has affiliated with

Phenix Mutual Fire Insurance Company

Acted as exclusive financial advisor to Phenix Mutual in its affiliation with The Motorists Insurance Group.  Phenix is a 123-year old property and casualty insurer operating in New Hampshire, Maine, Vermont, Massachusetts, Rhode Island and South Carolina.  During 2008, Phenix posted $26.5 million in direct and assumed premium.  Motorists, which is headquartered in Ohio and writing business throughout the Midwest, had $541.3 million in policyholders’ surplus at the end of 2008 and was rated “A” (Excellent) by A.M. Best.