BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: U
Posted On: Sep. 6, 1998 12:00 AM CSTU
United Capitol Insurance Co.
400 Perimeter Center Terrace, Suite 345, Atlanta, Ga. 30346; 800-355-9429;
fax: 770-399-6547
www.unitedcapitolins.com
1997 1996
Gross premiums $70,952,567 $45,103,264
Non-admitted $69,736,465 $44,048,952
Commercial risks 100% 100%
Net premiums $40,792,823 $25,930,813
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $60,122,181 $53,355,929
Employees 64 43
Combined ratio 1 62.1% 65.8%
Combined ratio 2 62.7% 65.9%
Net income $12,219,948 $4,856,903
Best's rating A- AS&P's rating A+ BBq
Founded: 1986.
Parent: Frontier Insurance Group Inc.
Specialties: Environmental coverages for contractors and consultants, pollution liability for specific sites, product liability for difficult classes, property, surety for environmental risk.
Subsidiaries: Olympic Underwriting Managers, Columbia, Md.; United Capitol Environmental, Columbus, Ohio and Columbia, Md.
Approved non-admitted in: All states, excluding Arizona, Illinois and Wisconsin.
Admitted in: Arizona, Illinois, Wisconsin.
Officers: James W. Satterfield, president; Steven S. Zeitman, executive vp; Thomas Schruben, senior vp; John Malejko, Glen Plagmann, vps.
Contact: Carl Abramson.
United National Insurance Co.
3 Bala Plaza E., Suite 300, Bala Cynwyd, Pa. 19004; 610-664-1500; fax: 610-660-8882
1997 1996
Gross premiums $264,568,836 $270,148,508
Non-admitted $191,534,066 $195,765,451
Commercial risks 99% 97%
Net premiums $76,582,113 $77,807,064
Paid-in capital $5,000,000 $5,000,000
Policyholder
surplus $233,411,241 $196,175,542
Employees 142 148
Combined ratio 1 85.9% 98.4%
Combined ratio 2 85.9% 98.8%*
Net income $32,274,190 $19,826,361
Best's rating A+ A+
Founded: 1960.
Specialties: General liability, special multiperil, fire, jeweler's block, umbrella, professional liability, personal lines, liquor law liability, specific excess liability.
Subsidiaries: Diamond State Insurance Co. and Hallmark Insurance Co. Inc., Bala Cynwyd, Pa.
Approved non-admitted in: All states, excluding Pennsylvania.
Admitted in: Pennsylvania.
Officers: Raymond L. Freudberg, chairman; Seth D. Freudberg, president/CEO; Kevin L. Tate, Robert Cohen, Richard March, senior vps.
Contact: Timothy J. Dwyer, vp/controller.
* Restated.