American Independence Corp. (NASDAQ: AMIC) is an insurance holding company specializing in health insurance. We are comprised of an insurance company, Independence American Insurance Company (“Independence American”), a brokerage organization, Independent Producers of America, and a general underwriter (“MGU”) division. Our MGU Division consists of Marlton Risk Group and Risk Assessment Strategies. AMIC is headquartered at 485 Madison Avenue, New York, New York. Since November 2002, AMIC has been affiliated with Independence Holding Company (NYSE : IHC), which owns 48 percent of AMIC’s stock. IHC’s senior managers (who also manage AMIC) have been recognized as innovators in the insurance industry for over 40 years.

Alleghany's subsidiaries include Capitol Transamerica (property/casualty, fidelity, and surety insurance) and RSUI Group, an underwriter of wholesale specialty insurance. It distributes its insurance products through independent insurance brokers in the US. Its Pacific Compensation Corp handles workers' compensation insurance in California. Alleghany also has commercial and residential real estate interests in California.

SECURA offers a range of personal and commercial property/casualty insurance, including auto, homeowners, and farmowners lines throughout the Midwest. It also provides specialty coverage for the manufacturing, restaurant, and service industries. Nearly two-thirds of the company's business is commercial. Some 400 independent agencies market the company's products. The mutual firm does business in Arizona, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota, Pennsylvania, and Wisconsin; it has one office each in Wisconsin and Michigan. SECURA was founded in 1900 as The Farmers Home Mutual Hail, Tornado, and Cyclone Insurance Company.

SCF Arizona is the leading provider of Arizona workers’ compensation insurance. Founded in 1925, SCF has nearly 35,000 policyholders and covers more than 50 percent of all businesses working in Arizona.As a leading advocate of workplace safety, SCF is proactive in keeping Arizona’s workers' compensation rates among the lowest in the nation. SCF covers only businesses operating in Arizona and has offices in Flagstaff, Lake Havasu City, Phoenix, Prescott, Show Low, Tucson and Yuma.

Alliant Insurance Services' specialty is commercial and specialty insurance. The company brokers multi-line commercial property/casualty insurance, as well as surety bonds and employee benefits through more than 30 offices scattered across the US and in Canada. Offering several specialty programs, the company operates a large public entity business, and it has expertise in providing insurance for energy and health care companies, tribal nations, law firms, and the real estate and construction industries

Insurance Marketers Inc was founded in 1987 by Evarist Milian Jr., who began operating by marketing employee benefits products. In 1991, the agency diversified into all lines of insurance and since has enjoyed a consistent growth well over 25% per year. IMI is an elite insurance agency in the State of Florida which is committed and specialized in asset protection and Risk Management consulting. We are deeply embedded in our community and committed to offer our customers the best possible innovative insurance solutions along with professionalism and integrity. IMI is motivated by a strong sense of ethics and responsibility to you, our clients.

Lancashire Holdings Limited property insurance and reinsurance operations (nearly half of sales) insure damage to residential, commercial, manufacturing, government, and other structures. Its energy segment specializes in worldwide offshore property damage, business interruption, and construction insurance to the upstream and downstream energy industries. Lancashire also offers marine, aviation, terrorism, and political risk (including war) coverage. The company -- which relies on brokers to sell its products in more than 30 countries around the world -- has underwriting offices in Bermuda and London, and a marketing office in Dubai.

SCOR Reinsurance is an insurer's insurer. The company is the American arm of French firm SCOR and covers other insurers against large losses such as hurricanes and earthquakes. It is also licensed to write a wide array of both life insurance and property/casualty insurance such as accident, burglary and theft, health, aircraft liability, fire, forgery, hail, ocean marine, and auto liability. North American premiums account for for about a quarter of the total premiums collected by the parent company. SCOR Reinsurance is now part of the SCOR Americas hub that oversees SCOR activities from Toronto to Rio de Janiero.

Rain and Hail Insurance Service is among the largest crop insurers; it is an underwriter for multiple lines of insurance for agents and rural policyholders in Canada and the US. Covering family farms to corporate farms its products run the gamut from low farm revenue to agribusiness risk management, from crop hail insurance to livestock risk protection. The company also provides claims adjusting and accounting services. It operates about 10 divisional offices across the US, as well as in Canada. Rain and Hail has agreed to be acquired by ACE Limited, which already holds 20% of the company's stock.

Texas Lawyers' Insurance Exchange was organized in 1978 as a Texas reciprocal insurance exchange and began operations in 1979 under the sponsorship of the State Bar of Texas Insurance Trust. Prior to 1978, Texas lawyers were experiencing significant difficulty obtaining legal malpractice coverage at reasonable rates. Consequently, the Board of Directors of the State Bar of Texas and the Insurance Trust approved a plan for the organization of an insurance carrier devoted to writing professional liability insurance for Texas lawyers.

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