The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Alabama-headquartered ProAssurance is a specialty insurer with expertise in medical liability, products liability for medical technology and life sciences, …
Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit warnings. Below are statements from insurers and reinsurers in …
Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced the creation of a new contingency and sports personal accident business. The team will be led by Martin Lawson, who will be joined by Richard Appleton. Both are …
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 …
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 …
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. …
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 …
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 …
