NYMAGIC, INC. is a holding company that owns and operates insurance companies, risk-bearing entities and insurance underwriters and managers. These are New York Marine And General Insurance Company, Gotham Insurance Company, MMO UK, Ltd., MMO EU, Ltd., Mutual Marine Office, Inc. (MMO), Pacific Mutual Marine Office, Inc. (PMMO) and Mutual Marine Office of the Midwest, Inc. The Company has specialized in underwriting ocean marine, inland marine, aircraft and other liability insurance through insurance pools managed by MMO, PMMO and Midwest. NYMAGIC has ceased writing any new policies covering aircraft risks subsequent to March 31, 2002. In addition to managing the insurance pools, the Company participates in the risks underwritten for the pools through New York Marine and Gotham.