PMA CAPITAL CORPORATION 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, CCKEQ9qHS0nJQ/SEBICOsejycgUjsRWMO2O/Kyk5ODRvREAUnCwsGyxBF/8IK7l4 Uw2+GX480VcEun6WHCdOew== 0000950159-03-000999.txt : 20031203 0000950159-03-000999.hdr.sgml : 20031203 20031203164804 ACCESSION NUMBER: 0000950159-03-000999 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031202 ITEM INFORMATION: Other events FILED AS OF DATE: 20031203 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: 001-31706 FILM NUMBER: 031035684 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 pma8k12-3.htm PMA CAPITAL CORPORATION 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): December 2, 2003

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.

On December 2, 2003, our wholly owned subsidiary, PMA Capital Insurance Company, executed a definitive agreement with Imagine Insurance Company Limited ("Imagine") selling the renewal rights to its finite reinsurance business and giving Imagine the exclusive option for, in general, a period of 60 or 120 days following the expiration date of a contract depending upon when the contract expires to assume certain of its finite reinsurance contracts currently in force through novation agreements with the applicable ceding companies. In addition, the agreement provides that PMA Capital Insurance Company and Imagine may, from time to time, agree to the sale and purchase of certain additional assets. Under the terms of the agreement, the purchase price Imagine will pay to PMA Capital Insurance Company will be based upon the amount of in-force business either renewed or novated by Imagine and any additional assets purchased, which we cannot currently estimate, but in no event will the purchase price be less than $1.25 million. Accordingly, we cannot currently estimate whether the transaction will be material to our results of operations or liquidity.

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: December 3, 2003	By: /s/ William E. Hitselberger
	William E. Hitselberger
	Senior Vice President, Chief Financial Officer and Treasurer

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