BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: I

I

INEX Insurance Exchange

1 S. Wacker Drive, Suite 2720, Chicago, Ill. 60606; 312-372-4639; fax: 312-372-0423

www.theinex.com

1997 1996

Gross premiums $31,555,826 $37,824,902

Non-admitted $16,897,429 $78,143,719

Commercial risks 54% 91.5%

Net premiums $20,963,348 $24,838,918

Paid-in capital $7,229,283 $4,502,533

Policyholder

surplus $79,988,517 $20,313,484

Employees 11 22

Combined ratio 1 115% 107.2%

Net income ($916,672) ($109,128)

Founded: 1980.

Specialties: Associations, contractors, environmental, excess coverages, liquor liability, property, recreational risks, special events, specialty programs, umbrellas.

Approved non-admitted in: All states, excluding California, Colorado, Connecticut, Maine, Nevada, New Hampshire, New York, Rhode Island and Texas. Authority limited to certain syndicates in Arizona, Florida, Louisiana, South Carolina, Virginia, Washington, and Wisconsin.

Admitted in: Illinois.

Officers: James E. Tait, president/CEO; Gerald F. Murray, vp/general counsel/secretary; Jeffrey P. Leman, vp-operations/treasurer; Theresa L. Ryan, assistant vp/administrative assistant.

Contact: Theresa L. Ryan, 312-338-3405.

Investors Insurance Co. of America

200 Schulz Drive, Red Bank,

N.J. 07701; 732-224-0500; fax: 732-741-2266

1997 1996

Gross premiums $44,176,011 $47,444,768

Non-admitted $25,008,445 $29,148,339

Commercial risks 57% 61%

Net premiums $26,777,506 $27,781,935

Paid-in capital $4,200,000 $4,200,000

Policyholder

surplus $34,339,067 $28,713,391

Employees 51 45

Combined ratio 1 105.6% 158.7%

Combined ratio 2 105.6% 158.7%

Net income $3,790,790 $(7,091,697)

Best's rating A- AS&P's rating A NA

Figures reported on a pooling basis.

Founded: 1961.

Parent: Markel Corp.

Specialties: General liability, product liability.

Subsidiaries: Carlisle Insurance Co.

Approved non-admitted in: All states, excluding New Jersey, New York and Vermont.

Admitted in: New Jersey, New York.

Officers: Jeremy D. Cooke, president/CEO; Rodney Ayer, senior vp; Raymond J. Steer Jr., vp/controller/treasurer; Peter DeJesso, vp/manager; Joseph Savarese, vp.

Contact: Raymond J. Steer Jr.