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INEX Insurance Exchange
1 S. Wacker Drive, Suite 2720, Chicago, Ill. 60606; 312-372-4639; fax: 312-372-0423
Gross premiums $31,555,826 $37,824,902
Non-admitted $16,897,429 $78,143,719
Commercial risks 54% 91.5%
Net premiums $20,963,348 $24,838,918
Paid-in capital $7,229,283 $4,502,533
surplus $79,988,517 $20,313,484
Employees 11 22
Combined ratio 1 115% 107.2%
Net income ($916,672) ($109,128)
Specialties: Associations, contractors, environmental, excess coverages, liquor liability, property, recreational risks, special events, specialty programs, umbrellas.
Approved non-admitted in: All states, excluding California, Colorado, Connecticut, Maine, Nevada, New Hampshire, New York, Rhode Island and Texas. Authority limited to certain syndicates in Arizona, Florida, Louisiana, South Carolina, Virginia, Washington, and Wisconsin.
Admitted in: Illinois.
Officers: James E. Tait, president/CEO; Gerald F. Murray, vp/general counsel/secretary; Jeffrey P. Leman, vp-operations/treasurer; Theresa L. Ryan, assistant vp/administrative assistant.
Contact: Theresa L. Ryan, 312-338-3405.
Investors Insurance Co. of America
200 Schulz Drive, Red Bank,
N.J. 07701; 732-224-0500; fax: 732-741-2266
Gross premiums $44,176,011 $47,444,768
Non-admitted $25,008,445 $29,148,339
Commercial risks 57% 61%
Net premiums $26,777,506 $27,781,935
Paid-in capital $4,200,000 $4,200,000
surplus $34,339,067 $28,713,391
Employees 51 45
Combined ratio 1 105.6% 158.7%
Combined ratio 2 105.6% 158.7%
Net income $3,790,790 $(7,091,697)
Best's rating A- AS&P's rating A NA
Figures reported on a pooling basis.
Parent: Markel Corp.
Specialties: General liability, product liability.
Subsidiaries: Carlisle Insurance Co.
Approved non-admitted in: All states, excluding New Jersey, New York and Vermont.
Admitted in: New Jersey, New York.
Officers: Jeremy D. Cooke, president/CEO; Rodney Ayer, senior vp; Raymond J. Steer Jr., vp/controller/treasurer; Peter DeJesso, vp/manager; Joseph Savarese, vp.
Contact: Raymond J. Steer Jr.