View this article online: https://www.insurancejournal.com/news/national/2001/01/05/13670.htm
Crum&Forster has acquired from PXRE Corporation its excess and surplus lines subsidiary, Transnational Insurance Company. All pre-acquisition business and liabilities of Transnational, to be renamed Crum & Forster Specialty Insurance Company, have been assumed by PXRE.
Crum & Forster Specialty will focus on unique and unusual classes of business where severity of loss, rather than frequency of transactions, is the inherent risk. Crum & Forster Specialty is expected to be assigned a reinsured group rating of A- (Excellent) Financial Size Category X by A.M.