The Doctors Company Completes $1.3 Billion Acquisition of ProAssurance
June 26, 2026
byThe Doctors Company announced today that it has completed the acquisition of ProAssurance Corp. The combined company will protect
more than 200,000 healthcare professionals and organizations nationwide with assets of $12 billion.
“We are building the most trusted and capable medical professional liability and specialty lines insurer in America,” said Richard E. Anderson, MD, FACP, chairman and chief executive officer of The Doctors Company and TDC Group. “This partnership brings together two mission-driven organizations that share a deep commitment to advocacy, exceptional service and long-term stability in a complex healthcare landscape. Together, we are better positioned than ever to deliver on our mission to advance, protect and reward the practice of good medicine.”
The Doctors Company acquired all outstanding shares of ProAssurance for $25 per share in cash, for a total value of approximately $1.3 billion. ProAssurance shareholders approved the transaction in June 2025. In connection with the closing of the acquisition, ProAssurance’s common stock will be deregistered with the Securities and Exchange Commission and delisted with NYSE. Public trading of ProAssurance securities has ceased.
ProAssurance will function as a wholly owned subsidiary of The Doctors Company while a review process is conducted to identify the optimal operating structure.
CityBusiness, recognizing the company's long-term growth, community involvement and ability to adapt to changing business conditions.
adding a veteran industry leader with extensive experience in underwriting, corporate governance and insurance mergers and acquisitions.
litigation firm. He joined Wilson Elser on June 15 and will be based in the firm's White Plains office, serving clients throughout the New York metropolitan area.
platform designed to help physicians address patient safety concerns, reduce clinical risk and better understand emerging medical liability exposures.
Diamond has more than two decades of specialty claims experience and most recently served as group chief claims and litigation officer at Beazley. During her tenure, she led high-performing, industry-renowned teams across multiple lines of business and held global leadership positions across complex claims and cyber & technology.
representing the MPL insurance community — elected Natasha Anning, Mike Beckett and Edward G. Marley to serve three-year terms on the association’s board of directors.
leader Owen Garrick, MD, to its Board of Governors.