PMA Sells Finite Business to Imagine
NU Online News Service, Nov. 11, 3:22 p.m. EST
The finite business, written by PMA Re, had an in-force value of $333 million as of Nov. 1, according to a PMA statement. The transaction is subject to the completion of due diligence and definitive documentation.
Under the preliminary terms of the transaction, New York-based Imagine will compensate PMA based on the amount of in-force business assumed and renewed by Imagine, which PMA cannot currently estimate.
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