Chicago-based insurance holding company Old Republic International Corp. has completed its acquisition of PMA Capital Corp.
In connection with the closing of the merger, Pennsylvania-based PMA changed its name to PMA Cos. Inc.
Al Zucaro, chairman and CEO of Old Republic said the “PMA’s addition to our well-capitalized insurance group strengthens our ability to grow our general insurance business without sacrificing our shared commitment to conservative underwriting and focus on select industries important to the American economy.”
Added Vincent Donnelly, president and CEO of PMA: “We are pleased to join Old Republic and are excited about the opportunity that Old Republic presents for the continued growth of our businesses. Following the merger, we remain committed to providing excellent service to our customers and clients as part of the Old Republic family of insurance companies.”
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Source: PMA
Topics Mergers & Acquisitions
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