Crum & Forster given okay to restructure, recapitalize.

National Underwriter Property & Casualty-Risk & Benefits Management, September, 1993 by Gilbert, Evelyn

The insurance departments of all 15 states in which Crum and Forster companies are domiciled have approved the recapitalization and legal restructuring of the company's insurance operations into stand-alone operating groups, the Xerox-owned insurer announced last week. Crum and Forster Inc.

is also changing its name to Talegen Holdings Inc., but will continue to be headquartered in Morristown, N.J. Late last year, Crum and Forster realigned its insurance operations into seven business units, each of which focuses on a specific segment of the property-casualty insurance market, according to a company representative, Leslie Thurston. "The realignment we did at the end of last year didn't affect the companies as legal entities," said Ms. Thurston. "This...

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