The most significant of the carriers is Bermuda-based surplus lines company Ironshore Insurance Ltd, which brings nearly $1 billion in equity capital and will cover commercial risk with wind exposures in the coast states, where catastrophes are more likely to occur.
The other carriers include: Delaware-based Praetorian Specialty Insurance Company; UK-based Arch Insurance Company Ltd; Modern USA Insurance Company; Olympus Insurance Company, American Keystone Insurance Company; and Privelege Underwriters Reciprocal Exchange, Inc.