PMA FORM 8-K

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PtW/yf7M0H2pEKQte2yfzkRgWhl9gKSYMOJVNnlEIp7lmAhTQrY74PTxtJG8AWCn GBDEMi8et1VXWVxc+/tpuQ== 0000950159-02-000585.txt : 20020920 0000950159-02-000585.hdr.sgml : 20020920 20020920101430 ACCESSION NUMBER: 0000950159-02-000585 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020919 ITEM INFORMATION: Other events FILED AS OF DATE: 20020920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PMA CAPITAL CORP CENTRAL INDEX KEY: 0001041665 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 232217932 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22761 FILM NUMBER: 02768289 BUSINESS ADDRESS: STREET 1: 1735 MARKET STREET SUITE 2800 CITY: PHILADELPHIA STATE: PA ZIP: 19103-7590 BUSINESS PHONE: 2156655046 MAIL ADDRESS: STREET 1: 1735 MARKET STREET SUITE 2800 CITY: PHILADELPHIA STATE: PA ZIP: 19103-7590 FORMER COMPANY: FORMER CONFORMED NAME: PENNSYLVANIA MANUFACTURERS CORP DATE OF NAME CHANGE: 19970702 8-K 1 pma8k9-19.htm PMA FORM 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): September 19, 2002

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 5. Other Events and Regulation FD Disclosure.

In connection with our previously announced withdrawal from the excess and surplus lines marketplace, on September 19, 2002, we entered into a definitive agreement to sell the capital stock of Caliber One Indemnity Company to Northern Homelands Company. The purchase price is $3.5 million plus the amount of Caliber One's statutory capital and surplus on the date of closing, which must be no less than $26 million and no more than $27 million. Pursuant to the agreement, we will retain all assets and liabilities related to the in-force policies and claim obligations relating to Caliber One's business written prior to closing. Since May 2002, we have ceased underwriting substantially all new and renewal excess and surplus lines business and are taking required actions to non-renew any in-force excess and surplus business. The closing of the agreement is subject to regulatory approvals and certain third-party consents and other usual and customary conditions to closing. The transaction is expected to close prior to December 31, 2002. The closing of the transaction will not have a material effect on our financial condition.

-2-

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: September 20, 2002	By: /s/ William E. Hitselberger
	William E. Hitselberger
	Senior Vice President, Chief Financial
	Officer and Treasurer

-3-

-----END PRIVACY-ENHANCED MESSAGE-----