TRAVELERS RECAPITALIZATION SAN FRANCISCO, Sept. 21 /PRNewswire/ -- "The Travelers (NYSE: TIC)
recapitalization with Primerica Corp. (NYSE: PA) shows that one of the smartest financial minds in the last decade, Sandy Weill, expects this large multi-line insurance company to be much improved by the new capital and some management input by Primerica," said Russell Miller, chairman of the insurance industry investment banking firm, Russel Miller Inc.
"Weill is not uninformed, having faced a similar, although smaller, situation when he was heading the Fireman's Fund. "There are other major companies that need recapitalization. This will happen one way or another, and this should help the process," Miller continued. -0- 9/21/92 /CONTACT: Russell R. Miller, chairman, or Alice Berryesa, director of marketing, of Russell Miller Inc., 415-956-7474/ (TIC PA) CO: Travelers; Primerica Corp. ST: Connecticut, New York IN: INS SU: RCN
GT -- SF004 -- 1788 09/21/92 15:09 EDT
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|Date:||Sep 21, 1992|
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