NORCAL Mutual Insurance Co. has completed its acquisition of FD Insurance, a Florida domiciled medical malpractice provider for physicians and surgeons. This acquisition expands NORCAL’s national footprint and establishes Jacksonville, Fla. as the company’s new Southeast regional office.
“We’re very pleased to bring together two physician-focused companies and welcome our new Jacksonville team members. Their expertise in the Florida market strengthens our regional knowledge and reinforces our commitment to the Southeast,” said NORCAL President and CEO Scott Diener.
FD Insurance has 25 employees, serves over 2,200 Florida health care providers, and has annualized gross written premium of approximately $28 million.
NORCAL’s financial stability an “A” rating from A.M. Best and intends to pursue an A.M. Best rating for FD Insurance in the near future.
NORCAL Mutual is a policyholder-owned and physician-directed medical professional liability carrier.