ProAssurance Corp. News

ProAssurance, Pro-Praxis Introduce Excess Package for Complex Healthcare Risks

ProAssurance Corp. of Birmingham, Ala., has launched a new suite of excess insurance coverages, ProAssurance Complex Medicine, or ProCxM, for large healthcare facilities and organizations. This new package of coverages and related services will allow the company to respond more …

ProAssurance Announces Management Promotions, Realignments

Alabama-based ProAssurance Corp. announced a series of promotions and reporting realignments. Effective immediately, Howard H. Friedman is the president of the Healthcare Professional Liability Group within ProAssurance. Chief Financial Officer Edward (Ned) L. Rand assumes additional duties as executive vice …

ProAssurance Completes Acquisition of Eastern Insurance Holdings

Medical professional liability insurer ProAssurance Corp. announced Thursday that its previously announced acquisition of monoline workers’ compensation insurer Eastern Insurance Holdings was completed effective Jan. 1, 2014. Eastern’s shareholders approved the transaction at a special meeting on Dec. 27, 2013. …

ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings

Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc.  in an all-cash transaction that values Eastern at $24.50 per share. Eastern will become a wholly-owned subsidiary of ProAssurance. The transaction, with …

Independent Nevada Doctors to Merge with ProAssurance

ProAssurance Corp. (NYSE: PRA) announced that Independent Nevada Doctors Insurance Exchange, a Nevada reciprocal exchange, will become part of ProAssurance through a conversion from a reciprocal to a stock insurance company and simultaneous merger with a ProAssurance subsidiary. The transaction …