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.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
‘Structural Shift’ Occurring in California Surplus Lines 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
