NYMAGIC, INC.

NYMAGIC Shareholders OK Merger

November 23, 2010 - Shareholders of NYMAGIC approved its acquisition by ProSight Specialty Insurance Holdings Inc. at a special meeting yesterday, clearing the way for the insurance holding firm to become part of...
https://www.insurancejournal.com/news/east/2010/11/23/115124.htm

Business Moves

August 2, 2010 - Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer's national...
https://www.insurancejournal.com/magazines/features/2010/08/02/159945.htm

NYMAGIC’s Ratings ‘Unchanged’ Says Best by ProSight Acquisition

July 16, 2010 - A.M. Best Co. has commented that the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of New York Marine Group and its members and the ICR of '"bbb'" of its...
https://www.insurancejournal.com/news/national/2010/07/16/111649.htm

ProSight to Acquire NYMAGIC

July 15, 2010 - New York-based specialty insurer NYMAGIC will be acquired by ProSight Specialty Insurance Holdings Inc. The deal is worth approximately $230 million, with stockholders receiving $25.75 per share in...
https://www.insurancejournal.com/news/east/2010/07/15/111606.htm

IASA Elects Glatfelter’s Lowenthal as President

July 9, 2010 - The Insurance Accounting and Systems Association Inc. (IASA) has elected Craig S. Lowenthal as president of the association. Lowenthal, a social media strategist for Pennsylvania-based Glatfelter,...
https://www.insurancejournal.com/news/east/2010/07/09/111430.htm

Best Affirms NYMAGIC Group, Subsidiaries Ratings; Outlook Stable

June 10, 2010 - A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of New York Marine Group. The ratings also apply to the two members of the...
https://www.insurancejournal.com/news/national/2010/06/10/110637.htm

NYMAGIC Appoints 2 Senior Officers

August 18, 2009 - NYMAGIC appointed Tim McAndrew and Ed Skoch to senior executive positions within its Mutual Marine Office Inc. subsidiary. McAndrew has been appointed executive vice president and chief...
https://www.insurancejournal.com/news/east/2009/08/18/103090.htm

Business Moves

October 6, 2008 - Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its...
https://www.insurancejournal.com/magazines/business-moves/2008/10/06/157016.htm

Business Moves

October 6, 2008 - Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its...
https://www.insurancejournal.com/magazines/business-moves/2008/10/06/157040.htm

NYMAGIC Builds Surplus Lines Brokerage Network

September 15, 2008 - NYMAGIC, Inc. reported that its MMO Agencies unit has begun to write new business through 10 offices of surplus lines agents in Florida, New York, New Jersey and Kentucky, and that it expects to...
https://www.insurancejournal.com/news/east/2008/09/15/93692.htm

Business Moves

December 23, 2007 - OneBeacon, Southern Marine & Aviation OneBeacon Insurance Group announced an agreement with Houston-based Southern Marine & Aviation Inc. to represent OneBeacon's International Marine Underwriters...
https://www.insurancejournal.com/magazines/business-moves/2007/12/23/155278.htm

Business Moves

December 23, 2007 - OneBeacon, Southern Marine & Aviation OneBeacon Insurance Group announced an agreement with Houston-based Southern Marine & Aviation Inc. to represent OneBeacon's International Marine Underwriters...
https://www.insurancejournal.com/magazines/business-moves/2007/12/23/155326.htm

NYMAGIC Ends Program Management Pact with Southern Marine & Aviation

November 29, 2007 - NYMAGIC, Inc. said it is terminating its program management agreement with Southern Marine & Aviation (SM&A) on Jan. 1, 2008. Under the program management agreement, which commenced in August,...
https://www.insurancejournal.com/news/east/2007/11/29/85312.htm

Surplus lines industry sees a flurry of M&As in 2007 despite softening market

September 24, 2007 - The surplus lines market continues to be the insurance industry's most dynamic sector. Despite softening market conditions, and more recently the subprime lending crisis, it continues to thrive....
https://www.insurancejournal.com/magazines/features/2007/09/24/154826.htm

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...
https://www.insurancejournal.com/news/east/2007/07/26/82064.htm

Business Moves

July 23, 2007 - Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of...
https://www.insurancejournal.com/magazines/business-moves/2007/07/23/154412.htm

NYMAGIC, CRM Part Ways on Excess Workers’ Comp Business

July 2, 2007 - Insurance holding company NYMAGIC, Inc. reported it has closed on an agreement with workers compensation services firm CRM Holdings, Ltd. to have CRM assume almost all of the excess workers'...
https://www.insurancejournal.com/news/national/2007/07/02/81377.htm

Ratings Roundup: NY Marine (NYMAGIC); Sooner

June 13, 2007 - A.M. Best Co. has affirmed the financial strength rating (FSR) of "A" (Excellent) and the issuer credit ratings (ICR) of "a" of New York Marine Group and its members, New York Marine And General...
https://www.insurancejournal.com/news/national/2007/06/13/80794.htm

Lowenthal Joins NYMAGIC

April 10, 2007 - NYMAGIC, Inc. has appointed Craig S. Lowenthal as senior vice president and chief information officer. Lowenthal has been a technology professional in the insurance industry for more than 19 years....
https://www.insurancejournal.com/news/east/2007/04/10/78597.htm

Intellectual Property Insurance Ups Available Limits to $5 Million

March 29, 2007 - Intellectual Property Insurance Services Corp. (IPISC) now has policy limits available up to $5 million per claim and in the aggregate. This is an increase from available limits of $3 million. With...
https://www.insurancejournal.com/news/national/2007/03/29/78216.htm