Integris Group, a member-owned professional liability insurer based in Connecticut, has agreed to purchase MedMal Direct Insurance Co. and its agency, CorePRO, from Physicians Trust Inc., the firms announced this week.
MedMal Direct is headquartered in Jacksonville, Florida, and operates mostly in Florida, Georgia and Texas. Integris, with offices in Glastonbury, operates primarily in Connecticut and Massachusetts. It was founded in 2010.
The acquisition will expand and diversify the Integris book of business, said Integris CEO Stephen Gallant.
Integris Group, a mutual insurance company, also includes Integris Financial Services, Integris Insurance Co. and Integris Risk Retention Group, the company said. The group has provided insurance for health care providers since 1984.
Topics Mergers & Acquisitions Florida
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
‘Structural Shift’ Occurring in California Surplus Lines 
