FMR First Mercury Financial Corp

SOUTHFIELD, Mich., Dec. 4 /PRNewswire-FirstCall/ -- First Mercury Financial Corporation (NYSE:FMR) today announced the hiring of Thomas A. Greene, Jr. as a Senior Vice President of CoverX. In this newly created position, Mr. Greene will be responsible for overseeing and expanding the company's focus within the professional liability product line. Mr. Greene's role will also include the management and development of the company's general agency relationships. "We are excited to have Tom join us," said Richard Smith, president and chief executive officer. "One of the main goals we outlined during our recent initial public offering roadshow was to further penetrate the professional liability space and Tom's depth and breadth of experience will help us achieve this objective. We believe Tom's expertise will also help us manage and grow our general agency business." Mr. Greene has over twenty years of underwriting, marketing and management experience in the reinsurance industry, with an emphasis in specialty casualty business. Most recently he was Senior Vice President, Casualty Treaty Underwriting at Alea North American Company. Prior, he was Senior Vice President, Professional Liability Department Manager at ACE Tempest Re USA, Inc. and worked as Senior Vice President and Manager in the Specialty Accounts Department at Chartwell Reinsurance Company. About First Mercury Financial Corporation First Mercury Financial Corporation markets and underwrites specialty commercial insurance products, focusing on niche and underserved segments where the company has underwriting expertise and other competitive advantages. During the company's 33 years of underwriting risks, First Mercury has established CoverX(R) as a recognized brand among insurance agents and brokers. As primarily an excess and surplus (E&S) lines underwriter, First Mercury has developed the underwriting expertise and cost-efficient infrastructure which has enabled it to underwrite such risks profitably. Safe Harbor Statement This release contains forward-looking statements that relate to future periods and includes statements regarding our anticipated performance. Generally, the words "anticipates," "believes," "expects," "intends," "estimates," "projects," "plans" and similar expressions identify forward- looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks, uncertainties and other important factors include, among others: our ability to maintain or the lowering or loss of one of our financial or claims-paying ratings; our actual incurred losses exceeding our loss and loss adjustment expense reserves; the failure of reinsurers to meet their obligations; our inability to obtain reinsurance coverage at reasonable prices; the failure of any loss limitations or exclusions or changes in claims or coverage; our lack of long-term operating history in certain specialty classes of insurance; our ability to acquire and retain additional underwriting expertise and capacity; the concentration of our insurance business in relatively few specialty classes; competition risk; fluctuations and uncertainty within the excess and surplus lines insurance industry; the extensive regulations to which our business is subject and our failure to comply with these regulations; our ability to maintain our risk-based capital at levels required by regulatory authorities; our inability to realize our investment objectives; and the risks identified in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1. Given these uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. We assume no obligation to update or revise them or provide reasons why actual results may differ. For more information on the company, please visit the company's website at http://www.firstmercury.com/ DATASOURCE: First Mercury Financial Corporation CONTACT: Bill Kindorf, VP - Corporate Development of First Mercury Financial, +1-248-358-4010, , or Analysts-Investors, Leslie Loyet of Financial Relations Board, +1-312-640-6672, Web site: http://www.firstmercury.com/

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