EX-21 2 exh21.htm exh21.htm


EXHIBIT 21



SUBSIDIARIES OF BALDWIN & LYONS, INC.



 
NAME
  
STATE OR JURISDICTION OF ORGANIZATION
OR INCORPORATION
 
Protective Insurance Company
  
 
Indiana
 
Sagamore Insurance Company (1)
  
 
Indiana
 
Protective Specialty Insurance Company (1)
  
 
Indiana
 
                                                                                                                        B&L Insurance, Ltd.
  
 
 Bermuda 
 
B&L Brokerage Services, Inc.
  
 
 Indiana
 
B&L Management
  
 
  Indiana
     

 

 
(1)  
Wholly-owned subsidiary of Protective Insurance Company
 



 
 
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