(Reuters) - The company will offer 2 million shares, while its Chief
Executive Kenneth Shifrin will sell 300,000 shares, about half
the number of shares he currently owns, it said in a statement.
The insurer intends to contribute about $10 million of the
net proceeds to American Physicians Insurance Co., its recently
acquired medical professional liability insurance company, to
strengthen its capacity to underwrite insurance risks.
Read more at Reuters.com Mergers News
Executive Kenneth Shifrin will sell 300,000 shares, about half
the number of shares he currently owns, it said in a statement.
The insurer intends to contribute about $10 million of the
net proceeds to American Physicians Insurance Co., its recently
acquired medical professional liability insurance company, to
strengthen its capacity to underwrite insurance risks.
Read more at Reuters.com Mergers News
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