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.
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop 
Nuclear Plant Settles Cancer, Contamination Lawsuits 
Takeaways From AP Analysis on the Flaws in National Flood Insurance 
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule 
