| OMB APPROVAL | | | | OMB Number: 3235-0287 | | Expires: January 31, 2005 | | Estimated average burden | FORM 4 | hours per response......0.5 | U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 [_] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Kallop Arthur George ------------------------------------------------------------------------------- (Last) (First) (Middle) c/o NYMAGIC, INC. 330 Madison Avenue ------------------------------------------------------------------------------- (Street) New York, NY 10017 ------------------------------------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol NYMAGIC, INC. ("NYM") ------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Day/Year SEPTEMBER 18, 2002 ------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify title below) Executive Vice President ---------------------------------------- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [_] Form filed by More than One Reporting Person -------------------------------------------------------------------------------

Signed for Arthur George Kallop pursuant to a power of attorney on file with the Securities and Exchange Commission. /s/ Paul J. Hart 10/15/02 -------------------------------------------- ----------------------- Attorney-In-Fact Date **Signature of Reporting Person ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2

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