  News & InfoA.M. Best Assigns Ratings to Lightyear Delos Group financial strength rating (FSR) of A- (Excellent) Delos Insurance Forms Naxos, a New Excess & Surplus Company NEW YORK — April 16, 2007 — Delos Insurance Company, a leader in program business, has created a new excess and surplus (E&S) lines company which will be a wholly-owned subsidiary of Delos. The new entity, Naxos Insurance Company, will add significant value to the company’s current business platform by providing more flexibility, additional capacity and innovative underwriting. Operations at Naxos will be managed under terms of an agreement with Delos. Delos Insurance to deploy Q.KNOW for managing deal-related documentation NEW YORK - September 28, 2006 - Q.Know Technologies Inc., a global provider of advanced information management software, announced today that it has signed Delos Insurance Company as its latest client. Program business insurer, Delos Insurance Company, is an admitted insurance carrier in all 50 states and the District of Columbia, with an A.M. Best financial rating of A- (Excellent) for its financial strength and stability. Delos Insurance Company Signs Agreement With FirstComp; Delos Expands into Workers' Compensation NEW YORK--(BUSINESS WIRE)--Sept. 12, 2006--Program business insurer Delos Insurance Company announced today that it has entered into a program management agreement with FirstComp Underwriters Group, Inc. ("FirstComp"), making the Omaha-based monoline workers' compensation group the first addition to Delos's program portfolio after the completion of their acquisition by Lightyear Capital. Delos Insurance Names Grace Meek Chief Business Officer NEW YORK--(BUSINESS WIRE)--Sept. 5, 2006--Delos Insurance, formerly Sirius America, announced the hiring of Grace Meek, CPCU, as Chief Business Officer. In this newly created position, Meek will work directly with Delos Chairman, Dr. Detlef Steiner and CEO, Bill Davis to execute the company's strategic business plan, focused exclusively on program business. Sirius America Changing Name to Delos Insurance Group and Expanding Operations NEW YORK--(BUSINESS WIRE)--Aug. 7, 2006--Program business insurer Sirius America today announced that, following the completion of its acquisition by an investor group led by Lightyear Capital, the company is being renamed Delos Insurance Group, and will conduct all operations under the Delos brand when regulatory approval is complete. Investor Group Led by Lightyear Capital Completes Purchase of Sirius America NEW YORK, NY(August 3, 2006) - Lightyear Capital LLC ("Lightyear"), a private equity firm focused on financial services, announced today that it has closed the acquisition of program specialty insurance provider Sirius America Insurance Company ("Sirius" or the "Company") from White Mountains Insurance Group (NYSE: WTM) ("White Mountains"). White Mountains Re Agrees to Sell Sirius America to Investor Group Led by Lightyear Capital HAMILTON, Bermuda, April 12 /PRNewswire-FirstCall/ -- White Mountains Re Group, Ltd., a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), today announced that it had agreed to sell its Sirius America subsidiary to an investor group led by Lightyear Capital. As part of the transaction, White Mountains will acquire an equity interest of approximately 18% in the acquiring entity.   |
