 1 93.8% 112.4%
Combined ratio 2 93.8% 112.4%
Net income $2,075,350 $(2,496,907)
Best's rating A+ A+
1996 figures reported on a pooling basis.
Founded: 1979.
Parent: Jupiter Holdings Inc.
Approved non-admitted in: All states, excluding Alaska, Arizona, Delaware and New Hampshire.
Admitted in: Alaska, Arizona, Delaware.
Officers: Eugene J. Keating Jr., president/CEO; Douglas Rutherford, senior vp-underwriting; Kenneth Lewin, senior vp-marketing; Kenneth Brundage, senior vp-corporate counsel; Rodney Frantz, senior vp-finance.
American International Specialty Lines Insurance Co.
550 W. Seventh St., Anchorage, Alaska; 907-277-6693
1996 1995
Gross premiums $811,765,737 $812,142,074
Non-admitted $780,243,287 $793,130,552
Commercial risks 100% 100%
Net premiums $111,203,436 $100,765,105
Paid-in capital $5,002,500 $5,002,500
Policyholder
surplus $192,349,355 $170,437,802
Employees 0 0
Combined ratio 1 94.8% 89.6%
Combined ratio 2 NA NA
Net income $22,157,671 $22,992,624
Best's rating A++ A++
S&P's rating AAA AAA
Founded: 1973.
Parent: American International Group Inc.
Approved non-admitted in: All states, excluding Alaska and New Jersey.
Admitted in: Alaska.
Officers: Thomas R. Tizzio, chairman; Kevin H. Kelley, president; Elizabeth M. Tuck, secretary; Armand G. Pepin, treasurer; David J. Walsh, senior vp; James M. Kilkenny, vp.
Contact: Armand G. Pepin, 201-309-1100.
Associated International Insurance Co.
21820 Burbank Blvd., Suite 330, Woodland Hills, Calif. 91367; 818-595-0600; fax: 818-316-0380
1996 1995
Gross premiums $157,286,430 $107,150,685
Non-admitted $35,470,520 $36,127,391
Commercial risks 99.9% 100%
Net premiums $75,840,196 $56,797,826
Paid-in capital $3,500,000 $2,500,000
Policyholder
surplus $65,854,497 $66,998,366
Employees 87 76
Combined ratio 1 107.1% 96.1%
Net income $5,571,881 $13,492,297
Best's rating A A
1996 figures reported on a pooling basis.
Founded: 1972.
Parent: Gryphon Holdings Inc.
Specialties: Self-insured retentions; architects/engineers; E&O; excess property, including utilities and railroads; commercial auto.
Subsidiaries: Associated International Intermediaries, Woodland Hills, Calif.
Approved non-admitted in: All states, excluding California and Maine.
Admitted in: California.
Officers: John F. Iannucci, president/CEO; Kathryn W. Suchomel, executive vp-casualty; Joseph K. Saad, executive vp-claims/administration; Matthew T. Peller, executive vp-property; Virendra Amin, vp-information systems.
Contact: Kathryn W. Suchomel.