ProMutual News

A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Coverys Specialty Insurance Company. The outlook assigned to both ratings is stable. Coverys Specialty Insurance Company is a New Jersey-domiciled excess …

Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the previously-announced acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha, Nebraska. PPIC was formerly owned by 18 Catholic healthcare systems, seven of which are …