The St. Paul Cos. has announced that Paul J. Liska, executive vice president and chief financial officer, has resigned, effective April 1.
Meanwhile, the company also announced that it has agreed to sell more than 1.72 million shares of RenaissanceRe Holdings Ltd., a Bermuda-based reinsurer.
The shares are being sold in a secondary public offering, priced at $72.20 per share. The gross proceeds of the sale are $124.6 million. The St. Paul’s after-tax gain on this sale is $39.3 million. The sale is scheduled to close March 13.
Was this article valuable?
Here are more articles you may enjoy.
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth 
Waymo Launches Driverless Robotaxis on Freeways in First for US 
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims 
