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American Eagle Group, Inc. is an insurance holding company that, through its subsidiaries, markets and underwrites specialized property and casualty coverages in the general aviation and private yacht insurance markets. During 1996, American Eagle also marketed and underwrote coverages for selected types of artisan contractors and local and intermediate-haul truckers. The Company has organized its business into three divisions. The Aviation Division, which is responsible for all aviation-related business, generated $108.7 million of gross premiums produced in 1996. The Property and Casualty Division, which is responsible for the artisan contractor business and the run-off of the trucking and auto dealer business, generated $35.9 million of gross premiums produced in 1996. The Marine Division, which is responsible for all yacht business, generated $6.6 million of gross premiums produced in 1996.
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