ProAssurance Announces Election of Richard J. Bielen, Staci M. Pierce to Board of Directors

May 24, 2024 by matray

ProAssurance Corp. announced at its annual meeting of shareholders on May 22 that shareholders had elected new directors Richard J. Bielen, CPA, and Staci M. Pierce, JD, and re-elected directors Bruce D. Angiolillo, J.D. (chairman), and Samuel A. Di Piazza, Jr., CPA, to serve three year terms expiring at the company's 2027 annual meeting. The company's board of directors now consists of 10 members, down from the previous 12.

Shareholders also approved the ProAssurance Corp. 2024 Equity Incentive Plan and ratified the selection of Ernst & Young, LLP as the independent auditing firm for the fiscal year ending Dec. 31, 2024. Acting on matters related to compensation, shareholders approved, on an advisory basis, the compensation of named executive officers. According to ProAssurance, all proposals on the ballot were approved by a substantial supermajority of votes cast.

Bielen is the president and chief executive officer of Protective Life Corp. He brings more than 35 years of experience in various executive roles in the financial services industry.

Pierce is the chief executive officer at Action Resources, a transportation and environmental services company headquartered in Birmingham, Ala. She brings more than eight years of executive and leadership experience in the transportation and environmental services industries. She also spent five years as a practicing attorney.

"ProAssurance looks to its board of directors for a diversity of viewpoints, backgrounds, and experience, among other skills," said Ned Rand, ProAssurance Corp. president and chief executive officer. "With the addition of Rich and Staci, our board is even better positioned as a resource as we work to achieve our objectives in our core lines of insurance - medical professional liability and workers’ compensation.”    

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