PMA Capital Releases Details of CMBS Investments

  
    
  
  
    
      PMA Capital Corporation (NASDAQ:PMACA) today announced that it 
      posted a listing of its Commercial Mortgage Backed Securities (“CMBS”) 
      holdings on its website at www.pmacapital.com. 
      The schedule, which can be found on the Investor Information section of 
      the Company’s website under Financial Reports, details the securities 
      that are included in the Company’s CMBS investment portfolio, as well as 
      each security’s most recent credit rating, fair value and amortized cost 
      at September 30, 2008, the original and current support for each 
      security and the delinquency percentage of the securities in the pool. 
      Support for CMBS securities is measured as the percentage of collateral 
      within the pool of securities that would be required to default prior to 
      the senior securities in the pool losing any principal value. The 
      Company intends to update this schedule only on a quarterly basis. The 
      Company notes the following highlights in its CMBS portfolio:
    
    
      
        The CMBS portfolio represents 19% of the Company’s invested assets at 
        September 30, 2008;
      
      
        All securities within the portfolio have a credit rating of AAA;
      
      
        All securities in the portfolio experienced an increase in their 
        support level since origination;
      
      
        All securities are senior or super senior tranches of the CMBS 
        structure;
      
      
        On a weighted average basis, current support is at 28.2% of the par 
        value of the securities; and
      
      
        On a weighted average basis, less than 1% of the underlying pool 
        collateral is delinquent.
      
    
    
      PMA Capital Corporation, headquartered in Blue Bell, Pennsylvania, is a 
      holding company whose operating subsidiaries provide insurance and 
      fee-based services. Insurance products include workers’ compensation and 
      other commercial property and casualty lines of insurance, primarily in 
      the eastern part of the United States, underwritten and marketed under 
      the trade name The PMA Insurance Group. Fee-based services include third 
      party administrator, managing general agent and program administrator 
      services.