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NORTH EAST INSURANCE COMPANY ANNOUNCES ENGAGEMENT TO BUCKINGHAM CAPITAL CORPORATION

 SCARBOROUGH, Maine, Nov. 17 /PRNewswire/ -- North East Insurance Company (NASDAQ: NEIC) announced today that it has engaged Buckingham Capital Corporation, a Houston, Texas based investment banker, to review alternatives for securing additional capital for the company. Any such alternative will, of course, be subject to appropriate regulatory and board approval.
 -0- 11/17/93
 /CONTACT: Graham S. Payne, chief financial officer of North East Insurance Group, 207-883-2232/
 (NEIC)


CO: North East Insurance Group; Buckingham Capital Corporation ST: Maine, Texas IN: INS FIN SU:

JL-DJ -- NE017 -- 5677 11/17/93 16:34 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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