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.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Fire at Pennsylvania Hospital Forces Evacuation of Dozens of Patients 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
