This excerpt taken from the MXGL 10-K filed Feb 17, 2005.
In 2003, we began offering excess liability and professional lines insurance products, primarily to Fortune 1000 clients. Our excess liability products are excess umbrella liability insurance, excess product liability insurance, excess medical malpractice insurance and excess product recall insurance. Our professional lines products include directors and officers insurance, errors and omissions insurance and employment practices liability insurance. Our insurance products are underwritten in Bermuda and Ireland. In September 2004, we began offering property insurance to the same client base to which we offer our casualty insurance products.
We underwrite our insurance products on an individual risk basis, which, in many cases, includes holding an in-person meeting with the client in Bermuda or Ireland. Excess liability, professional liability and property premiums accounted for 54.8%, 44.3% and 0.9%, respectively, of the gross premiums written for traditional insurance products during the year ended December 31, 2004 and is approximately consistent with the premium exposure written in the year ended December 31, 2003.