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.
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
Trucking App Trucker Path Launches Retail Insurance Agency 
‘Massive Legal Siege’ Against Social Media Companies Looms 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
