o September 1998: Board announced review of strategic alternatives.
o January 2000: Reported year-end 1999 reserve strengthening for California workers' comp of $32 million, pre-tax.
o March 2000: Founded Trident, a managing general agency, specializing in providing risk management solutions to small and midsized public entities.
o January 2001: Reported year-end reserve strengthening for California workers' comp business of $39 million, pre-tax
o April 2001: Filed amended 10-K reporting workers' comp reserve increase of $124 million for year-end 2000.
o August 2001: Acquired Front Royal and its operating subsidiaries, Colony and Rockwood, for $165 million.
o November 2001: Acquired two subsidiaries of nonstandard auto writer, Queensway Financial Holdings.
o April 2002: Bought renewal rights of Fulcrum Insurance Company from SCOR Group.
o January 2003: Bought renewal rights of large risk national accounts from Kemper Insurance.
o March 2003: Reported year-end reserve increase of $52.8 million, after-tax, for asbestos; announced reorganization and job cuts; HCC invested $58 million to boost depleted capital.
o November 2003: Acquired renewal rights of public entity business of Coregis Group from GE Capital.
o April 2005: Acquired renewal rights of the binding authority business of Interstate Insurance Company, a subsidiary of Fireman's Fund, which later became Colony's Denver operation specializing in commercial auto business.
o Second-quarter 2005: Argonaut Specialty commenced operations, targeting E&S risks more complex and commanding higher premiums than Colony, and providing insurance through roughly 30 appointed E&S wholesaler brokers.
o August 2005: Sold renewal rights to most of its risk management business to XL America.
o April 2006: Reported year-end results with over $1 billion gross premium milestone reached.
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