BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: S-T

S
Safety National Casualty Corp.
2043 Woodland Parkway, Suite 200, St. Louis, Mo. 63146; 314-995-5300; fax: 314-995-6847
1997 1996
Gross premiums $71,069,840 $69,308,812
Excess liability 97% 97%
Admitted 99.9% 99.9%
Net premiums $60,777,599 $66,309,111
Paid-in capital $5,000,000 $5,000,000
Policyholder
surplus $168,922,811 $139,835,615
Employees 89 78
Excess liability 14 13
Combined ratio 1 102.7% 103.5%
Combined ratio 2 96.1% 96.1%
Net income $34,796,461 $23,451,132
Best's rating A A
S&P's rating A A
Founded: 1942.
Parent: Delphi Financial Group.
Specialties: Municipalities, school districts, hospitals, nursing homes, light manufacturing, government entities, group self-insurers.
Admitted in: All states.
Officers: Terrence T. Schoeninger, president; C. Donald Aindsorth, executive vp; Duane A. Hercules, treasurer; Jeffrey W. Otto, secretary; Mark A. Wilhelm, senior vp-underwriting.
Contact: Donald L. Wilson, government relations manager.
St. Paul Surplus Lines Insurance Co.
385 Washington St., St. Paul, Minn. 55102; 651-310-7911; fax: 651-310-8951
1997 1996
Gross premiums $147,281,987 $166,586,172
Non-admitted $112,083,290 $131,349,802
Commercial risks 100% 100%
Net premiums $35,025,592 $35,236,369
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $83,229,253 $73,401,548
Combined ratio 1 105.8% 101.9%
Combined ratio 2 105.8% 101.9%
Net income $10,092,151 $9,266,611
Best's rating A+ A+
S&P's rating AA AAA
Figures reported on a pooling basis.
Founded: 1974.
Parent: St. Paul Fire & Marine Insurance Co.
Approved non-admitted in: All states, excluding Delaware. Also approved in Puerto Rico and the U.S. Virgin Islands.
Admitted in: Delaware.
Officers: Douglas Leatherdale, chairman/CEO; Janet R. Nelson, president/COO; Patrick A. Thiele, executive vp/CFO; Edward M. Gerber, assistant corporate secretary; Donald J. Swanson, vp/treasurer.
Contact: Dave Baughman.
Scottsdale Insurance Co.
8877 N. Gainey Center Drive, Scottsdale, Ariz. 85258; 602-948-0505; fax: 602-483-6752
1997 1996
Gross premiums $1,114,198,849 $1,146,643,486
Non-admitted $491,060,055 $522,109,042
Commercial risks 88.3% 88.9%
Net premiums $327,032,443 $323,980,100
Paid-in capital $6,027,200 $6,027,200
Policyholder
surplus $211,078,908 $192,819,964
Employees 1,087 1,066
Combined ratio 1 104.3% 111.8%
Combined ratio 2 105% 112.3%
Net income $17,528,408 $8,517,936
Best's rating A+ A+
S&P's rating AA AA
Figures reported on a pooling basis.
Founded: 1982.
Parent: Nationwide Mutual Insurance Co.
Specialties: Property/casualty.
Subsidiaries: National Premium & Benefit Administration Co., Scottsdale Surplus Lines Insurance Co.
Approved non-admitted in: All states, excluding Arizona, Delaware and Ohio.
Admitted in: Arizona, Delaware, Ohio.
Officers: Roger Max Williamson, president; Dennis William Click, secretary; Michael Dean Miller, treasurer.
Contact: Arlan G. Oliva.
Star Insurance Co. (Combined)
26600 Telegraph Road, Southfield, Mich. 48034; 248-358-1100; fax: 248-358-5792
www.meadowbrookinsgrp.com
1997 1996
Gross premiums $143,002,397 $115,490,926
Non-admitted $12,870,414 $6,525,312
Commercial risks 9% 5.6%
Net premiums $71,228,065 $72,668,585
Paid-in capital $5,040,000 $5,040,000
Policyholder
surplus $70,050,890 $64,642,417
Combined ratio 1 91.3% 97.4%
Combined ratio 2 91.3% 97.4%
Net income $10,449,420 $11,423,819
Best's rating A- AS&P's rating A+ A+
Founded: 1985.
Parent: Meadowbrook Insurance Group Inc.
Specialties: Commercial; property/casualty; professional liability; inland marine; workers comp.
Approved non-admitted in: Illinois, Kansas, Maine, Massachusetts, Missouri.
Admitted in: All states.
Officers: Joseph C. Henry, president; Karl Wyatt Koch, president-Savers Property & Casualty Insurance Co.; Michael Gerard Costello, vp/general counsel; Robert Samuel Cubbin, Joseph Christopher Henry, James Robert Parry Sr., executive vps.
Contact: Karen M. Spaun, director-investor relations, 248-204-8178.
Steadfast Insurance Co.
1400 American Lane, Schaumburg, Ill. 60196-1056; 847-605-6000
www.zurichamerican.com
1997 1996
Gross premiums $351,319,459 $360,091,511
Non-admitted $317,272,143 $328,396,607
Commercial risks 100% 100%
Net premiums $30,990,196 $32,537,225
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $95,725,290 $75,680,250
Combined ratio 1 111.7% 120.8%
Combined ratio 2 NA 121.1%
Net income $4,059,974 $250,862
Best's rating A+ A+
S&P's rating AA+ AA+
Figures reported on a pooling basis.
Founded: 1988.
Parent: Zurich Insurance Co.
Specialties: Health care; primary casualty; excess and umbrella; professional liability; D&O; architects and engineers; employment practices liability; environmental; railroads.
Approved non-admitted in: All states. Also approved in Puerto Rico.
Admitted in: Delaware.
Officers: Constantine Philippos Iordanou, president/CEO; Loren Jay Alter, vp/treasurer; Ronald Arne Anderson, David Alan Bowers, Barry John Gilway, vps.
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Tudor Insurance Co.
400 Parson's Pond Drive,
Franklin Lakes, N.J. 07417-2600; 201-847-8600; fax: 201-847-1010
1997 1996
Gross premiums $37,754,049 $26,340,162
Non-admitted $32,753,731 $20,888,175
Commercial risks 98% 98.4%
Net premiums $9,114,840 $8,594,886
Paid-in capital $4,200,000 $4,200,000
Policyholder
surplus $33,561,078 $29,143,202
Employees* 186 181
Combined ratio 1 119.2% 119.8%
Combined ratio 2 102.7% 103.4%
Net income $4,349,260 $3,861,392
Best's rating A+ A+
S&P's rating Aq Aq
Figures reported on a pooling basis.
Founded: 1979.
Parent: Western World Insurance Co.
Specialties: D&O liability; architects and engineers liability; public officials liability; professional liability, including hard-to-place accounts; E&O for school boards, electronic data processing and employment practices.
Approved non-admitted in: All states, excluding New Hampshire.
Admitted in: New Hampshire.
Officers: Andrew Frazier, president; Robert Livingston, executive vp-operations; Thomas Mulligan, Stephen Gerstman, Gary Resman, senior vps; Terrye Rumsey, Lynn Rupp, Kenneth Labar, vps.
Contact: Nick Hudson.
* Reflects total employees of Western World Insurance Group.