Majestic Capital, Ltd.
MAJCQ
Other OTC0.00
USD
- -
- -
ISIN
BMG5760D1112
Return %
Stock
S&P500
1Y
200.00
26.53
3Y
200.00
76.60
5Y
-94.12
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- James Scardino
- Full Time Employees
- 150
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- PO Box HM 2062 Hamilton Bermuda
- IPO Date
- Dec 21, 2005
- Website
- majestic-capital.uk
- Similar Companies
- Business
- Majestic Capital, Ltd. (MAJCQ) is a Bermuda-based holding company that, through its subsidiaries, provides workers' compensation insurance products and related services. The company underwrites primary workers' compensation insurance policies through independent brokers and agents to employers of various sizes; offers excess and frequency coverage policies to self-insured entities; and underwrites workers' compensation reinsurance from Bermuda. It also delivers fee-based management services, including general management, underwriting support, risk assessment, regulatory compliance, safety and loss control, and claims management, primarily to self-insured groups in New York and California. Majestic targets industries such as transportation, healthcare, wholesale and retail, manufacturing, hospitality, contractors, colleges, and universities. Its insurance coverage extends to employers in states including Alaska, Arizona, California, Florida, Hawaii, Idaho, Illinois, Montana, Nevada, New Jersey, New Mexico, New York, Oregon, Utah, Virginia, and Washington. Founded in 1999 and headquartered in Hamilton, Bermuda, the company formerly operated as CRM Holdings, Ltd., changing its name in May 2010. In recent years, Majestic Capital filed for voluntary Chapter 11 bankruptcy protection on April 29, 2011, in the U.S. Bankruptcy Court for the Southern District of New York, alongside affiliates including Majestic USA Capital, Inc. and Compensation Risk Managers, LLC; a joint liquidation plan was confirmed on April 27, 2012. The company voluntarily delisted its shares from Nasdaq around that period following delays in financial reporting and a failed merger with Bayside Capital Partners LLC in March 2011. No significant operational activities, acquisitions, funding, or new product launches have occurred since its bankruptcy proceedings.