|
|
Article: Frontier Insurance Group, Inc. Announces $60 Million Capital Contribution To Its Primary Operating Subsidiary
- Article from:
- PR Newswire
- Article date:
- November 21, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ROCK HILL, N.Y., Nov. 21 /PRNewswire/ -- Frontier Insurance Group, Inc. (Frontier) (NYSE: FTR) announced today as of November 4, 1996, Frontier had completed the addition of $60 million to the capital and surplus of Frontier Insurance Company, its primary operating subsidiary. This was done utilizing a portion of the funds raised in a recent convertible preferred TOPrS offering. The addition to capital and surplus is projected to bring policyholders surplus to $250 million by year end. This is part of Frontier's ongoing strategy to support it's ...
Related newspaper, magazine, and journal articles:
|