Restoration Op: Maximize Mercury Book's Potential! 1391

intermediary profile

May 07, 2025

by an intermediary from Bucknell University in Santa Monica, CA, USA

Unfortunate losses have resulted in Mercury terminating this appointment. The Seller has 703 policies in force with Mercury Casualty Company and Mercury Insurance Company, dating back to 2012. A Buyer MUST have sufficient financial credentials to qualify and a Mercury appointment in good standing. Buyers MUST have more than $10 million in premiums to absorb the loss ratios. The two highest-producing lines are Personal Auto and Personal Property. Personal Umbrella was the fastest-growing line in 2024. A Mercury representative has approved a sale, as long as it is complete and the transfer is official, before 6/30/2025. NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: No facilities are included with this transaction. Competition: Established Mercury policies are highly sought after. Growth & Expansion: By integrating these policies into their operations, a buyer can quickly expand market share and revenue and potentially qualify for higher bonuses. Support & Training: To ensure a smooth transition and ongoing success, the Sellers will work with a buyer for one month, up to 10 hours a week. Reason for Selling: Termination of Appointment
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