Atlantic Specialty Insurance Company
Atlantic Specialty Insurance Company is a Fire & Casualty insurance company and has assets of $66,158,315. The president of Atlantic Specialty Insurance Company is Andrew Coleman Carnase.
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Written by
Chelsey Tucker
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Reviewed by
Daniel Walker
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UPDATED: May 19, 2022
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Types of Insurance Offered
- Airplane Insurance
- Auto Insurance
- Boat Insurance
- Business Insurance
- Health Insurance
- Home Insurance
- Prepaid Legal Insurance
Atlantic Specialty Insurance Company was incorporated in 1986, originally as Atlantic Reinsurance Company under the law of the State of New York. The company was organized as a wholly-owned subsidiary by Atlantic Mutual Insurance Company. However, Atlantic Reinsurance Company discontinued its operations in 1993. Later in 1995, it changed its name to Atlantic Specialty Insurance Company, effectively ceasing the initial reinsurance business. Since 2004, Atlantic Specialty Insurance Company has been a subsidiary of One Beacon Insurance Group.
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Atlantic Specialty Insurance Company Main Lines of Business
Atlantic Specialty Insurance Company conducts its insurance underwriting along the following 4 lines of business:
*commercial multi-peril (the marine line), 56.7%
*commercial auto liability, 13%
*auto physical damage, 13.7%
*private passenger auto liability, 10%
Note: data are one-year statistics from historical operations, but nevertheless representative.
From the balance of its services, the company also provides fire and other casualty insurance.
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Operations via Regional Offices
The company divides each line of business into territories among several regional offices. Each regional office, along with its branch offices, underwrites policies and settles claims in its assigned territory. The company had, at one time, an agency force consisting of approximately 1,000 independent agents and 200 brokers, while it held licenses in 38 states and the District of Columbia.
Atlantic Specialty Insurance Company Additional Information
Atlantic Specialty Insurance Company is a stock company that was incorporated on 6-27-1986. Atlantic Specialty Insurance Company is a Fire & Casualty insurance company and has assets of $66,158,315, capital of $9,000,000, and a net surplus of $40,986,747.
The president of Atlantic Specialty Insurance Company is Andrew Coleman Carnase. Atlantic Specialty Insurance Company insurance plans include airplane, auto, boat, business, health, home, and prepaid legal.
Atlantic Specialty Insurance Company is located in Canton, MA and the phone number for Atlantic Specialty Insurance Company’s claims, customer, service, and additional information is (781) 332-7000.
Atlantic Specialty Insurance Company Insurance Quotes
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