NYMAGIC, INC. Declares Dividend
December 10 2009 - 3:34PM
PR Newswire (US)
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- The Board of Directors
of NYMAGIC, INC. (NYSE:NYM) announced today that it has declared a
dividend to shareholders of $.06 per share, payable on January 6,
2010 to shareholders of record on December 31, 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, +1-212-551-0744 or Tiberend Strategic Advisors, Inc.
Gregory Tiberend, +1-212-827-0020 DATASOURCE: NYMAGIC, INC.
CONTACT: For NYMAGIC, INC.: A. George Kallop, +1-212-551-0744; or
Tiberend Strategic Advisors, Inc., Gregory Tiberend,
+1-212-827-0020
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