Insurer investment group to invest in PennCorp

D'Allegro, Joseph
August 1998
National Underwriter / Life & Health Financial Services;8/10/98, Vol. 102 Issue 32, p28
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.


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