BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: E-F
Posted On: Sep. 6, 1998 12:00 AM CSTE
Essex Insurance Co.
4551 Cox Road, Glen Allen, Va. 23060; 804-273-1400; fax: 804-273-1435
www.markelcorp.com
1997 1996
Gross premiums $161,167,072 $129,310,644
Non-admitted $115,132,512 $119,485,293
Commercial risks 71.4% 92.4%
Net premiums $114,711,797 $83,352,750
Paid-in capital $4,500,000 $4,500,000
Policyholder
surplus $77,601,421 $60,623,414
Employees 161 143
Combined ratio 1 87.5% 81.6%
Combined ratio 2 87.5% 81.7%
Net income $14,977,847 $14,146,645
Best's rating A A
S&P's rating A A
Founded: 1980.
Parent: Markel Corp.
Specialties: Property, general liability, inland marine, motor truck cargo, umbrella, excess casualty.
Approved non-admitted in: All states, excluding Delaware. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.
Admitted in: Delaware.
Officers: Stephen J. Vaccaro Jr., president; Alan Irving Kirshner, chairman; Anthony Foster Markel, vice chairman; Gregory Brian Nevers, secretary; Steven Andrew Markel, executive vp.
Contact: Jill Grode Goldfine.
F
Fulcrum Insurance Co.
199 Water St., 20th Floor, New York, N.Y. 10038-3526; 212-480-1900; fax: 212-480-1328
www.fulcrumins.com
1997 1996
Gross premiums $19,351,762 $4,872,775
Non-admitted $19,197,918 $4,885,245
Commercial risks 99.2% 100%
Net premiums $426,866 $529,910
Paid-in capital $4,500,000 $4,500,000
Policyholder
surplus $23,485,490 $22,528,681
Employees 21 19
Combined ratio 1 2.4% 120%
Combined ratio 2 NA 121.5%
Net income $1,174,402 $734,801
Best's rating A AS&P's rating AA- NA
Founded: 1994.
Parent: SOREMA North America Reinsurance Co.
Specialties: Catastrophe driven products, national accounts, technical risks, program business, commercial general liability.
Approved non-admitted in: All states excluding Connecticut, Maine, New Hampshire, New York, Rhode Island and Vermont. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.
Admitted in: New York.
Officers: Francois M. Chavel, chairman/president/CEO; Nicolas Papadopoulo, executive vp/chief underwriting officer; William J. Gelert, executive vp-risk (casualty); R. Daniel Peed, senior vp-risk (property); Mark J. Purcell, senior vp/CFO; Deborah L. Brady, senior vp/marketing director.
Contact: Deborah L. Brady.