First Mercury to Acquire Valiant Insurance

Green, Meg
August 2010
Best's Review;Aug2010, Vol. 111 Issue 4, p109
Trade Publication
The article reports on the acquisition of Valiant Insurance Group, from Ariel Holdings Ltd., by First Mercury Corp. worth 55 million dollars in the U.S. According to Ted Camp, chief underwriting officer of First Mercury, the move opens the door for First to enter the admitted market. As stipulated in their deal, Ariel will furnish First Mercury with full protection to Valiant's net loss and loss adjustment reserve expense.


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