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BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: M-N

Posted On: Sep. 6, 1998 12:00 AM CST

M
Monticello Insurance Co.
Newport Tower, 525 Washington Blvd., Jersey City, N.J. 07310-1693; 201-222-8666; fax: 201-222-9161
www.jeffgroup.com
1997 1996
Gross premiums $94,310,231 $92,491,701
Non-admitted $71,488,255 $73,764,153
Commercial risks 75.8% 79.8%
Net premiums $22,821,976 $18,727,548
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $31,502,900 $29,818,368
Employees 140 139
Combined ratio 1 105.3% 106.7%
Combined ratio 2 103.8% 106.9%
Net income $2,109,603 $2,336,957
Best's rating A A
S&P's rating BBBpl BBq
Figures reported on a pooling basis.
Founded: 1973.
Parent: Jefferson Insurance Co. of New York.
Specialties: Small mercantile and business risks; professional liability classes, including non-profit D&O and public official's liability.
Approved non-admitted in: Jefferson Insurance Co. of New York: Hawaii and Louisiana; Monticello Insurance Co: all states, excluding Delaware, Louisiana and New York.
Admitted in: Jefferson Insurance Co. of New York: all states, excluding Hawaii and Louisiana; Monticello Insurance Co: Delaware, New York.
Officers: Claus Cardinal, president/CEO; Edwin Ghigliotty, senior vp/treasurer; Vincent Celano, senior vp/secretary; Kenneth Bolen, senior vp-underwriting; Atanas Nikow, senior vp-claims.
Contact: John Ritter, assistant vp/controller, 201-420-3457.
Mt. Hawley Insurance Co.
9025 N. Lindbergh Drive, Peoria, Ill. 61615; 309-692-1000; fax: 309-689-2043
www.rlicorp.com
1997 1996
Gross premiums $72,621,935 $97,163,475
Non-admitted $72,318,524 $96,845,702
Commercial risks 99.6% 99.7%
Net premiums $40,669,599 $53,325,822
Paid-in capital $10,000,000 $10,000,000
Policyholder
surplus $121,751,390 $91,175,521
Employees 285 260
Combined ratio 1 101.9% 101.7%
Combined ratio 2 NA 101.7%
Net income $10,381,379 $7,224,410
Best's rating A A
S&P's rating NA Aq
Founded: 1979.
Parent: RLI Corp.
Specialties: Surplus lines and excess property; surplus lines general liability; excess liability; product manufacturers; D&O liability; E&O/professional liability, employers indemnity-Texas (primary & excess).
Approved non-admitted in: All states, excluding Kansas.
Admitted in: Kansas.
Officers: Jonathan E. Michael, president/COO; Terry L. Younghanz, senior vp-underwriting; Michael J. Stone, senior vp-claims; Gregory J. Tiemeier, senior vp-operations; Joseph E. Dondanville, vp-finance/CFO.
Contact: Terry Younghanz.
N
National Fire & Marine Insurance Co.
3024 Harney St., Omaha, Neb. 68131-3580; 402-536-3000;
fax: 402-536-3030
www.nationalindemnity.com
1997 1996
Gross premiums $11,176,294 $59,054,207
Non-admitted $11,160,443 $29,544,448
Commercial risks 99.9% 50%
Net premiums $11,150,002 $58,143,657
Paid-in capital $3,500,000 $3,500,000
Policyholder
surplus $2,408,648,046 $1,659,267,238
Employees 277 235
Combined ratio 1 63% 35.1%
Combined ratio 2 63% 34.2%
Net income $147,168,366 $184,066,767
Best's rating A++ A++
S&P's rating AAA AAA
Founded: 1949.
Parent: Berkshire Hathaway Inc.
Specialties: Large property-catastrophe risks, professional liability, general liability, prize indemnification, commercial automobile physical damage on all classes, commercial automobile liability, commercial/specialty automobile risks, garage liability.
Subsidiaries: Redwood Fire & Casualty Insurance Co., Omaha, Neb.
Approved non-admitted in: All states, excluding Massachusetts, Nebraska, New Jersey and New York.
Admitted in: Nebraska.
Officers: Donald F. Wurster, president; Philip M. Wolf, senior vp; Forrest N. Krutter, senior vp/secretary; Leslie J. Baller, vp; Marc D. Hamburg, treasurer.
Contact: John P. Giandinoto, assistant vp-marketing.
Nautilus Insurance Co.
7273 E. Butherus Drive, Scottsdale, Ariz. 85260; 602-951-0905; fax: 602-951-9730
www.nautilusinsgroup.com
1997 1996
Gross premiums $83,761,054 $78,353,100
Non-admitted $53,658,026 $53,176,767
Commercial risks 64.1% 67.7%
Net premiums $39,052,230 $36,081,045
Paid-in capital $7,350,088 $7,350,088
Policyholder
surplus $68,091,915 $56,538,076
Employees 121 117
Combined ratio 1 90.7% 95.8%
Combined ratio 2 90.9% 96%
Net income $10,607,191 $7,546,655
Best's rating A A
S&P's rating AA- AAFounded: 1985.
Parent: W.R. Berkley Corp.
Subsidiaries: Great Divide Insurance Co., Scottsdale, Ariz.
Approved non-admitted in: All states, excluding Arizona, North Carolina and Virginia.
Admitted in: Arizona, North Carolina, Virginia.
Officers: Thomas Kuzma, president; John M. Runberg, senior vp/treasurer; Jan L. Shemanske, vp/secretary; Steve Franke, vp-underwriting; Robert M. Kogan, vp-MIS.
Contact: Dennis Parish, vp-marketing.
Northfield Insurance Co.
1295 Northland Drive, St. Paul, Minn. 55120-1146; 612-688-4100;
fax: 612-688-4280
www.northlandins.com
1997 1996
Gross premiums $75,758,661 $79,147,197
Non-admitted $74,894,700 $78,451,138
Commercial risks 98.9% 99.1%
Net premiums $75,443,486 $84,116,294
Paid-in capital $3,500,000 $3,500,000
Policyholder
surplus $75,024,454 $66,737,758
Employees 393 367
Combined ratio 1 100.1% 97.5%
Combined ratio 2 99.9% 97.8%
Net income $8,329,492 $7,751,145
Best's rating A+ A+
S&P's rating Aq BBBq
Figures reported on a pooling basis.
Parent: The Northland Co.
Specialties: Garage physical damage and liability, general/professional liability, excess automobile liability, commercial fire, umbrella liability, inland marine.
Approved non-admitted in: All states, excluding Massachusetts, Missouri, New Hampshire and New Jersey.
Admitted in: Missouri.
Officers: Gene G. Gopon, chairman; Randall D. Jones, president/CEO; Daniel J. Zaborsky, executive vp; Allen J. Stendahl, Gregory K. Erickson, Harley J. Franken, senior vps.
Contact: Randall D. Jones, 612-688-4470.