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Clearwater Insurance Company

CropUSA Insurance Agency, Inc. has entered into a strategic alliance for the 2007 crop year with Clearwater Insurance Company, a member of the Hudson Insurance Group and a subsidiary of Odyssey Re Holdings Corp.  OdysseyRe operates globally, through four divisions and 15 offices, and is supported by over $2 billion of policyholder surplus.

Clearwater Insurance Company is rated “A” (Excellent) XV by A.M. Best and is a widely-licensed insurance company with over $600 million in policyholder surplus.  Other companies in the Hudson Insurance Group are Hudson Insurance Company and Clearwater Select Insurance Company which, along with Clearwater Insurance Company, operate as admitted carriers.  The fourth member of the group, Hudson Specialty Insurance Company, operates predominantly on a non-admitted basis.

Clearwater Insurance Company, with CropUSA as its managing general underwriter, was approved by the RMA to sell multiple peril crop insurance and has received a Standard Reinsurance Agreement (SRA) for the 2007 crop year.  Clearwater Insurance Company and CropUSA will also market other crop insurance products, including crop hail and named peril crop insurance.