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BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: U

Posted On: Aug. 30, 1998 12:00 AM CST

Underwriters Reinsurance Co.

26050 Mureau Road, Calabasas, Calif. 91302; 818-878-9500; fax: 818-878-9535

1997 1996

Prem. written $368,998,626 $334,988,890

Prem. earned $342,675,623 $325,149,729

Capital/surplus $659,353,792 $613,807,498

Net income $33,179,727 $24,394,896

Losses $248,168,426 $235,225,108

Loss ratio 72.4% 72.3%

Expenses $109,761,727 $100,462,250

Expense ratio 32% 30.9%

Combined ratio 104.4% 103.2%

Treaty 95% 94%

Facultative 5% 6%

Domestic 85% 85%

Foreign 15% 15%

Non-life 100% 100%

Founded: 1977.

Parent: Alleghany Corp.

Locations: Six domestic, three foreign.

Officers: Steven H. Newman, CEO; Russell T. John, president/COO; Stephen C. Kolakowski, senior vp/CFO; Todd J. Hess, senior vp/chief actuary; Denise A. Coleman, F. Paul Japp, senior vps; Stuart M. de Haaff, general counsel/vp/secretary.

Contact: Stephen C. Kolakowski.

USF Re Insurance Co.

650 Town Center Drive, Suite 1600, Costa Mesa, Calif. 92626; 714-549-1600; fax: 714-556-0919

1997 1996

Prem. written $139,000,000 $108,800,000

Prem. earned $134,000,000 $105,500,000

Capital/surplus $112,600,000 $109,900,000

Net income $7,100,000 $7,800,000

Losses $105,000,000 $75,000,000

Loss ratio 78.5% 71.2%

Expenses $36,300,000 $28,500,000

Expense ratio 27.1% 27.1%

Combined ratio 105.6% 98.3%

Treaty 84% 90%

Facultative 16% 10%

Domestic 100% 100%

Non-life 100% 100%

Founded: 1987.

Parent: The Centris Group Inc.

Employees: 40.

Locations: Two domestic.

Specialties: Medical stop-loss, buffer/working layer covers, international treaties.

Officers: David L. Cargile, chairman; John T. Grush, president; Jose A. Velasco, secretary; Charles M. Caporale, treasurer; Curtis A. Gabbard, executive vp.

Contact: Curtis A. Gabbard.