Philadelphia Consolidated Holding Corp. Receives Request to Provide Documentation on Non-Traditional Insurance Products
June 16, 2005
BALA CYNWYD, Pa., June 16 /PRNewswire-FirstCall/ -- Philadelphia Consolidated Holding Corp. announced today that it has received a subpoena from the Securities and Exchange Commission requesting documents and other information regarding any non-traditional insurance products entered into by the Company's insurance subsidiaries, Philadelphia Indemnity Insurance Company and Philadelphia Insurance Company, with Gen Re Corporation or affiliates thereof. The Company and its subsidiaries are cooperating with such request. The Company believes that a number of other insurance companies have received requests from regulatory and governmental authorities for similar types of information.
Philadelphia Insurance Companies is a specialty niche Company which markets and underwrites property and casualty insurance products through 36 proprietary underwriting offices across the U.S. of A.