Throughout our history, Nobel has delivered on its promise to provide a quality insurance program focused on meeting the needs of the commercial explosives industry.
Like many segments of the U.S. economy in the mid 70s, the commercial explosives industry was struggling to find insurance from the standard market or even the surplus lines market at supportable prices. Recognizing the need, a group of Atlas Powder distributors came together to form a captive reinsurance company in Bermuda to deal with the issue. Nobel Insurance was incorporated in Bermuda in December of 1978 and began operations January 1, 1979. Since that time, Nobel has remained committed to helping members of the explosives community get the most value for their insurance dollar.
Nobel has been a division of Lancer Insurance Company, one of the nation’s largest specialty commercial insurers, since 1999. A privately-held company, Lancer is licensed in all 50 states and boasts a reputation for superior coverage and claims service. And, with an A- “Excellent” VIII financial rating from A.M. Best, you can feel confident knowing that we will be there to meet our financial obligations, and help you meet yours.