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.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
