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BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: G-H

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G
General Agents Insurance Co.
500 Commerce, Fort Worth, Texas 76102; 817-336-2500; fax: 817-335-1230
www.gainsco.com
1997 1996
Gross premiums $101,259,374 $111,338,529
Non-admitted $50,821,251 $55,850,492
Commercial risks 100% 100%
Net premiums $68,480,615 $79,921,818
Paid-in capital $3,000,000 $3,000,000
Policyholder
surplus $76,495,883 $57,011,890
Employees 140 175
Combined ratio 1 93.2% 89.2%
Combined ratio 2 93.2% 89.2%
Net income $15,449,442 $12,509,842
Best's rating A+ A+
Figures reported on a pooling basis.
Founded: 1978.
Parent: GAINSCO Inc.
Specialties: Automobile (commercial), trucking, contractors, auto dealers and property.
Subsidiaries: Agents Processing Systems Inc., General Agents Premium Finance Co.
Approved non-admitted in: All states, excluding Maine.
Admitted in: All states, excluding Colordo, Hawaii, New Hampshire, New Jersey and New York.
Officers: Glenn W. Anderson, president/CEO; Daniel J. Coots, CFO; Carolyn E. Ray, senior vp; J. Landis Graham, Richard M. Buxton vps.
Contact: Brian Schwarzbach, marketing.
General Star Indemnity Co.
695 E. Main St., P.O. Box 10354, Stamford, Conn. 06904; 203-328-5700; fax: 203-328-6131
www.genstar.com
1997 1996
Gross premiums $322,502,210 $299,338,485
Non-admitted $311,434,771 $293,228,768
Commercial risks 97% 98%
Net premiums $245,098,139 $222,386,129
Paid-in capital $5,000,000 $5,000,000
Policyholder
surplus $330,026,971 $327,790,817
Combined ratio 1 96.6% 93.8%
Combined ratio 2 96.3% 93.5%
Net income $45,479,447 $41,065,501
Best's rating A++ A++
S&P's rating AAA AAA
Founded: 1967.
Parent: General Reinsurance Corp.
Specialties: Animal mortality; biotechnology/clinical trials; environmental and pollution covers; excess auto/buffer layers; E&O/D&O; product liability, including pharmaceuticals, chemicals, medical devices; scenic and shortline railroads; wind deductible buybacks; earthquake; intellectual property rights.
Subsidiaries: General Star International Indemnity Ltd., London.
Approved non-admitted in: All states, excluding Connecticut.
Admitted in: Connecticut.
Officers: Kevin P. Brooks, chairman/president.
Contact: David W. Micik.
General Star National Insurance Co.
695 E. Main St., P.O. Box 10360, Stamford, Conn. 06904; 203-328-5700; fax: 203-328-6131
www.genstar.com
1997 1996
Gross premiums $38,782,944 $56,106,680
Excess liability 89% 88%
Admitted 100% 100%
Net premiums $24,928,555 $33,399,753
Paid-in capital $4,000,000 $4,000,000
Policyholder
surplus $103,398,811 $100,309,970
Combined ratio 1 96.2% 97.7%
Combined ratio 2 95.8% 96.4%
Net income $14,088,822 $11,087,378
Best's rating A++ A++
S&P's rating AAA AAA
Founded: 1864.
Parent: General Reinsurance Corp.
Specialties: Day care, entertainment, substandard/high-hazard property, excess auto buffer layers.
Admitted in: All states.
Officers: Kevin P. Brooks, chairman/president.
Contact: David W. Micik.
Glencoe Insurance Ltd.
Renaissance House, E. Broadway, Hamilton HM GX, Bermuda; 441-296-3235; fax: 441-295-4029
www.renre.com
1997 1996
Gross premiums $7,041,000 $1,552,000
Non-admitted $7,041,000 $1,552,000
Commercial risks 100% 100%
Net premiums $6,190,000 $1,052,000
Paid-in capital $500,000 $500,000
Policyholder
surplus $68,409,000 $50,956,000
Employees 5 5
Combined ratio 1 81.3% 203.3%
Combined ratio 2 112% NA
Net income $2,421,000 $900,000
Best's rating A-VII A-VII
Founded: 1996.
Parent: RenaissanceRe Holdings Ltd.
Specialties: Commercial property catastrophe.
Subsidiaries: Desoto Insurance Co., Tallahassee, Fla.
Approved non-admitted in: Arkansas, California, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Missouri, Nebraska, New Mexico, New Jersey, New York, North Carolina, Ohio, Oregon, South Carolina, South Dakota, Texas, Washington, West Virginia, Wisconsin, Wyoming. Also approved in the U.S. Virgin Islands
Admitted in: Guam.
Officers: James N. Stanard, chairman; Keith S. Hynes, president/CEO; Craig W. Tillman, assistant vp; John D. Nichols Jr., treasurer; Diana R. Petty, secretary.
Contact: Craig W. Tillman.
H
Houston Casualty Co.
13403 Northwest Freeway, Houston, Texas 77040; 713-462-1000;
fax: 713-462-4210
1997 1996
Gross premiums $212,007,053 $211,467,952
Non-admitted $74,077,575 $76,343,840
Commercial risks 100% 100%
Net premiums $74,443,082 $82,501,411
Paid-in capital $5,000,000 $5,000,000
Policyholder
surplus $233,042,964 $150,684,595
Employees 86 79
Combined ratio 1 70% 71.9%
Combined ratio 2 72% 77.2%
Net income $35,084,169 $29,232,685
Best's rating A+ A
S&P's rating AAq Aq
Founded: 1980.
Parent: HCC Insurance Holdings Inc.
Specialties: Aviation, blue water ocean marine, offshore energy, property catastrophe.
Subsidiaries: HCC Underwriters, Trafalgar Insurance Co., U.S. Specialty Insurance Co., Houston.
Approved non-admitted in: All states excluding New Hampshire, South Carolina, Tennessee, Texas and Vermont. Also approved in Guam, Puerto Rico and the U.S. Virgin Islands.
Admitted in: Texas.
Officers: Stephen L. Way, chairman; Peter B. Smith Jr., president/CEO; John N. Molbeck Jr., executive vp; Edward H. Ellis Jr., senior vp/CFO; L. Edward Tuffly Jr., senior vp/treasurer.
Contact: Peter B. Smith Jr.