Item 8.01. Other Events.

PMA Capital Corporation (the "Company") posted the details of its investment portfolio as of September 30, 2008 and December 31, 2007 on its website at www.pmacapital.com. The schedules, which can be found on the Investor Information section of the Company's website under Financial Reports, contain amortized cost, fair value and unrealized gain (loss) for each individual security. The Company intends to update these schedules only on a quarterly basis. At December 31, 2007, the net unrealized gain of the portfolio, pre-tax was $6.1 million, while at September 30, 2008, the net unrealized loss, pre-tax was $33.1 million. In the third quarter of 2008, the Company reduced, as an other than temporary impairment loss, the amortized cost of its Lehman Brothers senior debt by $8.2 million and its investment in preferred stock of Federal National Mortgage Association by $913,000. These write-downs will be reflected as realized investment losses in the Company's financial results for the three and nine months ended September 30, 2008, which the Company expects to release on November 3, 2008.

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