Transactions


$30 million Deal Value

has completed a combined $30,000,000 senior debt and reinsurance transaction with

has completed a combined $30,000,000 senior debt and reinsurance transaction with

Financial advisor to Ullico

Financial advisor to Ullico

December 2008

Freeman & Co. Advised Ullico Inc. on a Combined $30mm Senior Debt and Reinsurance Transaction with Patriot Risk Management
Date
December 2008
Industry
Insurance
Transaction
Capital Raise
Deal Value
$30,000,000

Ullico has completed a combined $30mm senior debt transaction with Patriot

December 31, 2008 (New York, NY) – Freeman & Co. LLC, a leading independent advisor to the financial services industry, announced today that it advised ULLICO Inc., a multi-line insurance carrier headquartered in Washington D.C., on a combined $30 million senior debt and reinsurance transaction with Patriot Risk Management, Inc., a provider of P&C insurance products and services headquartered in Fort Lauderdale, FL.

“We are excited to complete this transaction and begin a partnership with Patriot Risk Management,” said Mark Singleton, CEO of Ullico Inc., “the transaction opens the door to a broader strategic relationship, and we hope to work closely with Patriot in the future.”

“The transaction was a win-win for both companies as Ullico benefited from increased scale in its P&C operations and Patriot continued on its current path of profitable growth in workers compensation premiums while strengthening its balance sheet in 2009” said Eric Solash, Director and Head of Freeman & Co.’s insurance practice area.

The transaction highlights Freeman & Co.’s expanded advisory capabilities in the insurance, reinsurance and capital markets spaces.