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.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
