Finkelstein Thompson LLP Announces Investigation of NYMAGIC, Inc.

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of NYMAGIC, Inc. (“NYMAGIC” or the “Company”) (NYSE: NYM) concerning the sale of the Company to ProSight Specialty Insurance Holdings, Inc. for $25.75 per share in a transaction valued at approximately $219 million. NYMAGIC shareholders owning approximately 40% of the Company’s fully diluted common shares have executed voting agreements pursuant to which they have agreed to vote in favor of the transaction.

The investigation is focused on the potential unfairness of the consideration to NYMAGIC shareholders, the process by which the NYMAGIC Board of Directors considered the transaction, and potential conflicts of interests on the part of Board members. NYMAGIC earned approximately $6.8 million in the first three months in 2010 compared to $3.5 million in 2009.

If you are interested in discussing your rights as a NYMAGIC shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it