ProAssurance Completes NORCAL Transaction
May 6, 2021
ProAssurance Corp. announced its acquisition of NORCAL Mutual Insurance Co. was completed May 5, 2021. NORCAL’s members approved the transaction at a special meeting on April 26. Under terms of a previously announced agreement, NORCAL became part of ProAssurance following its demutualization. Through its tender offer to NORCAL policyholders who… Continue reading...
ProAssurance to Acquire NORCAL Group
February 20, 2020
ProAssurance Corp. and NORCAL Group announced today the signing of a definitive agreement under which NORCAL would become a part of ProAssurance in a $450 million transaction following the demutualization of NORCAL Mutual Insurance Company (NORCAL Mutual), NORCAL's ultimate controlling party. The demutualization and the acquisition agreement are mutually contingent,… Continue reading...
ISMIE Mutual Announces Completion of SEMPIC Merger
December 2, 2019
The ISMIE Mutual Insurance Company is pleased to announce the completion of a merger with the Southeast Michigan Physicians’ Insurance Company (SEMPIC) after receiving all required regulatory approvals. SEMPIC has been providing comprehensive medical professional liability insurance for Detroit Medical Center (DMC) physicians for more than 10 years with high-quality risk management… Continue reading...
Acadia Professional Acquires Toro Risk Consulting Group
October 4, 2019
Acadia Professional, a medical professional liability insurance agency, announced the acquisition of Toro Risk Consulting Group, a healthcare consulting firm that primarily works with emerging companies to support providers in value-based care programs. “Traditional medical malpractice risk can no longer be viewed in a silo. Toro brings a deeper understanding… Continue reading...