PMA Capital Corporation of Philadelphia announced the completion of its sale of Caliber One Indemnity Company to Northern Homelands Company.
The closing of the sale of Caliber One, which occurred today, generated gross proceeds of approximately $31 million, representing $3.5 million plus surplus of approximately $27 million.
PMA Capital’s subsidiaries provide specialty risk management products and services to customers throughout the U.S.
Was this article valuable?
Here are more articles you may enjoy.
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies 
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
Judge Approves $117.5 Million Settlement in ‘Complex’ Comcast Data Breach Case 
