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Ullico Inc. has announced that its property and casualty insurance subsidiary, Ullico Casualty Group, Inc., now may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Company, a Markel company.  The $10 million increase in coverage is available as excess to the fiduciary liability primary form. 

“The increase in limits is testament to the success of our partnership with Alterra America,” commented William K. Cavanagh, president of Ullico Casualty Group.  “Our professional liability program had a great year in 2014.  We retained over 96 percent of business, wrote over $5.1 million in new business, and effectively managed our loss ratios. We have proven ourselves to Alterra America and Markel, two strong and respectable companies, so we may further develop our alliance.”

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