Alliance National Insurance increases Surplus 25% for 2014

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Alliance National Insurance increases Surplus 25
for 2014
1888 Press Release - Net Income increases while
reserves are strengthened. Fort Washington, PA -
Alliance National Insurance Company(ANIC)
announced today that it has increased
policyholder surplus by 25 for the year ending
2014 to 7.2m. In addition, direct written
premiums increased 34 to fuel a 2.1m increase
in net income. This allowed senior management to
voluntary strengthen its loss reserve
position. Alliance National's president and CEO,
H. James Agnew said "as a boutique carrier, any
swing in market conditions has an immediate
impact on our financial position. We have been
able to implement a very disciplined approach to
underwriting. In addition, by electing to
increase IBNR at year end we believe that this
approach will allow us to weather the
volatility." Eric Bossard, co-founder and
principal of Alliance National added "as we
continue to expand and educate our broker market
regards our appetite we are receiving more
quality opportunities. These accounts demand a
level of service that is not provided by all
markets. I am glad we are on this short list.
" Alliance National celebrated 100 years of
being in business on April 15, 2014. ANIC,
formally known as UMI Insurance Company, is
domiciled in New York State. The Company is fully
capitalized and licensed to write PC insurance
in New York, New Jersey and Pennsylvania. As a
specialty underwriter experienced in Alternative
Risk Transfer (A.R.T.) insurance programs,
Alliance National brings together a strong team
of professionals well versed in SIR's, offshore
and onshore ART structures, reinsurance treaties,
facultative reinsurance and securitization
facilities.
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Should you have an opportunity and want to speak
with a live insurance professional please contact
Eric Bossard at ebossard ( _at_ ) alliancenatl dot
com or 610-242-2000 dot http//www.alliancenatl.
com