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Bids Invited for Shares of Lumbermens Subsidiary

Friday, September 15, 2017 | 463 | 0 | 0 min read

The Office of the Special Deputy Receiver in the Illinois Department of Insurance has issued an invitation for bids to buy all shares of stock of Specialty Surplus Insurance Co., a subsidiary of Lumbermens Mutual Casualty Co., which is in liquidation. According to the invitation, Lumbermens bought Investors Insurance Co., a New Jersey- domiciled stock property and casualty company, from Markel Corp. in January 2000. Lumbermens changed the name of the company to Specialty Surplus Insurance Co. Lumbermens caused SSIC to be re-domiciled in Illinois as a stock property and casualty company in Apr...

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