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N.Y. Regulators Target CRM License
04/17/2008
Holdings which provides products for workers' compensation risk
management.
CRM Holdings acts as a broker for excess coverage and surety bonds. The parent company also owns reinsurer Twin Bridges and writes direct worker's compensation coverage in California Washington State and Alaska through
Category: News
CRM Reports 35% Increase in Net Income
11/08/2006
CRM Holdings Ltd. on Tuesday reported a 35 increase in net income for the third quarter of 2006.
The company also announced that the California Department of Insurance has granted approval for it to proceed with the acquisition of Embarcadero Insurance Holdings Inc. and its subsidiary
Category: News
A.M. Best Drops Credit Watch for Majestic Insurance
07/21/2008
A.M. Best on Friday removed Majestic Insurance Co.'s financial strength rating from "under review" status and affirmed an A- Excellent rating for the California based carrier.
"The rating reflects Majestic's improved risk-adjusted capitalization following the implementation of a capital re
Category: News
CRM Holdings Has Record Quarter
05/10/2006
CRM Holdings Ltd. a reinsurer and manager of workers' compensation self-insurance trusts in New York and California announced record financial results for the first quarter.
Net income was up 218 to 3 million against year-ago quarterly results. Total revenue reached 14.8 million up 59
Category: News
CRM Enters Quota Share Agreement with AmTrust
04/09/2010
CRM Holdings announced Thursday that its primary insurance subsidiary San Francisco-based Majestic Insurance Co. has entered into a quota share agreement with subsidiaries of AmTrust Financial Services covering the writing management and administration of workers' compensation insurance in
Category: News
N.Y. Licenses Majestic Insurance to Write Comp
01/02/2007
Majestic Insurance Co. recently received a license to write workers' compensation policies in New York state the carrier's parent announced.
CRM Holdings recently bought Majestic Insurance Co. which is now licensed in 16 states. New York granted licensing approval on Dec. 18 CRM Holdings
Category: News
Majestic Moves Up in A.M. Best Financial-Size Categories
09/04/2008
Majestic Insurance Co. has moved up a notch in A.M. Best's financial-size category the California-based carrier's parent corporation CRM Holdings announced Wednesday.
A.M. Best increased Majestic's financial size category to VIII from VII CRM said. Category VIII designates companies whose
Category: News
CRM : Wreaking Bi-Coastal Havoc in Self Insurance
12/13/2010
By Jon CoppelmanLynch Ryan & AssociatesYou may recall the New York saga of Compensation Risk Managers CRM who single-handedly brought down the entire workers' comp self-insurance group SIG industry in the Empire State. Well CRM is back in the news this time in
Category: Industry Insights
CRM Execs Collected $42M from Stock Sales While Trusts Faltered
09/09/2009
self-insured groups in California through Compensation Risk Managers of California. It also owns California-based workers' compensation carrier Majestic Insurance Co. and Bermuda reinsurer Twin Bridges.
CRM withdrew from the market after then-SWCB Chairman Zachary Weiss alleged in a series of
Category: News
Official of Troubled SIG Seeks Release From Lawsuit
12/06/2010
self-insured groups SIGs in California.
CRM is accused of similar misconduct in a lawsuit filed Oct. 28 that names Chahine fellow board member Ronald Hudson and several CRM entities including its affiliated insurance company San Francisco-based Majestic Insurance. The parent company CRM
Category: News
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c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333
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