UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 4)
Under the Securities Exchange Act of 1934*
Capital Trust, Inc.
---------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, Par Value $0.01 Per Share
---------------------------------------------------------------------
(Title of Class of Securities)
14052H100
---------------------------------------------------------------------
(CUSIP Number)
Ira S. Lederman
Senior Vice President - General Counsel and Corporate Secretary
W. R. Berkley Corporation
475 Steamboat Road
Greenwich, Connecticut 06830
(203) 629-3000
---------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Jeffrey S. Hochman, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099
(212) 728-8000
July 30, 2007
---------------------------------------------------------------------
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
--------------------------------------
CUSIP No. 14052H100
--------------------------------------
----------- --------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION
W. R. Berkley Corporation
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
2,885,200*
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
2,885,200*
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,885,200*
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.5%*
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
----------- --------------------------------------------------------------------
* See Items 4 through 6.
SCHEDULE 13D
--------------------------------------
CUSIP No. 14052H100
--------------------------------------
----------- --------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION
Admiral Insurance Company
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
500,000*
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
500,000*
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000*
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%*
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IC, CO
----------- --------------------------------------------------------------------
* See Items 4 through 6.
SCHEDULE 13D
--------------------------------------
CUSIP No. 14052H100
--------------------------------------
----------- --------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION
Berkley Insurance Company
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
913,400*
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
913,400*
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
913,400*
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%*
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IC, CO
----------- --------------------------------------------------------------------
* See Items 4 through 6.
SCHEDULE 13D
--------------------------------------
CUSIP No. 14052H100
--------------------------------------
----------- --------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION
Berkley Regional Insurance Company
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
812,100*
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
812,100*
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
812,100*
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%*
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IC, CO
----------- --------------------------------------------------------------------
* See Items 4 through 6.
SCHEDULE 13D
--------------------------------------
CUSIP No. 14052H100
--------------------------------------
----------- --------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION
Nautilus Insurance Company
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
659,700*
--------- ------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
659,700*
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,700*
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%*
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IC, CO
----------- --------------------------------------------------------------------
* See Items 4 through 6.
This Amendment No. 4 to Schedule 13D ("Amendment No. 4") is being filed on
behalf of W. R. Berkley Corporation, a Delaware corporation ("Berkley"), Admiral
Insurance Company, a Delaware corporation ("Admiral"), Berkley Insurance
Company, a Delaware corporation ("BIC"), Berkley Regional Insurance Company, a
Delaware corporation ("BRIC"), and Nautilus Insurance Company, an Arizona
corporation ("Nautilus" and, together with Berkley, Admiral, BIC and BRIC, the
"Reporting Persons"). Amendment No. 4 relates to shares of Class A Common Stock,
par value $0.01 per share (the "Common Stock"), of Capital Trust, Inc., a
Maryland corporation (the "Issuer"). Amendment No. 4 amends and supplements the
Schedule 13D, dated May 11, 2004 ("Original Schedule 13D"), as filed with the
Securities and Exchange Commission (the "Commission") on May 21, 2004, as
amended by Amendment No. 1 to Schedule 13D, dated June 17, 2004, as filed with
the Commission on June 21, 2004, Amendment No. 2 to the Schedule 13D, dated
September 13, 2004, as filed with the Commission on September 13, 2004 and
Amendment No. 3 to the Schedule 13D, dated July 10, 2007, as filed with the
Commission on July 13, 2007 (together with the Original Schedule 13D, the
"Schedule 13D"), in connection with the purchase of an additional 413,100 shares
of Common Stock of the Issuer.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of Schedule 13D is hereby amended by the addition of the following
information:
The total amount of funds used by the Reporting Persons to purchase the
additional 413,100 securities of the Issuer as described herein was furnished
from the working capital of BIC, BRIC and Nautilus. The total amount of funds
used by the Reporting Persons to purchase the securities of the Issuer as
described herein was approximately $12,900,153.16. BIC contributed approximately
$3,805,183.08, or 29.5%, of the total amount funds. BRIC contributed
approximately $4,139,441.98, or 32.1%, of the total amount of funds. Nautilus
contributed approximately $4,955,528.10, or 38.4% of the total amount of funds.
Item 5. Interest in Securities of the Issuer.
Item 5 of Schedule 13D is hereby amended and restated in its entirety as
follows:
(a) Berkley may be deemed to beneficially own, in the aggregate, 2,885,200
shares of Common Stock, which represents 16.5% of the outstanding Common Stock
of the Issuer.
(b) Since each of the Subsidiaries is either directly or indirectly owned
by Berkley, Berkley has the sole power to vote or to direct the vote and the
sole power to dispose or to direct the disposition of the 2,885,200 shares of
Common Stock it may be deemed to beneficially own.
(c) Information concerning transactions in the securities of the Issuer
effected by the Reporting Persons since the most recent Schedule 13D filing is
set forth on Schedule
7
I to this Schedule 13D and is incorporated by reference. The transactions were
effected in open market transactions on the New York Stock Exchange. Except as
set forth on Schedule I, since the most recent Schedule 13D filing there have
been no other transactions in the Common Stock effected by the Reporting
Persons, nor, to the best of their knowledge, any of the persons set forth on
Schedule II to this Schedule 13D.
(d) Except as set forth in this Item 5, no person other than each
respective record owner of securities referred to herein is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the securities discussed herein.
(e) Not applicable.
8
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: August 1, 2007 W.R. BERKLEY CORPORATION
By: /s/ William R. Berkley
-----------------------------------------
Name: William R. Berkley
Title: Chairman of the Board and Chief
Executive Officer
Dated: August 1, 2007 ADMIRAL INSURANCE COMPANY
By: /s/ Scott R. Barraclough
-----------------------------------------
Name: Scott R. Barraclough
Title: Senior Vice President
Dated: August 1, 2007 BERKLEY INSURANCE COMPANY
By: /s/ Eugene G. Ballard
-----------------------------------------
Name: Eugene G. Ballard
Title: Senior Vice President
Dated: August 1, 2007 BERKLEY REGIONAL INSURANCE
COMPANY
By: /s/ Eugene G. Ballard
-----------------------------------------
Name: Eugene G. Ballard
Title: Senior Vice President
Dated: August 1, 2007 NAUTILUS INSURANCE COMPANY
By: /s/ John M. Runberg
-----------------------------------------
Name: John M. Runberg
Title: Senior Vice President
SCHEDULE I
--------------------------------------------------------------------------------
Trading History
---------------
-------------------- ---------------------------- ------------------------------
Trade Date Quantity Purchased Price Per Share ($)
-------------------- ---------------------------- ------------------------------
7/18/07 600 34.92
-------------------- ---------------------------- ------------------------------
7/18/07 600 34.95
-------------------- ---------------------------- ------------------------------
7/18/07 500 34.97
-------------------- ---------------------------- ------------------------------
7/18/07 1900 34.98
-------------------- ---------------------------- ------------------------------
7/18/07 800 34.99
-------------------- ---------------------------- ------------------------------
7/18/07 2300 35.00
--- ---------------- ---------------------------- ------------------------------
7/18/07 1346 35.02
-------------------- ---------------------------- ------------------------------
7/18/07 1200 35.03
-------------------- ---------------------------- ------------------------------
7/18/07 354 35.04
-------------------- ---------------------------- ------------------------------
7/18/07 3200 35.05
-------------------- ---------------------------- ------------------------------
7/18/07 2900 35.10
-------------------- ---------------------------- ------------------------------
7/18/07 600 35.20
-------------------- ---------------------------- ------------------------------
7/18/07 400 35.24
-------------------- ---------------------------- ------------------------------
7/18/07 100 35.25
-------------------- ---------------------------- ------------------------------
7/18/07 2000 35.50
-------------------- ---------------------------- ------------------------------
7/26/07 100 31.85
-------------------- ---------------------------- ------------------------------
7/26/07 700 31.87
-------------------- ---------------------------- ------------------------------
7/26/07 400 31.90
-------------------- ---------------------------- ------------------------------
7/30/07 200 30.67
-------------------- ---------------------------- ------------------------------
7/30/07 2500 30.68
-------------------- ---------------------------- ------------------------------
7/30/07 400 30.69
-------------------- ---------------------------- ------------------------------
7/30/07 3000 30.70
-------------------- ---------------------------- ------------------------------
7/30/07 3400 30.71
-------------------- ---------------------------- ------------------------------
7/30/07 1800 30.72
-------------------- ---------------------------- ------------------------------
7/30/07 100 30.73
-------------------- ---------------------------- ------------------------------
7/30/07 800 30.74
-------------------- ---------------------------- ------------------------------
7/30/07 11000 30.75
-------------------- ---------------------------- ------------------------------
7/30/07 900 30.82
-------------------- ---------------------------- ------------------------------
7/30/07 200 30.83
-------------------- ---------------------------- ------------------------------
7/30/07 3300 30.85
-------------------- ---------------------------- ------------------------------
7/30/07 500 30.86
-------------------- ---------------------------- ------------------------------
7/30/07 100 30.87
-------------------- ---------------------------- ------------------------------
7/30/07 14800 30.90
-------------------- ---------------------------- ------------------------------
7/30/07 10200 30.91
-------------------- ---------------------------- ------------------------------
7/30/07 1900 30.92
-------------------- ---------------------------- ------------------------------
7/30/07 1000 30.93
-------------------- ---------------------------- ------------------------------
7/30/07 2200 30.94
-------------------- ---------------------------- ------------------------------
7/30/07 33800 30.95
-------------------- ---------------------------- ------------------------------
7/30/07 2300 30.96
-------------------- ---------------------------- ------------------------------
7/30/07 3500 30.97
-------------------- ---------------------------- ------------------------------
7/30/07 7500 30.98
-------------------- ---------------------------- ------------------------------
7/30/07 6300 30.99
-------------------- ---------------------------- ------------------------------
7/30/07 5900 31.00
-------------------- ---------------------------- ------------------------------
7/30/07 2500 31.10
-------------------- ---------------------------- ------------------------------
7/30/07 500 31.15
-------------------- ---------------------------- ------------------------------
7/30/07 500 31.17
-------------------- ---------------------------- ------------------------------
7/30/07 900 31.18
-------------------- ---------------------------- ------------------------------
7/30/07 700 31.19
-------------------- ---------------------------- ------------------------------
7/30/07 60700 31.20
-------------------- ---------------------------- ------------------------------
7/31/07 6000 30.50
-------------------- ---------------------------- ------------------------------
7/31/07 5200 30.54
-------------------- ---------------------------- ------------------------------
1
-------------------- ---------------------------- ------------------------------
Trade Date Quantity Purchased Price Per Share ($)
-------------------- ---------------------------- ------------------------------
7/31/07 38800 30.58
-------------------- ---------------------------- ------------------------------
7/31/07 300 30.63
-------------------- ---------------------------- ------------------------------
7/31/07 4520 30.65
-------------------- ---------------------------- ------------------------------
7/31/07 5180 30.70
-------------------- ---------------------------- ------------------------------
7/31/07 9700 30.75
-------------------- ---------------------------- ------------------------------
7/31/07 100 30.79
-------------------- ---------------------------- ------------------------------
7/31/07 25463 30.80
-------------------- ---------------------------- ------------------------------
7/31/07 400 30.81
-------------------- ---------------------------- ------------------------------
7/31/07 800 30.82
-------------------- ---------------------------- ------------------------------
7/31/07 100 30.83
-------------------- ---------------------------- ------------------------------
7/31/07 400 30.84
-------------------- ---------------------------- ------------------------------
7/31/07 12737 30.85
-------------------- ---------------------------- ------------------------------
7/31/07 100000 31.50
-------------------- ---------------------------- ------------------------------
2
SCHEDULE II
Set forth below is the name, business address, and present principal
occupation of each of the executive officers and directors of the Reporting
Persons. Except as otherwise indicated, each person is a citizen of the United
States.
W. R. Berkley Corporation
-------------------------
------------------------------------- ----------------------------------- --------------------------------------
Name Present Business Address Present Principal Occupation
------------------------------------- ----------------------------------- --------------------------------------
Directors:
------------------------------------- ----------------------------------- --------------------------------------
William R. Berkley 475 Steamboat Road Chairman of the Board and Chief
Greenwich, Connecticut 06830 Executive Officer
------------------------------------- ----------------------------------- --------------------------------------
Phillip J. Ablove 475 Steamboat Road Retired Executive Vice President and
Greenwich, Connecticut 06830 Chief Financial Officer, Pioneer
Companies, Inc.
------------------------------------- ----------------------------------- --------------------------------------
W. Robert Berkley, Jr. 475 Steamboat Road Executive Vice President
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
Ronald E. Blaylock 475 Steamboat Road Founder, Chairman and Chief
Greenwich, Connecticut 06830 Executive Officer, Blaylock &
Company, Inc. (investment banking
firm)
------------------------------------- ----------------------------------- --------------------------------------
Mark E. Brockbank 475 Steamboat Road Retired Chief Executive of XL
Greenwich, Connecticut 06830 Brockbank LTD
------------------------------------- ----------------------------------- --------------------------------------
George G. Daly 475 Steamboat Road Dean, McDonough School of Business,
Greenwich, Connecticut 06830 Georgetown University
------------------------------------- ----------------------------------- --------------------------------------
Mary C. Farrell 475 Steamboat Road Consultant to the financial services
Greenwich, Connecticut 06830 industry
------------------------------------- ----------------------------------- --------------------------------------
Rodney A. Hawes, Jr. 475 Steamboat Road Founder Insurance Investment
Greenwich, Connecticut 06830 Associates (investment banking firm)
------------------------------------- ----------------------------------- --------------------------------------
Jack H. Nusbaum 787 Seventh Avenue Chairman, Willkie Farr & Gallagher
New York, New York 10019 LLP (attorneys at law)
------------------------------------- ----------------------------------- --------------------------------------
Mark L. Shapiro 475 Steamboat Road Private Investor
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
1
------------------------------------- ----------------------------------- --------------------------------------
Executive Officers Not Otherwise Listed Above:
------------------------------------- ----------------------------------- --------------------------------------
Eugene G. Ballard 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Financial Officer and Treasurer
------------------------------------- ----------------------------------- --------------------------------------
Robert P. Cole 475 Steamboat Road Senior Vice President - Regional
Greenwich, Connecticut 06830 Operations
------------------------------------- ----------------------------------- --------------------------------------
Paul J. Hancock 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Corporate Actuary
------------------------------------- ----------------------------------- --------------------------------------
Robert W. Gosselink 475 Steamboat Road Senior Vice President - Insurance
Greenwich, Connecticut 06830 Risk Management
------------------------------------- ----------------------------------- --------------------------------------
Robert C. Hewitt 475 Steamboat Road Senior Vice President - Excess and
Greenwich, Connecticut 06830 Surplus Lines
------------------------------------- ----------------------------------- --------------------------------------
P Peter L. Kamford 475 Steamboat Road Senior Vice President -- Admitted
Greenwich, Connecticut 06830 Specialty Lines
------------------------------------- ----------------------------------- --------------------------------------
Ira S. Lederman 475 Steamboat Road Senior Vice President - General
Greenwich, Connecticut 06830 Counsel and Corporate Secretary
------------------------------------- ----------------------------------- --------------------------------------
C. Fred Madsen 475 Steamboat Road Senior Vice President -- Reinsurance
Greenwich, Connecticut 06830 Operations
------------------------------------- ----------------------------------- --------------------------------------
James W. McCleary 475 Steamboat Road Senior Vice President -- Underwriting
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
James G. Shiel 475 Steamboat Road Senior Vice President - Investments
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
Robert D. Stone 475 Steamboat Road Senior Vice President -- Alternative
Greenwich, Connecticut 06830 Markets Operations
------------------------------------- ----------------------------------- --------------------------------------
Clement P. Patafio 475 Steamboat Road Vice President - Corporate Controller
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
2
Admiral Insurance Company
-------------------------
------------------------------------- ----------------------------------- --------------------------------------
Name Present Business Address Present Principal Occupation
------------------------------------- ----------------------------------- --------------------------------------
Directors:
------------------------------------- ----------------------------------- --------------------------------------
W. Robert Berkley, Jr. 475 Steamboat Road Executive Vice President, W. R.
Greenwich, Connecticut 06830 Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Eugene G. Ballard 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Financial Officer and Treasurer,
W. R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Scott R. Barraclough 1255 Caldwell Road Senior Vice President and Treasurer
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
James S. Carey 1255 Caldwell Road President and Chief Executive Officer
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
Robert C. Hewitt 475 Steamboat Road Senior Vice President - Excess and
Greenwich, Connecticut 06830 Surplus Lines, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
Ira S. Lederman 475 Steamboat Road Senior Vice President - General
Greenwich, Connecticut 06830 Counsel and Secretary, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
Martin M. Michell 1255 Caldwell Road Regional Vice President
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
Executive Officers Not Otherwise Listed Above:
------------------------------------- ----------------------------------- --------------------------------------
Daniel A. MacDonald 1255 Caldwell Road Senior Vice President and Secretary
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
Curtis E. Fletcher 1255 Caldwell Road Regional Vice President
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
John E. Goodloe 1255 Caldwell Road President, Excess Division
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
William E. Haines 1255 Caldwell Road Regional Vice President
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
Raymond H. McDowell 1255 Caldwell Road Regional Vice President
Cherry Hill, New Jersey 08034
------------------------------------- ----------------------------------- --------------------------------------
3
Berkley Insurance Company
-------------------------
------------------------------------- ----------------------------------- --------------------------------------
Name Present Business Address Present Principal Occupation
------------------------------------- ----------------------------------- --------------------------------------
Directors:
------------------------------------- ----------------------------------- --------------------------------------
William R. Berkley 475 Steamboat Road Chairman of the Board and Chief
Greenwich, Connecticut 06830 Executive Officer, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
W. Robert Berkley, Jr. 475 Steamboat Road Executive Vice President, W. R.
Greenwich, Connecticut 06830 Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Eugene G. Ballard 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Financial Officer and Treasurer, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Craig N. Johnson 475 Steamboat Road President and Chief Executive
Greenwich, Connecticut 06830 Officer, Signet Star Re,
LLC
------------------------------------- ----------------------------------- --------------------------------------
Carol J. LaPunzina 475 Steamboat Road Senior Vice President, General
Greenwich, Connecticut 06830 Counsel and Secretary
------------------------------------- ----------------------------------- --------------------------------------
Ira S. Lederman 475 Steamboat Road Senior Vice President - General
Greenwich, Connecticut 06830 Counsel and Corporate Secretary, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
C. Fred Madsen 475 Steamboat Road Senior Vice President - Reinsurance
Greenwich, Connecticut 06830 Operations, W. R. Berkley
Corporation.
------------------------------------- ----------------------------------- --------------------------------------
Executive Officers Not Otherwise Listed Above:
------------------------------------- ----------------------------------- --------------------------------------
Roger J. Bassi 475 Steamboat Road Executive Vice President
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
Mark G. Davidowitz 475 Steamboat Road Treasurer
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
Kevin J. Shea 475 Steamboat Road Senior Vice President
Greenwich, Connecticut 06830
------------------------------------- ----------------------------------- --------------------------------------
4
Berkley Regional Insurance Company
----------------------------------
------------------------------------- ----------------------------------- --------------------------------------
Name Present Business Address Present Principal Occupation
------------------------------------- ----------------------------------- --------------------------------------
Directors:
------------------------------------- ----------------------------------- --------------------------------------
William R. Berkley 475 Steamboat Road Chairman of the Board and Chief
Greenwich, Connecticut 06830 Executive Officer, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
W. Robert Berkley, Jr. 475 Steamboat Road Executive Vice President, W. R.
Greenwich, Connecticut 06830 Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
James G. Shiel 475 Steamboat Road Senior Vice President - Investments,
Greenwich, Connecticut 06830 W. R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Eugene G. Ballard 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Financial Officer and Treasurer, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Ira S. Lederman 475 Steamboat Road Senior Vice President - General
Greenwich, Connecticut 06830 Counsel and Corporate Secretary, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Robert P. Cole 475 Steamboat Road Senior Vice President - Regional
Greenwich, Connecticut 06830 Operations, W. R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Robert C. Hewitt 475 Steamboat Road Senior Vice President - Excess and
Greenwich, Connecticut 06830 Surplus Lines, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
Paul J. Hancock 475 Steamboat Road Senior Vice President and Chief
Greenwich, Connecticut 06830 Corporate Actuary, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
Clement P. Patafio 475 Steamboat Road Vice President - Corporate
Greenwich, Connecticut 06830 Controller, W. R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Executive Officers Not Otherwise Listed Above:
------------------------------------- ----------------------------------- --------------------------------------
None
------------------------------------- ----------------------------------- --------------------------------------
5
Nautilus Insurance Company
--------------------------
------------------------------------- ----------------------------------- --------------------------------------
Name Present Business Address Present Principal Occupation
------------------------------------- ----------------------------------- --------------------------------------
Directors:
------------------------------------- ----------------------------------- --------------------------------------
W. Robert Berkley, Jr. 475 Steamboat Road Executive Vice President, W. R.
Greenwich, Connecticut 06830 Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Eugene G. Ballard 475 Steamboat Road Senior Vice President - Chief
Greenwich, Connecticut 06830 Financial Officer and Treasurer, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Robert C. Hewitt 475 Steamboat Road Senior Vice President - Excess and
Greenwich, Connecticut 06830 Surplus Lines, W. R. Berkley
Corporation
------------------------------------- ----------------------------------- --------------------------------------
Thomas M. Kuzma 7273 East Butherus Drive, President and Chief Executive Officer
Scottsdale, Arizona 85260
------------------------------------- ----------------------------------- --------------------------------------
Ira S. Lederman 475 Steamboat Road Senior Vice President - General
Greenwich, Connecticut 06830 Counsel and Corporate Secretary, W.
R. Berkley Corporation
------------------------------------- ----------------------------------- --------------------------------------
Executive Officers Not Otherwise Listed Above:
------------------------------------- ----------------------------------- --------------------------------------
John M. Runberg 7273 East Butherus Drive, Senior Vice President, Chief
Scottsdale, Arizona 85260 Financial Officer and Treasurer
------------------------------------- ----------------------------------- --------------------------------------
6