ASBESTOS LITIGATION: NYMAGIC Reserves $48.8MM for A&E at Dec. 31

NYMAGIC, INC.’s gross reserves for asbestos and environmental policies were US$48.8 million at Dec. 31, 2008, compared with US$52.4 million at Dec. 31, 2007.

The Company’s ceded reserves for A&E policies were US$37.3 million at Dec. 31, 2008, compared with US$41.5…