Sale to Transatlantic Holdings
Retained by Legion Insurance Company (In Liquidation) and the state of Pennsylvania to maximize the value of Professional Risk Management Services, Inc. (“PRMS”). Facilitated sale of PRMS to Transatlantic Holdings, Inc. for a cash purchase price of $21 million. PRMS is a leading insurance program manager in behavioral healthcare. PRMS is based in metropolitan Washington, DC and is a managing general agent specializing in professional liability insurance services and risk management for behavioral healthcare professionals.