Shareholders of NYMAGIC approved its acquisition by ProSight Specialty Insurance Holdings Inc. at a special meeting yesterday, clearing the way for the insurance holding firm to become part of ProSight.
The merger valued at around $230 million, is expected to close today.
NYMAGIC shareholders will receive $25.75 per share of common stock.
NYMAGIC specializes in underwriting ocean marine, inland marine and non-marine liability insurance. ProSight is a specialty insurer that provides coverage for groups of customers through limited distribution partners.
Topics Mergers & Acquisitions Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
Brown & Brown Wins Temporary Injunction Against Howden 
Health Officials Downplay Pandemic Risk From Cruise Hantavirus Outbreak 
