EXHIBIT 99.1
PMA CAPITAL CORPORATION [LOGO]
Mellon Bank Center Suite 2800
1735 Market Street
Philadelphia, PA 19103-7590 PRESS RELEASE
For Release: Immediate
Contact: Albert D. Ciavardelli
(215) 665-5063
PMA Capital Corporation Announces Dates for
-------------------------------------------
2001 Annual Meeting Shareholder Proposals
-----------------------------------------
Philadelphia, PA, August 10, 2000 -- PMA Capital Corporation (NASDAQ: PMACA)
announced today that as a result of amendments to its Bylaws, shareholders who
desire to bring business before the 2001 Annual Meeting of Shareholders must
comply with the Company's newly adopted advance notice bylaw provisions. The
advance notice bylaw provisions specify procedures for the nomination of
directors and the bringing of shareholder business before an annual meeting of
shareholders.
Shareholders can nominate a person for a position on the Board of Directors at
the 2001 Annual Meeting of Shareholders only if the shareholder notifies the
Secretary of the Company of the nomination not later than the close of business
on February 23, 2001, and not earlier than the close of business on January 24,
2001. The notice must include certain information about the
nominating-shareholder and the nominee as specified in the Company's Bylaws.
Each nominee must also provide the Secretary with a written consent to serve if
elected.
Similarly, if a shareholder wishes to present a proposal from the floor of the
2001 Annual Meeting of Shareholders, the shareholder must notify the Secretary
of the Company in writing of the proposal not later than the close of business
on February 23, 2001, and not earlier than the close of business on January 24,
2001. The notice must also include the other information specified in the
Company's Bylaws.
Any shareholder that wishes to nominate a director or propose business from the
floor of the 2001 Annual Meeting of Shareholders should consult the Company's
Bylaws and the applicable proxy rules of the Securities and Exchange Commission.
The advance notice bylaws do not affect a shareholder's right to submit
proposals for inclusion in the proxy statement relating to the 2001 Annual
Meeting pursuant to Rule 14a-8 of the Securities Exchange Act of 1934.
<PAGE>
PMA Capital Corporation, headquartered in Philadelphia, Pennsylvania, is an
insurance holding company, whose operating subsidiaries provide specialty risk
management products and services to customers throughout the United States. The
primary product lines of PMA Capital's subsidiaries include: 1) property and
casualty reinsurance, underwritten and marketed through PMA Re; 2) managed care
workers' compensation, integrated disability and other commercial property and
casualty lines of insurance in the Mid-Atlantic and Southern regions of the
United States, underwritten and marketed under the trade name The PMA Insurance
Group; and 3) excess and surplus lines coverages, underwritten and marketed by
Caliber One.
2
