The PMA Insurance Group Announces the Formation of a Dedicated
Specialty Markets Unit to Address the Needs of the Growing
Alternative & Program Markets
BLUE BELL, PA September 17, 2007 – To expand its
focus on the growing captives and groups/programs
property/casualty insurance market, The PMA Insurance Group
has formed a new business unit, PMA Specialty Markets. The
unit is staffed with a team of captive and groups/programs
experts who will work in tandem with each of the company's
full-service branch offices to write captives and
groups/programs business.
As an increasing number of property & casualty insurance
buyers seek alternative market solutions for their insurance
needs, the dedicated Specialty Markets Unit will further
enhance The PMA Insurance Group's ability to address their
needs with customized solutions. PMA Captives and
Groups/Programs are known for specialized underwriting
expertise and the ability to craft tailored programs. The PMA
Insurance Group offers exceptional claims, managed care and
risk control services and specifically tailors those services
to address the unique needs of captives and groups/programs
clients. The goal of the PMA Captives and Groups/Programs
service programs is to deliver those tailored services in such
a way that the outcome is reduced costs, improved financial
performance and an ease of doing business for clients.
"The creation of The PMA Insurance Group's Specialty Markets
Unit reflects the growing importance of this market for us and
our commitment to increase our focus in these specialty
areas," said Tony Ciofani, PMA's Senior Vice President and
Chief Underwriting Officer. "The PMA Insurance Group has
extensive knowledge and experience working within these
areas," said Mr. Ciofani. "Consolidating Captives and
Groups/Programs into Specialty Markets will enable us to
further enhance our efficiency and organizational focus, an
important component of The PMA Insurance Group's strategic
plan."
Raymond J. Rocchio, Jr. has been promoted to Vice President of
Specialty Markets. Mr. Rocchio was formerly The PMA Insurance
Group's Assistant Vice President, Risk Management Services.
Since joining the company in 1998, he has held positions of
increasing responsibility in the underwriting area. "We are
very pleased that Ray will be leading this important area,"
said Mr. Ciofani. "Ray's leadership has been instrumental in
the profitable growth of our captive business to date. He
possesses the experience, discipline, and vision necessary to
optimize our success in the marketplace."
The PMA Insurance Group
The PMA Insurance Group, a multi-lines property & casualty
insurer, is known for service excellence and high levels of
customer satisfaction. PMA offers workers' compensation,
commercial automobile, commercial multi-peril, general
liability and umbrella insurance. PMA Management Corp., an
affiliate of The PMA Insurance Group, offers fee-based
third-party administrative services.
The PMA Insurance Group is headquartered in Blue Bell,
Pennsylvania. The PMA Insurance Group includes Pennsylvania
Manufacturers' Association Insurance Company, Manufacturers
Alliance Insurance Company and Pennsylvania Manufacturers
Indemnity Company, which are subsidiaries of PMA Capital
Corporation (NASDAQ: PMACA).