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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).

 

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