Robbins Umeda LLP Announces an Investigation of the Acquisition of PMA Capital Corp. by Old Republic International Corporation

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of PMA Capital Corporation ("PMA Capital" or the "Company") (NASDAQ: PMACA) in connection with their actions in causing PMA Capital to enter into a merger agreement to be acquired by Old Republic International Corporation ("Old Republic") (NYSE: ORI). If the transaction is completed, PMA Capital shareholders will receive 0.55 shares of Old Republic common stock for each share of PMA Capital they hold. This exchange ratio will result in PMA Capital shareholders receiving approximately $7.10 worth of Old Republic stock for each share of PMA Capital they own. Depending on the price of Old Republic's common stock preceding the closing of the merger, the exchange ratio may be adjusted upwards or downwards, but will not exceed 0.60 or be less than 0.50. If approved, the transaction is expected to be completed during the third quarter of 2010.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of PMA Capital undertook a fair process to obtain fair consideration for all shareholders of PMA Capital. The Company recently reported that its earnings for the first quarter of 2010 were $0.24 per share, beating analyst estimates of around $0.21 per share. One analyst also gave the Company a "buy" rating and a price target of $11.00 per share. Other analysts have valued the Company's stock at around $8.00 per share. In the proposed acquisition, the Company is valued well below these targets.

If you are a shareholder of PMA Capital and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at inquiry@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Pma Capital Corp. (MM) (NASDAQ:PMACA)
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