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First Mercury Financial Corp. (FMR)

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First Mercury Financial Corporation
29621 Northwestern Highway
Southfield, MI 48034
United States - Map
Phone: 800-762-6837
Website: http://www.firstmercury.com

Details
Index Membership: N/A
Sector: Financial
Industry: Property & Casualty Insurance
Full Time Employees: 349

Business Summary
First Mercury Financial Corporation, through its subsidiaries, provides insurance products and services to the specialty commercial insurance markets in the United States. The company underwrites and provides various classes of general liability insurance for the security industry, including security guards and detectives, alarm installation and service businesses, and safety equipment installation and service businesses. It also offers general liability insurance for specialty classes, such as contractor classes of business comprising roofing, plumbing, electrical, energy, and other artisan and service contractors. In addition, the company provides liability and property insurance for contract underwriting classes consisting of primarily legal and miscellaneous professional liability, hospitality, employer general liability, habitational, and outdoor recreation and other classes of business. Further, it offers insurance products for casualty, excess/umbrella casualty, and property lines of businesses, as well as for miscellaneous professional liability, non-standard auto, and hospitality businesses. Additionally, the company operates a wholesale insurance agency, which produces commercial lines business primarily on an excess and surplus lines basis for non-affiliated insurers. It also provides underwriting, claims, and other insurance services to third parties that comprise insurance carriers and customers. First Mercury Financial Corporation markets its insurance policies through a network of wholesale and retail insurance brokers under the CoverX brand name. The company is headquartered in Southfield, Michigan.
Key Statistics

Company Websites
Home Page





Corporate Governance
First Mercury Financial Corporation’s Governance Risk Indicator (GRI®) as of Oct 1, 2010 is: Board (Medium Risk), Audit (Low Risk), Compensation (High Risk), Shareholder Rights (Medium Risk).
Brought to you by RiskMetrics Group
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Key Executives
Pay Exercised
Mr. Richard H. Smith , 59
Exec. Chairman, Chief Exec. Officer and Pres 1.80M 0.00
Mr. Jerome M. Shaw , 67
Founder and Chairman Emeritus N/A N/A
Mr. John A. Marazza , 49
Chief Financial Officer, Principal Accounting Officer, Exec. VP and Corp. Sec. 725.00K 0.00
Mr. E. Edward Camp ,
Chief Underwriting Officer and Exec. VP 575.00K 0.00
Mr. William S. Weaver , 67
Sr. VP N/A N/A
Amounts are as of Dec 31, 2009 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
View Insiders

Share Structure

Market Value1

$203,682,948

a/o Oct 28, 2010

Shares Outstanding

17,929,837

a/o Mar 06, 2009

Float

N/A

Authorized Shares

N/A

Par Value

N/A

Shareholders

Shareholders of Record

1,200

a/o Mar 11, 2009

Beneficial Shareholders

N/A

 

 

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