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BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: A

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A
Acceptance Insurance Co.
222 S. 15th St., Suite 600 N., Omaha, Neb. 68102; 402-344-8800; fax: 402-341-0792
1997* 1996*
Gross premiums $249,894,071 $281,399,887
Non-admitted $177,612,843 $195,728,421
Commercial risks 100% 100%
Net premiums $113,155,960 $187,382,799
Paid-in capital $5,619,520 $5,619,520
Policyholder
surplus $128,811,406 $115,727,610
Employees 1,200 1,200
Combined ratio 1 104.8% 110.9%
Combined ratio 2 105.5% 111.0%
Net income $13,000,505 ($7,987,433)
Best's rating A- AS&P's rating BBB BBB
*All figures, except gross premiums, reported on a pooling basis for Acceptance Insurance Co. and Acceptance Indemnity Insurance Co. Combined ratios and net income also include Redland Insurance Co., Acceptance Casualty Insurance Co. and Phoenix Indemnity Insurance Co.
Founded: 1979.
Parent: Acceptance Insurance Cos. Inc.
Specialties: General liability, commercial multiperil coverages, multiperil crop insurance, fine arts, temporary help agencies, transportation.
Subsidiaries: Acceptance Casualty Insurance Co., Acceptance Indemnity Insurance Co., American Growers Insurance Co., Phoenix Indemnity Insurance Co., Redland Insurance Co.
Approved non-admitted in: All states, excluding Michigan, New Hampshire, Rhode Island and Vermont. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.
Admitted in: Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Virginia, Washington, Wisconsin.
Officers: K.C. Coon, CEO; J.P. Nelson, COO; Thomas D. Stamm, Bruce W. Slaughter, Richard C. Gibson, senior vps.
Contact: W.J. Gerber.
ACE USA*
6 Concourse Parkway, Suite 2500, Atlanta, Ga. 30328; 770-393-9955;
fax: 770-393-0888
www.ace.bm
1997 1996
Gross premiums $195,122,829 $257,774,181
Excess liability 80% 90%
Admitted 80% 90%
Net premiums $86,463,951 $125,037,476
Paid-in capital $9,250,000 $9,250,000
Policyholder
surplus $289,213,802 $343,240,617
Employees 194 221
Excess liability 194 221
Combined ratio 1 277.9% 114.1%
Combined ratio 2 277.9% 114.1%
Net income ($99,432,171) $43,404,994
Best's rating A A
S&P's rating A+ AFounded: 1993.
Parent: ACE Ltd.
Subsidiaries: Industrial Underwriters Insurance Co., Westchester Fire Insurance Co., Westchester Specialty Insurance Services Inc., Westchester Surplus Lines Insurance Co.
Admitted in: All states. Also admitted in Bermuda, Guam and Puerto Rico.
Approved non-admitted in: All states, excluding Colorado, Massachusetts, Maine, New Hampshire and Rhode Island. Also approved in the U.S. Virgin Islands.
Officers: Dennis Reding, chairman/CEO/president; John Intondi, senior vp-claims; John Edack, senior vp-casualty underwriting; Marshall Turner, senior vp-property underwriting; Robert Gaffney, CFO/treasurer.
Contact: Jerry Wolk, 770-673-8869.
* Formerly Westchester Specialty Group.
Admiral Insurance Co.
1255 Caldwell Road, Cherry Hill, N.J. 08034; 609-429-9200; fax: 609-429-6572
www.admiralins.com
1997 1996
Gross premiums $159,720,419 $156,416,209
Non-admitted $151,845,171 $149,807,416
Commercial risks 100% 100%
Net premiums $95,010,080 $100,306,513
Paid-in capital $5,600,000 $5,600,000
Policyholder
surplus $218,916,827 $183,003,261
Employees 150 145
Combined ratio 1 90.3% 91.3%
Combined ratio 2 90.3% 91.3%
Net income $32,725,427 $20,995,919
Best's rating A++ A++
S&P's rating AA- AAFounded: 1952.
Parent: W.R. Berkley Corp.
Specialties: Commercial casualty, professional liability, commercial property, D&O liability.
Subsidiaries: Nautilus Insurance Co., Scottsdale, Ariz.
Approved non-admitted in: All states, excluding Delaware and New Jersey. Also approved in Puerto Rico and the U.S. Virgin Islands.
Admitted in: Delaware, New Jersey.
Officers: Michael J. Snead, chairman; James S. Carey, president/CEO; Scott R. Barraclough, senior vp/treasurer; Daniel A. MacDonald, senior vp/secretary.
Contact: Scott R. Barraclough.
Adriatic Insurance Co.
3501 N. Causeway Blvd., Suite 1000, Metairie, La. 70002; 504-838-8100; fax: 504-832-0605
1997 1996
Gross premiums $11,193,828 $11,791,912
Non-admitted $11,193,828 $11,791,912
Commercial risks 91% 94.4%
Net premiums $8,816,914 $9,336,338
Paid-in capital $3,500,000 $3,500,000
Policyholder
surplus $21,876,785 $20,418,076
Employees 16 16
Combined ratio 1 90.1% 91.8%
Combined ratio 2 92.4% 91.7%
Net income $1,457,140 $1,444,111
Best's rating A A
Founded: 1979.
Specialties: Physical damage, including trucks (local and long-haul), taxicabs and special automobile; garage keepers legal liability on hook and storage.
Approved non-admitted in: All states, excluding Alaska, Colorado, Connecticut, Delaware, Hawaii, Maine, Massachusetts, Nevada, New Hampshire, New Mexico, North Dakota, Rhode Island and Vermont.
Admitted in: Delaware, Nevada, New Mexico, North Dakota.
Officers: Joseph E. Taylor, president; Steven M. Harris, treasurer; Anthony V. Ciervo, secretary.
Contact: Joseph E. Taylor.
Agricultural Excess & Surplus Insurance Co.
49 E. Fourth St., Suite 300 S., Cincinnati, Ohio 45202-3803; 513-579-6300; fax: 513-579-6314
1997 1996
Gross premiums $96,358,432 $103,555,009
Non-admitted $95,041,206 $102,165,566
Commercial risks 98.63% 98.66%
Net premiums $1,317,226 $1,389,443
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $20,691,990 $20,491,322
Employees 37 45
Combined ratio 1 102.0% 110.7%
Net income $1,050,707 $893,188
Best's rating A A
Founded: 1979.
Parent: Great American Insurance Co.
Specialties: Underground storage tanks, product liability, college/university liability, professional liability.
Approved non-admitted in: All states, excluding Delaware.
Admitted in: Delaware.
Officers: Carl Lindner III, chairman; Don Larson, vice chairman/senior vp; Gayle Christen, senior vp; Al Jaeger, Tom McGilly, vps.
Contact: Doris Paul, 513-579-6346.
Alliance General Insurance Co.
6 W. Hubbard St., Chicago, Ill. 60610-4606; 312-755-0099; fax: 312-755-1056
1997 1996
Gross premiums $17,333,027 $20,226,198
Non-admitted $16,639,117 $19,368,899
Commercial risks 96% 96%
Net premiums $9,078,349 $8,941,514
Paid-in capital $2,000,000 $2,000,000
Policyholder
surplus $15,598,480 $15,345,388
Combined ratio 1 141% 120.8%
Net income ($1,355,998) ($45,873)
Best's rating A- AFounded: 1984.
Parent: Alliance Insurance Group Inc.
Specialties: Product liability, business owners' packages, including liquor liability.
Approved non-admitted in: All states, excluding Alaska, Connecticut, Delaware, Illinois, Maine, Massachusetts, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, Rhode Island and Vermont.
Admitted in: Illinois.
Officers: Donald V. McCann, chairman; Eric W. Rahn, president; Jeffrey M. Josephs, treasurer; Denise M. LeBeau, secretary; Steven S. Levenson, general counsel.
Contact: Eric W. Rahn.
American Empire Surplus Lines Insurance Co.
515 Main St., Cincinnati, Ohio 45202; 513-369-3000; fax: 513-369-3034
1997 1996
Gross premiums $37,593,631 $44,644,422
Non-admitted $32,562,257 $38,318,282
Commercial risks 100% 100%
Net premiums $21,000,862 $25,457,068
Paid-in capital $4,100,000 $4,100,000
Policyholder
surplus $111,546,893 $122,397,666
Employees 57 65
Combined ratio 1 88% 84.4%
Combined ratio 2 87.2% 54.2%
Net income $24,168,602 $21,353,727
Best's rating A+ A+
Figures reported on a pooling basis.
Founded: 1977.
Parent: Great American Insurance Co.
Subsidiaries: American Empire Insurance Co. and Fidelity Excess & Surplus Insurance Co., Cincinnati, Ohio.
Approved non-admitted in: All states, excluding Delaware and New Hampshire.
Admitted in: Delaware.
Officers: Walter E. Snyder, president; Robert A. Nelson, senior vp-underwriting; Chester A. Nalepa, senior vp-claims; Leonard Mikulski, Richard Weyhrich, vps.
Contact: Walter E. Snyder.
American International Specialty Lines Insurance Co.
550 W. Seventh St., Anchorage, Alaska 99501; 907-277-6693
1997 1996
Gross premiums $695,086,205 $811,765,737
Non-admitted $663,033,822 $780,243,287
Commercial risks 100% 100%
Net premiums $101,994,745 $111,203,436
Paid-in capital $5,002,500 $5,002,500
Policyholder
surplus $212,200,853 $192,349,335
Combined ratio 1 97.3% 94.8%
Net income $24,297,358 $22,157,671
Best's rating A++ A++
S&P's rating AAA AAA
Founded: 1973.
Parent: American International Group Inc. Specialties: Commercial general excess and umbrella, medical malpractice, E&O, professional liability, pollution liability, fiduciary liability, primary and excess commercial property coverage.
Approved non-admitted in: All states, excluding Alaska and New Jersey.
Admitted in: Alaska.
Officers: Kevin Hugh Kelley, president; Thomas Ralph Tizzio, chairman; Elizabeth Margaret Tuck, secretary; Armand George Pepin, senior vp; Peg Birk, senior vp/general counsel, James Martin Kilkenny.
Contact: Armand G. Pepin, American International Surplus Lines Agency Inc.; Harborside Financial Center, 401 Plaza Three, Jersey City, N.J. 07311.
Associated International Insurance Co.
21820 Burbank Blvd., Suite 330, Woodland Hills, Calif. 91367; 818-595-0600; fax: 818-316-0380
1997 1996
Gross premiums $146,438,399 $157,286,430
Non-admitted $28,573,016 $35,470,520
Commercial risks 35.34% 36.58%
Net premiums $80,398,743 $75,840,196
Paid-in capital $3,500,000 $3,500,000
Policyholder
surplus $70,790,762 $65,854,497
Employees 94 87
Combined ratio 1 110% 107.1%
Net income $8,994,605 $5,571,881
Best's rating A- A
Figures reported on a pooling basis.
Founded: 1972.
Parent: Gryphon Holdings Inc.
Specialties: Self-insured retentions, excess of buffer layers, umbrella, architects and engineers E&O, special programs, difference-in-conditions (California), excess property, commercial auto.
Subsidiaries: Associated International Intermediaries Inc., Woodland Hills, Calif.
Approved non-admitted in: All states, excluding California and Maine.
Admitted in: California.
Officers: Mark S. Sioma, president; Kathryn W. Suchomel, executive vp; Matthew T. Peller, executive vp-property; Virendra Amin, vp-information systems; Sunil L. Hingorani, senior vp/CFO.
Contact: Kathryn W. Suchomel.