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There is a lot going on at Seneca Insurance. We
are constantly looking for new opportunities and ways to add value to our customers and producers.
Facts
- We are a specialty property and casualty insurance company with an
eclectic product mix that reflects our open-minded approach to new opportunities.
Some of our favorite classes of business include:
- Inner-city mercantile
- Vacant properties
- Bankruptcies
- Labor Organizations
- Bail Bonds
- Contract and Surety
- We have the flexibility to write business on either of two legal entities:
- Seneca Insurance Company - an admitted carrier licensed in all
50 states.
- Seneca Specialty Insurance Company - a non-admitted carrier in
49 states.
- As a wholly owned subsidiary of Crum
& Forster and part of the Fairfax
Financial Holdings, Inc., Seneca Insurance has the advantages that
come with being part of a larger organization.
- Seneca is rated A (Class Size VIII) by A.M.
Best Company.
- Our main office is located in downtown New York City and we also have
underwriters in:
- Atlanta,
GA
- Boston,
MA
- Chicago,
IL
- Dallas,
TX
- Denver,
CO
- Greenville,
PA
- Louisville,
KY
- Los
Angeles, CA
- Morristown,
NJ
- Philadelphia,
PA
- Phoenix,
AZ
- Richmond,
VA
Financial Highlights
In 2010, our statutory financial highlights include:
- Surplus is $182 million at December 31, 2010.
- Gross written premium of $142 million.
- Calendar year combined ratio of 86.78%.
- Net income of $26.6 million.
Underwriting Approach
We have experienced and thoughtful underwriting and claims teams - which allow us to take a creative approach
to providing insurance solutions:
- We prefer lines of business that require underwriting and claims expertise - and that are normally
avoided by the main street insurance companies.
- We will consider insuring a wide range of business classes - assuming that we can understand
the business, underwrite the risk and handle the claims - and have confidence that we can make an
underwriting profit.
- We are flexible with respect to size of account, production source, admitted or non-admitted paper,
billing options and the ability to use manuscript terms.
- We are conservative with respect to catastrophe risk. Although we do write catastrophe prone businesses,
we carefully monitor and limit our aggregate exposures.
- We believe that we do a more thorough job of underwriting, claims adjusting and loss control than our
competitors on the business for which we compete. As a result, we can use more underwriting judgment on
difficult accounts to find a way to profitably underwrite them.
Our consistency in underwriting approach - and in our performance - gives our customers and producers long term confidence.
New Opportunities
We hope this provides a good description of Seneca Insurance, and certainly welcome future business opportunities.
If you are an underwriter or a producer with a business plan - or a good idea - and want to develop it into a business,
feel free to contact any of us.
Gary Dubois - President
(212) 444-4001
gdubois@senecainsurance.com
Marc Wolin - Chief Operating Officer
(212) 277-1958
mwolin@senecainsurance.com
Keith
McCarthy - Senior Vice President (Standard Lines)
(212) 344-3000
kmccarthy@senecainsurance.com
Ellen O'Connor - Senior Vice President (Inland Marine & Custom Property)
(212) 277-3524
eoconnor@senecainsurance.com
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