Specialty Underwriters' Alliance investor reduces ownership to 3.2%

By Lisa Kerner

Charlotte, N.C., Oct. 16 - The Philip Stephenson Revocable Living Trust sold 498,601 shares of Specialty Underwriters' Alliance, Inc. on Oct. 14 and Oct. 15 priced at $7.00 and $6.96 per share, respectively, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

The trust beneficially owns 458,566 shares, or 3.2%, of the Chicago-based commercial insurance provider.

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