There's a new kid on the program business underwriting block with some very old money behind it.
Praetorian Financial Group Inc. will take over some of the prime program business from Clarendon Insurance Group Inc. while exploring new programs involving niche automobile risks and other unusual covers such as those protecting the health of pets, art collections and mobile phones.
Clarendon will focus on 200 programs that will be terminated as well as commodity business that will fall outside of Praetorian's realm.
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