Crum & Forster®'s First Mercury Insurance Company Now Moves to Financial Size Category XIII
Morristown, NJ, August 11, 2011 -
As announced on August 8, 2011, A.M. Best Co. has affirmed the
financial strength rating of "A" (Excellent) and issuer credit rating
of "a" of First Mercury Insurance Company (FMIC).
First Mercury Financial Corporation and its subsidiaries were acquired
by Fairfax Financial Holdings Limited and contributed to Crum &
Forster Holdings Corporation in February 2011 as part of a strategic
plan to enhance the firm's capabilities and expand its presence in
FMIC is now part of the Crum & Forster Insurance Group and offers
its complete range of products through its wholesale surplus lines
producer, operating under the trade name CoverXSpecialty. The Group has
a financial strength rating of "A" (Excellent), an issuer credit rating
of "a" and a financial size category of XIII.
Richard H. Smith, Vice Chairman of Crum & Forster, and Chairman,
President and CEO of First Mercury, stated "We are pleased to be part
of the Crum & Forster Insurance Group. The size of the Group, its
financial strength and its stability provide significant benefits for
our policyholders and producers. This move by A.M. Best reaffirms our
decision to become part of the Crum & Forster family."
The Crum & Forster Group of companies includes United States Fire
Insurance Company, North River Insurance Company, Crum & Forster
Indemnity Company, Crum and Forster Insurance Company, Crum &
Forster Specialty Insurance Company, First Mercury Insurance Company,
and American Underwriters Insurance Company.