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The Western World Insurance Group of companies, with its office in Franklin Lakes, New Jersey, is primarily composed of three operating insurance companies: Western World Insurance Company, and two insurance subsidiaries, Tudor Insurance Company and Stratford Insurance Company, all domiciled in New Hampshire.
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The Group offers commercial insurance products on a surplus lines and specialty admitted basis through appointed wholesale agents and brokers on a nationwide basis. Product offerings include Commercial General Liability, Professional Liability, Product Liability and Commercial Auto coverages. Western World specializes in underwriting classes of business that are not easily placed in the standard insurance market due to their complexity, high hazard, or unusual nature. The Group also offers underwriting facilities for Associations and Affinity Groups through Westco Programs.
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A.M. Best has awarded Western World Insurance Group a rating of A+ (Superior)
Financial Size Category IX and an Issuer Credit Rating of aa- (Superior) (April
2007)*. In 2006, the Group had Written Premium of $287 million and
achieved significant financial milestones with Policyholders’ Surplus of
$272 million, GAAP Shareholder's Equity of $316 million, and GAAP assets
of $1.345 billion.
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Western World Insurance Group is an underwriting organization. Our strategy is to offer a highly diversified selection of specialty insurance products where underwriting adds value. Our strategy is to focus on wholesale producers as our marketing arm as well as our eyes and ears in local jurisdictions.
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| *For the latest rating, access http://www.ambest.com.
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