Birmingham, Ala.-based ProAssurance Corp.announced that A. Derrill Crowe, M.D., resigned as non-executive chairman of the board and from his position as a director, for personal reasons. A successor chairman has not been elected.
In resigning, Crowe cited the fact that he is within a few weeks of his 72nd birthday, which is the age when ProAssurance directors (other than the Chairman) are no longer eligible for reelection to the board.
Stan Starnes, ProAssurance’s chief executive officer, said the company accepted Crowe’s resignation reluctantly, but he acknowledged the high esteem in which Crowe will always be regarded.
Crowe will continue to serve as a consultant to the company under the terms of his employment agreement.
ProAssurance Corp.
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