CRM Holdings, Ltd. is a provider of workers’ compensation insurance products. The Company’s main business activities include underwriting primary workers’ compensation policies, underwriting workers’ compensation reinsurance and excess insurance policies, and providing fee-based management and other services to self-insured entities. Primary workers’ compensation insurance is provided to employers in California, Arizona, Florida, Nevada, New Jersey, New York and other states. The Company reinsures some of the primary business it underwrites and provides excess workers’ compensation coverage for self-insured organizations. Finally, fee-based management services are provided to self-insured groups in California. The Company reports its business in four segments: primary insurance, reinsurance, fee-based management services, and corporate and other. On September 8, 2008, the Company ceased the operations of CRM and Eimar.