Historical Information:

The Company was incorporated on March 15, 1989, under the laws of New York State and commenced operation on March 2, 1990. The company was only licensed to write business in New York State and specialized in underwriting commercial property packages of liability and fire coverage's. Overall earnings were poor and underwriting income was marginal compared over a five year period with peer group norms. The company was placed into liquidation July 9, 1998.