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FRONTIER INSURANCE GROUP, INC. ANNOUNCES ITS SEC REGISTRATION STATEMENT FILING FOR COMMON STOCK OFFERING

 ROCK HILL, N.Y., Aug. 20 /PRNewswire/ -- Frontier Insurance Group, Inc. (NYSE: FTR) announced that it filed a registration statement today with the Securities and Exchange Commission for the public offering of 1,200,000 of its authorized but unissued shares of common stock, and 120,000 shares being sold by two shareholders. The net proceeds to the company are for general corporate purposes, including contributions to statutory surplus of the company's insurance company subsidiaries to enable them to expand their capacity to write insurance, and possible acquisitions of insurance-related lines and/or businesses. Bear, Stearns & Co., Inc. and Smith Barney Shearson Inc. are the underwriters of the offering.
 Frontier is an underwriter and creator of specialty insurance products which serve the needs of insureds in niche markets.
 -0- 8/20/93
 /CONTACT: Linda Markovits of Frontier Insurance Group, 914-796-2100, ext. 521/
 (FTR)


CO: Frontier Insurance Group, Inc. ST: New York IN: INS SU: OFR

SM-TS -- NY035 -- 4702 08/20/93 13:57 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:164
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