GNCN Details

Goran Capital, Inc. operates as the holding company for the Pafco General Insurance Company (Pafco) and Superior Insurance Company (Superior). The company is engaged in the business of underwriting property and casualty insurance through its nonstandard auto group Pafco and Superior. Goran Capital also owns a U.S. insurance holding company, Symons International Group, Inc. (SIG). Goran's other subsidiaries are Granite Reinsurance Company, Ltd. (Granite Re), Granite Insurance Company (Granite), and Symons International Group (Florida), Inc. (SIGF). Granite Re is a specialized reinsurance company that underwrites niche products, such as nonstandard automobile, crop, and property casualty reinsurance; and offers rent-a-captive facilities for Bermudian, Canadian, and U.S. reinsurance companies. Through the rent-a-captive program, Granite Re offers the use of its capital and its underwriting facilities to write specific programs on behalf of its clients. SIGF is primarily engaged in the operation of a property/casualty insurance brokerage and a flood insurance brokerage. The company's nonstandard automobile insurance operations are conducted by SIG and its subsidiaries. The Nonstandard Auto Group offers several policies, which are directed toward different classes of risk within the nonstandard market. The Group offers both liability and physical damage coverage in the insurance marketplace in the states of Florida, California, Virginia, Georgia, Indiana, and Nevada. It markets the nonstandard products exclusively through independent agencies. Competitors for the company include Progressive Casualty Insurance Company, AIG, Allstate, American Financial Group, and GMAC.

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