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.
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks 
Florida Reforms Cut Property Premiums but Data Show Multifamily Liability Rates Up 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
