NYMAGIC, INC. Declares Dividend
May 21 2009 - 3:45PM
PR Newswire (US)
NEW YORK, May 21 /PRNewswire-FirstCall/ -- The Board of Directors
of NYMAGIC, INC. (NYSE:NYM) announced today that it has declared a
dividend to shareholders of $.04 per share, payable on July 7, 2009
to shareholders of record on June 30, 2009. NYMAGIC, INC. is an
insurance holding company whose property and casualty insurance
subsidiaries specialize in underwriting ocean marine, inland marine
and non-marine liability insurance, and whose agency subsidiaries
specialize in establishing markets for such business. The Company
maintains offices in New York and Chicago. Any forward-looking
statements concerning the Company's operations, economic
performance and financial condition contained herein, including
statements related to the outlook for the Company's performance and
the Company's ability to pay dividends in 2009 and beyond, are made
under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon a
number of assumptions and estimates, which inherently are subject
to uncertainties and contingencies, many of which are beyond the
control of the Company. Some of these assumptions may not
materialize and unanticipated events may occur which could cause
actual results to differ materially from such statements. These
include, but are not limited to, the cyclical nature of the
insurance and reinsurance industry, premium rates, the estimation
of loss reserves and loss reserve development, net loss retention,
the effect of competition, the ability to collect reinsurance
recoverables, the availability and cost of reinsurance, changes in
the value of the Company's investment portfolio, changes in the
ratings assigned to the Company by rating agencies and other risks
and uncertainties as included in the Company's filings with the
Securities and Exchange Commission. These risks could cause actual
results for the 2009 year and beyond to differ materially from
those expressed in any forward-looking statements made. The Company
undertakes no obligation to update publicly or revise any
forward-looking statements made. CONTACT: NYMAGIC, INC. A. George
Kallop, 212-551-0744 or Richard Lewis Communications, Inc. Cecelia
Heer or Gregory Tiberend, 212-827-0020 DATASOURCE: NYMAGIC, INC.
CONTACT: A. George Kallop of NYMAGIC, INC., +1-212-551-0744; or
Cecelia Heer or Gregory Tiberend, both of Richard Lewis
Communications, Inc., +1-212-827-0020 Web Site:
http://www.nymagic.com/
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