Majestic Capital Ltd., formerly CRM Holdings Ltd. is a holding company. It is a specialty provider of workers� compensation insurance products. Its workers� compensation insurance coverage is offered to employers in California, New York, New Jersey, Arizona, Nevada, and other states. It provides workers� compensation insurance products through Majestic Insurance. The Company offers primary workers� compensation insurance through independent insurance brokers and agents to various size businesses. As of December 31, 2010, it had more than 1,032 policyholders. The Company focuses on contractors, transportation, healthcare, wholesale and retail, manufacturing, hospitality, colleges and universities and other classes on a case by case basis. Majestic Insurance offers three types of workers� compensation insurance products and services: Guaranteed Cost Plans, Risk-Sharing Products and Excess and Frequency Coverage.