Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Penn Millers Holding Corporation (“Penn Millers” or the “Company”) (NASDAQ: PMIC) related to the proposed acquisition of the Company by a subsidiary of ACE Limited. The transaction is valued at approximately $104 million or $20.50 per share.

The investigation concerns whether the Board of Directors of Penn Millers breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has sky rocketed from $13.78 on April 15, 2011 to $17.65 on May 10, 2011.

If you are a shareholder of Penn Millers, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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