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.
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims 
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market 
