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Another NYMAGIC subsidiary, New York Marine And General Insurance Company is already authorized to write property, casualty and professional liability business in the New York Free Trade Zone.
NYSE: NYM) reported today that its wholly-owned subsidiary, New York Marine And General Insurance Company, will continue writing a book of excess workers' compensation insurance through Midlands Management Company ("MMC"), and that its previous reinsurance agreement with Twin Bridges, Ltd.
NYMAGIC was formed in 1989, operates through two additional insurance subsidiaries, New York Marine and General Insurance Company (NYM) and Gotham Insurance Company (Gotham), as well as three agency subsidiaries, Mutual Marine Office, Inc.
Best") in a report dated May 30, 2003 reaffirmed its "A" (Excellent) rating for NYMAGIC's insurance company subsidiaries New York Marine And General Insurance Company and Gotham Insurance Company.
NYMAGIC provides marine and other specialty insurance coverage through its two insurance subsidiaries, New York Marine and General Insurance Company and Gotham Insurance Company.