Crum & Forster, announced that Marc Adee has assumed the position of chief executive officer of First Mercury Financial Corporation and CoverX Corporation, reporting to Doug Libby, chairman and chief executive officer.
FMFC and CoverX are operating units of the Crum & Forster Enterprise and provide their services through First Mercury Insurance Company a full service specialty liability insurer and CoverXSpecialty a producer with expertise in specialty lines, such as security, construction, and excess/umbrella. Crum & Forster Enterprise is part of Fairfax Financial Holdings.
In addition to his new responsibilities, Adee continues as president of Fairmont Specialty, an operating unit of the Crum & Forster Enterprise that offers a wide variety of products, such as specialty property & casualty coverage, accident & health programs, commercial and personal lines in the State of Hawaii, and bail sureties.
After nearly 20 years of dedicated service as chief executive officer of First Mercury, Richard Smith has decided to retire from the company. During his tenure, he grew First Mercury organically as well as through acquisitions of Emerald, AMC, and Valiant. In 2011, Crum and Forster acquired First Mercury and Richard led the integration of Crum & Forster Specialty and First Mercury into the current Cover X organization. His colleagues at C&F and First Mercury wish Richard well and thank him for his many contributions.
Reporting to Marc Adee will be Tom Bredahl, who recently joined First Mercury Insurance Company as chief underwriting officer. He will operate out of the company’s New York office. Tom joined the firm from Odyssey Re, a sister company within the Fairfax organization, where he was head of facultative reinsurance focusing on U.S. casualty risks, including general liability, automobile, umbrella, healthcare and other emerging lines.
Source: Crum & Forster Enterprise
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