BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: W

W

Western World Insurance Co.

400 Parson's Pond Drive,

Franklin Lakes, N.J. 07417-2600; 201-847-8600; fax: 201-847-1010

1997 1996

Gross premiums $67,669,294 $70,229,303

Non-admitted $42,821,926 $51,758,682

Commercial risks 96.4% 97%

Net premiums $52,481,491 $52,353,528

Paid-in capital $8,200,000 $8,200,000

Policyholder

surplus $145,738,813 $134,066,697

Employees* 186 181

Combined ratio 1 100.3% 100.9%

Combined ratio 2 102.7% 103.4%

Net income $13,058,716 $11,109,052

Best's rating A+ A+

S&P's rating AAq AAq

Figures reported on a pooling basis.

Founded: 1964.

Parent: Western World Insurance Group.

Specialties: General liability, professional liability, malpractice.

Subsidiaries: Stratford Insurance Co. and Tudor Insurance Co., Keene, N.H.

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

Admitted in: New Hampshire, New York.

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: Thomas Mulligan, senior vp.

* Reflects total employees of Western World Insurance Group.