WE ARE HAPPY TO ADVISE THAT WE HAVE ADDED UPPER HUDSON NATIONAL INSURANCE COMPANY TO THE GROWING NUMBER OF COMPANIES THAT ARE WRITING SURETY BUSINESS WITH US.

UPPER HUDSON NATIONAL INSURANCE COMPANY IS A NEW YORK DOMICILED ADMITTED INSURANCE COMPANY LICENSED IN 16 STATES.

THE REASON THIS IS A STRONG MATCH FOR US IS THAT WE SHARE THE SAME UNDERWRITING PHILOSOPHY.  WE BOTH TAKE A FLEXIBLE APPROACH WHICH SEEKS TO GET BEHIND THE NUMBERS SO AS TO PLACE A HIGHER  VALUE ON EXPERIENCE, MANAGEMENT SKILLS, TRACK RECORD AND ORGANIZATION.

THE COMPANY CAN TRACE ITS ROOTS TO JULY 4th 1825, OVER 175 YEARS AGO, WITH THE ORGANIZATION OF THE INDEMNITY MARINE ASSURANCE COMPANY, LIMITED, WHICH WAS FORMED UNDER THE LAWS OF THE UNITED KINGDOM.  A UNITED STATES BRANCH WAS ESTABLISHED IN 1889 UNDER THE LAWS OF THE STATE OF NEW YORK.  IN 1968, FINANCIAL CONTROL WAS TRANSFERRED TO ITS ULTIMATE PARENT COMPANY, THE COMMERCIAL UNION ASSURANCE COMPANY, LIMITED, OF LONDON, ENGLAND.  ON DECEMBER 27, 1973, THE UNITED STATES BRANCH WAS DOMESTICATED INTO A NEWLY FORMED DOMESTIC INSURER, THE MARINE INDEMNITY INSURANCE COMPANY OF AMERICA.  FINANCIAL CONTROL OF THE COMPANY WAS LATER ACQUIRED BY ROYAL & SUN ALLIANCE, IN 1990.

IN 2006, UPPER HUDSON HOLDINGS ACQUIRED THE COMPANY AND CHANGED ITS NAME FROM MARINE INDEMNITY TO UPPER HUDSON NATIONAL INSURANCE COMPANY.

UPPER HUDSON NATIONAL INSURANCE COMPANY HAS RECEIVED AN “A” FINANCIAL STABILITY RATING (FSR) FROM DEMOTECH.  WHAT DOES THIS MEAN?  WELL, ACCORDING TO DEMOTECH, “IN OUR OPINION, UNDERWRITERS EARNING AN (FSR) OF “A” HAVE EXCEPTIONAL ABILITY TO MAINTAIN LIQUIDITY OF INVESTED ASSETS, QUALITY REINSURANCE, ACCEPTABLE FINANCIAL LEVERAGE AND REALISTIC PRICING WHILE SIMULTANEOUSLY ESTABLISHING LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES AT REASONABLE LEVELS”.

THEY ARE IN THE PROCESS OF BECOMING T-LISTED.