TITLE

Insurer investment group to invest in PennCorp

AUTHOR(S)
D'Allegro, Joseph
PUB. DATE
August 1998
SOURCE
National Underwriter / Life & Health Financial Services;8/10/98, Vol. 102 Issue 32, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Informs about the decision of an insurance industry strategic investment group led by Securitas Capital LLC and Risk Capital Reinsurance Co. to spend up to $75 million to buy common stock in PennCorp Financial Group Inc. of New York. Percentage of company the buyers will own upon the completion of the deal; Aim of the stock purchase to increase PennCorp's financial flexibility.
ACCESSION #
969870

 

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