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Posted on 23 Aug 07
Philadelphia Consolidated Holding Corp. (NASDAQ: PHLY) has announced that National Underwriter Magazine has ranked it 51st on their 2006 Top 100 Property & Casualty Insurance Groups, up from a 57th ranking the previous year. Rankings are based on Net Premiums Written, Growth percentage, and Combined Ratio. PHLY posted growth of 15.9% from 2005 and a 9.7% lower Combined Ratio of 68.4%. Philadelphia Indemnity Insurance Company is ranked 69th among the Top 100 Insurance Companies, up from an 84th ranking.
“We are very proud to again be named to the National Underwriter Top 100,” said James J. Maguire, Jr., President and CEO. “Our improved rankings reflect our continued commitment to profitable growth through underwriting discipline and product differentiation.”
In operation since 1962, PHLY designs, markets, and underwrites commercial property/casualty, personal lines and professional liability insurance products incorporating value added coverages and services for select industries. The Company, whose commercial lines subsidiaries are rated A+ (Superior) by A.M. Best Company, is nationally recognized as a member of Wards Top 50 and Forbes Platinum 400 list of Americas Best Big Companies. The organization has 42 offices strategically located across the United States to provide superior service.
For more information about Philadelphia Insurance Companies , visit their storefront at www.programbusiness.com.
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