Berxi Enters Strategic Alliance with Vizient Insurance Services to Offer Medical Malpractice Insurance to Members

March 2, 2020 by matray

Berxi, part of Berkshire Hathaway Specialty Insurance, recently announced that it has entered into a strategic alliance with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer medical malpractice insurance products to Vizient member allied health professionals through an enhanced digital experience. The agreement with Vizient, a member-driven… Continue reading...

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ProAssurance to Acquire NORCAL Group

February 20, 2020 by matray

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...

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The Hilb Group Strengthens Medical Professional Liability Program with Acquisition of BR Vital Brokerage

January 22, 2020 by matray

The Hilb Group announced the acquisition of New York-based BR Vital Brokerage. The transaction became effective January 1, 2020. Based in Brooklyn, New York, BR Vital Brokerage is an independent brokerage primarily providing property and casualty insurance with a specialty in providing liability coverage to medical professionals. Steven Bykovsky, owner… Continue reading...

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Hub International Acquires Nebraska-based SilverStone Group

December 5, 2019 by matray

Hub International Ltd. announced that it has acquired SilverStone Group. Terms of the transaction were not disclosed. With SilverStone, the company creates a new regional hub to be called Hub Great Plains, which will include and cover existing operations in Omaha, Neb.; Sioux Falls, S.D.; and St. Paul, Minn. Headquartered… Continue reading...

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ISMIE Mutual Announces Completion of SEMPIC Merger

December 2, 2019 by matray

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...

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Acadia Professional Acquires Toro Risk Consulting Group

October 4, 2019 by matray

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...

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The Doctors Company Completes Acquisition of Hospital Insurance Co., FOJP Service Corp. in New York

August 1, 2019 by matray

The Doctors Company has completed the purchase of Hospitals Insurance Company (HIC), a New York State admitted and licensed insurance company, and FOJP Service Corp., a New York service organization that provides third-party comprehensive insurance and risk management advisory services to HIC-insured hospitals. The purchase price is $650 million, subject… Continue reading...

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NY DFS Approves Acquisition of Hospital Insurance Company by The Doctors Company

June 20, 2019 by matray

Acting New York Financial Services Superintendent Linda A. Lacewell today announced that the Department of Financial Services (DFS) has approved the application of The Doctors Company (TDC) to purchase Hospitals Insurance Company (HIC) from Maimonides Health Resources, Inc., Montefiore Medicine Academic Health System, Inc. and Mount Sinai Health System, Inc.,… Continue reading...

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The Hilb Group Acquires Keane Insurance Group

May 22, 2019 by matray

The Hilb Group, LLC, a middle-market insurance agency headquartered in Richmond, Va., and a portfolio company of the private equity firm Abry Partners, announced today the acquisition of Missouri-based The Keane Insurance Group, Inc. The transaction became effective May 1, 2019. Founded in 1995, The Keane Insurance Group is an… Continue reading...

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Hub International Limited Acquires Assets of RIMS Insurance Brokerage Corporation

May 9, 2019 by matray

Hub International Limited (Hub) has acquired the assets of RIMS Insurance Brokerage Corp. Terms of the transaction were not disclosed. Located in Providence, R.I., RIMS Insurance Brokerage Corp., has offered medical professional liability insurance as well as life, health, disability, worker’s compensation, business owner’s insurance and other coverages since 1988.… Continue reading...

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