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First Mercury Financial Corp, the holding company for specialty commercial insurer First Mercury Insurance Co, said it would pay about $55 million to acquire Valiant Insurance Group Inc from Bermuda reinsurer Ariel Holdings Ltd. The move opens the doors for First Mercury, an excess and surplus lines writer, to enter the admitted market, said Ted Camp, chief underwriting officer. Through May 31, 2010, Valiant had about $34 million in gross writ- ten premiums. In the 12 months following the closing of the transaction, First Mercury anticipates that Valiant will write about $50 million to $60 million of gross written premiums.
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...COMPANY; FIRST MERCURY INSURANCE. COMPANY. Defendan...
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Business Editors
CHICAGO--(BUSINESS WIRE)--April 22, 2004
Glencoe Capital LLC today announces its signing of a definitive agreement to acquire sec...
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... Holdings Corp., a downstream holding company whose ultimate parent is Fairfax Financial Holding..., a position in a broadly diversified insurance and reinsurance operation and the investment exper...
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...Dental Mercury, Designation of Special Controls for Dental Amalga... Page 38687 . 860.7(d)(1)): First, FDA found that, when subject to the general contr... that the average fee submitted to insurance companies for one to four or more surfaces of dent...The formal costs per company, however, are relatively small. The annualized cos...
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... program from scratch needs to do one thing first: "Determine if you have the fortitude." says David... at Cincinnati-based Great American Insurance, another co-presenter. "For instance, we don't wri...On the other hand, his company, like others, can provide admitted and not admitte...CoverX. a unit of First Mercury Financial Corporation (FMFC), writes on behalf of ...
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... the ICR of "bbb-" of the parent holding company, First Mercury Financial Corporation (FMFC) (headq...FMFC relies on its non-insurance subsidiaries to meet its debt obligations and othe...
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Mercury Asking Dep't of Insurance for $32 Million Rate Hike On Its Car Insurance Policyholders; Company Would Recoup All Its Money From $10 Million Prop 17 Campaign If Rate Hike is Approved
SANTA MONICA, Calif., May 17 /PRNewswire-USNewswire/ -- Mercury Insurance, the sponsor of Prop 17, is pushing regulators to allow a $32 million rate increase for California drivers insured by the company and its affiliates. The company is quietly seeking the rate hike even as it is spending $10 million on a deceptive ad campaign trying to fool voters into believing that Prop 17 would lower car insurance costs. The non-profit organization Consumer Watchdog has challenged the proposed rate hike, saying the company has played fast and loose with data in an attempt to improperly raise rates and should ac...
... trying to raise its customers' premiums first. Only an insurance company like Mercury could try ...
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...property/casualty insurance companies. At the same time, Fitch has assigned ne.... --Direct General Insurance Company of Mississippi (MS)/10889/'BBq'; . --Direct Insura...--First Commercial Insurance Company (FL)/10347/'BBq'; . -...--First Mercury Insurance Company (IL)/10657/'Aq'; . --Firstcomp I...
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... protected bythe Free Speech Clause of the First Amendment. As aconsequence, Vermont's statute m... the cost of healthcare and health insurance, §1(15); encourages hasty andexcessive reliance o... See Sprietsma v. Mercury Marine, 537 . U. S. 51, 56, n. 4 (2002) (waiv... regulators, forexample, oversee company statements, pronouncements,and proposals, but only...