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ACCEPTANCE INSURANCE ANNOUNCES RIGHTS OFFERING FINAL RESULTS

 OMAHA, Neb., Feb. 10 /PRNewswire/ -- Acceptance Insurance Companies Inc., Omaha (NYSE: AIF), announced today the final results of its rights offering. Proceeds received aggregated approximately $53.3 million. Based upon the level of basic subscriptions requested, oversubscriptions will be honored at a rate of approximately 23.46 percent. Excess monies received will be refunded.
 Acceptance Insurance is an A- rated specialty property and casualty insurance company concentrating its efforts in the excess and surplus lines business. The company's insurance operations are conducted through its three insurance subsidiaries and an insurance agency. The company seeks specialty books of insurance business throughout the United States in which the application of its skilled underwriting and claims techniques can provide the company with an advantage over the insurance industry.
 -0- 2/10/93
 /CONTACT: William J. Gerber, vice president of Acceptance Insurance Companies, 402-344-8800, or Edward Silverman of Silverman Heller & Bond, Inc., 212-682-9222, for Acceptance Insurance Companies/
 (AIF)


CO: Acceptance Insurance Companies, Inc. ST: Nebraska IN: INS SU: OFR

TS-PS -- NY067 -- 5185 02/10/93 12:56 EST
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Publication:PR Newswire
Date:Feb 10, 1993
Words:174
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