NYMAGIC Affiliate to Write Smaller Surplus Lines Risks in New York

July 26, 2007

Southwest Marine and General Insurance Co., an affiliate of NYMAGIC, Inc., said it has been approved by the Excess Lines Association of New York (ELANY) to write surplus lines business in the state of New York.

Another NYMAGIC subsidiary, New York Marine And General Insurance Co. is already authorized to write property, casualty and professional liability business in the New York Free Trade Zone. Southwest Marine and General will focus on smaller property, casualty and professional liability risks that do not qualify for the New York Free Trade Zone.

NYMAGIC, INC. is an insurance holding company whose property and casualty insurance subsidiaries specialize in underwriting ocean marine, inland marine and non-marine liability insurance, and whose agency subsidiaries specialize in establishing markets for such business. The company maintains offices in New York and Chicago.

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