Casco Indemnity Company
Acted as the exclusive financial advisor to N.E. Corp. in its sale to Ohio Mutual Insurance Group. N.E. Corp. is a holding company for Casco Indemnity Company and is jointly owned by the Hingham Group, and Phenix Mutual Fire Insurance Co. Casco Indemnity was formed in 1985 by a consortium of seven New England insurers, and currently offers commercial auto, personal auto, and personal umbrella insurance in six states – Maine, Rhode Island, Connecticut, Vermont, New Hampshire and South Carolina – through a network of 140 independent agents. The company had $17.4 million in direct written premium in 2009, reported a statutory surplus of $8.8 million at the end of 2009.