8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 29, 2001

PMA Capital Corporation
(Exact name of registrant as specified in its charter)

Pennsylvania
(State or other jurisdiction
of incorporation) 000-22761
(Commission
File Number) 23-2217932
(IRS Employer
Identification No.)

1735 Market Street, Suite 2800
Philadelphia, Pennsylvania
(Address of principal executive offices)  
19103-7590
(Zip Code)

Registrant's telephone number, including area code:

(215) 665-5046

Not Applicable
(Former name or former address, if changed since last report)

Item 7. Financial Statements and Exhibits.

        (c) The exhibits accompanying this report are listed in the Index to Exhibits on page 5.

Item 9. Regulation FD Disclosure.

        Executives of the Company are expected to participate in two analyst and investor conferences on September 12 and September 13, 2001. Details about the conferences, including information on how to access the conferences via the internet, are provided in two press releases attached as Exhibits 99.1 and 99.2 to this Form 8-K and are incorporated into this Item 9 by reference.

CAUTIONARY STATEMENTS FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

        During the conferences, executives of the Company may make certain oral statements that constitute forward-looking statements for purposes of safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available financial, competitive and economic data and the Company’s current operating plans based on assumptions regarding future events. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including those discussed in the Company’s earnings releases, periodic filings with the SEC and set forth below.

• changes in general economic conditions, including the performance of financial markets, interest rates and the level of unemployment;

• regulatory or tax changes, including changes in risk-based capital or other regulatory standards that affect the cost of or demand for the Company’s products or otherwise affect the ability of the Company to conduct its business;

• competitive conditions resulting from the significant amount of capital in the property and casualty insurance marketplace that may affect the level of rate adequacy related to the amount of risk undertaken and that may influence the sustainability of adequate rate changes;

• the effect of changes in workers' compensation statutes and their administration;

• the Company's ability to predict and effectively manage claims related to insurance and reinsurance policies;

• the lowering or loss of one or more of the financial strength or claims paying ratings of the Company's insurance subsidiaries;

• adequacy of reserves for claim liabilities;

• adverse property and casualty loss development for events the Company insured in prior years;

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• adequacy and collectibility of reinsurance purchased by the Company;

• severity of natural disasters and other catastrophes;

• reliance on key management; and

• other factors disclosed from time to time in the Company’s most recent Forms 10-K, 10-Q and 8-K filed by the Company with the Securities and Exchange Commission.

        Investors should not place undue reliance on any such forward-looking statements. Unless otherwise stated, the Company disclaims any current intention to update forward-looking information and to release publicly the results of any future revisions we may make to forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PMA Capital Corporation
Date: August 29, 2001	By: /s/Francis W. McDonnell
	Francis W. McDonnell
	Senior Vice President, Chief
	Financial Officer and Treasurer

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Index to Exhibits

Number	Description	Method of Filing
(99)	Additional Exhibits:
99.1	PMA Capital Corporation news release dated August 29, 2001	Filed herewith
99.2	PMA Capital Corporation new release dated August 29, 2001	Filed herewith

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EX-99

Exhibit 99.1

PMA CAPITAL [LOGO]
A Specialty Risk Management Company

Mellon Bank Center Suite 2800
1735 Market Street
Philadelphia, PA 19103-7590

PRESS RELEASE

For Release: Immediate

      Contact: Albert D. Ciavardelli
                    (215) 665-5063

PMA Capital to Speak at The Wall Street Analyst Forum’s
Insitutional Investor Conference

Philadelphia, PA, August 29, 2001 – PMA Capital Corporation (NASDAQ:PMACA) today announced that John W. Smithson, President and Chief Executive Officer, will make a presentation to analysts and portfolio managers at The Wall Street Analyst Forum’s Institutional Investor Conference in New York City on Wednesday, September 12, 2001 at 9:30 a.m. Eastern time. Approximately 80 public companies will be presenting at the Conference from September 10, 2001 through September 12, 2001.

Investors, analysts and the general public are invited to listen to a live webcast of this presentation free of charge over the Internet. The live audio webcast of Mr. Smithson’s presentation can be accessed at www.corporate-ir.net/media_files/priv/wsaf/schedule091201.htm. An archive of the presentation will be available at this same URL from approximately 5:00 p.m. Eastern time on Wednesday, September 12, 2001 through 5:00 p.m. on Thursday, October 11, 2001. In addition, a copy of the material used during the presentation will be available in the Investor Information section of the PMA Capital website at www.pmacapital.com.

During the conference, Mr. Smithson will provide an overview of PMA Capital’s operations, highlight the company’s long-term strategy, and discuss the current market for the Company’s insurance and reinsurance products. In addition, the Company expects to confirm the earnings expectations for full year 2001 previously provided in its second quarter 2001 earnings release and Form 10-Q, both of which are on file with the Securities and Exchange Commission (“SEC”).

Anyone listening to PMA Capital’s presentation will be presumed to have read PMA Capital’s Annual Report on Form 10-K for the year ended December 31, 2000 and Quarterly Report on Form 10-Q for the six months ended June 30, 2001, including the discussion under the caption “Cautionary Statements.”

Certain statements made during Mr. Smithson’s presentation may constitute forward-looking statements for purposes of safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including those discussed in the Company’s earnings releases and periodic filings with the SEC.

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PMA Capital Corporation, headquartered in Philadelphia, Pennsylvania, is an insurance holding company, whose operating subsidiaries provide specialty risk management products and services to customers throughout the United States. The primary product lines of PMA Capital’s subsidiaries include: 1) property and casualty reinsurance, underwritten and marketed through PMA Re; 2) workers’ compensation, integrated disability and other commercial property and casualty lines of insurance in the Mid-Atlantic and Southern regions of the United States, underwritten and marketed under the trade name The PMA Insurance Group; and 3) excess and surplus lines coverages, underwritten and marketed by Caliber One.

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EX-99

Exhibit 99.2

PMA CAPITAL [LOGO]
A Specialty Risk Management Company

Mellon Bank Center Suite 2800
1735 Market Street
Philadelphia, PA 19103-7590

PRESS RELEASE

For Release: Immediate

      Contact: Albert D. Ciavardelli
                    (215) 665-5063

PMA Capital to Speak at Sandler O’Neill’s
Annual Insurance Equity Conference

Philadelphia, PA, August 29, 2001 – PMA Capital Corporation (NASDAQ:PMACA) today announced that John W. Smithson, President and Chief Executive Officer, will make a presentation at the 3^rd Annual Insurance Equity Conference hosted by Sandler O’Neill & Partners, L.P. PMA Capital’s presentation at the conference, which is being held in New York City, will take place on Thursday, September 13, 2001 beginning at approximately 2:00 p.m. Eastern time.

Investors, analysts and the general public are invited to listen to a live webcast of this presentation free of charge over the Internet. The live audio webcast of Mr. Smithson’s presentation can be accessed at www.sandleroneill.com (click on “At This Moment”). An archive of the presentation will be available at this same URL from approximately 9:00 a.m. Eastern time on Friday, September 14, 2001 through 5:00 p.m. on Friday, October 12, 2001. In addition, a copy of the material used during the presentation will be available in the Investor Information section of the PMA Capital website at www.pmacapital.com.

Interested parties may also access the presentation by dialing 1.800.559.9370 for U.S. participants and 1.847.619.6368 for international participants. The conference confirmation number is 4565549. There will be no replay of the presentation available through the dial-in mode.

During the conference, Mr. Smithson will discuss the environment for specialty commercial property/casualty insurance companies, including an overview of PMA Capital’s operations and the company’s long-term strategy, as well as comment on the current market for the Company’s insurance and reinsurance products. In addition, the Company expects to confirm the earnings expectations for full year 2001 previously provided in its second quarter 2001 earnings release and Form 10-Q, both of which are on file with the Securities and Exchange Commission (“SEC”).

Anyone listening to PMA Capital’s presentation will be presumed to have read PMA Capital’s Annual Report on Form 10-K for the year ended December 31, 2000 and Quarterly Report on Form 10-Q for the six months ended June 30, 2001, including the discussion under the caption “Cautionary Statements.”

Certain statements made during Mr. Smithson’s presentation may constitute forward-looking statements for purposes of safe harbor provisions under The Private Securities Litigation and Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including those discussed in the Company’s earnings releases and periodic filings with the SEC.

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PMA Capital Corporation, headquartered in Philadelphia, Pennsylvania, is an insurance holding company, whose operating subsidiaries provide specialty risk management products and services to customers throughout the United States. The primary product lines of PMA Capital’s subsidiaries include: 1) property and casualty reinsurance, underwritten and marketed through PMA Re; 2) workers’ compensation, integrated disability and other commercial property and casualty lines of insurance in the Mid-Atlantic and Southern regions of the United States, underwritten and marketed under the trade name The PMA Insurance Group; and 3) excess and surplus lines coverages, underwritten and marketed by Caliber One.

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