A.M. Best Revises Outlooks to Negative for ProAssurance Corporation and Certain Subsidiaries

September 26, 2019 by matray

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of certain members of the ProAssurance Group. Concurrently, AM Best has upgraded the FSR to A+ (Superior) from A (Excellent) and… Continue reading...

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ProAssurance Declares Quarterly Dividend

September 5, 2019 by matray

The Board of Directors of ProAssurance Corp. has declared a cash dividend of $0.31 per common share, payable on Oct. 11, 2019, to shareholders who own our stock as of Sept. 27, 2019. The company's dividend policy anticipates a total annual dividend of $1.24 per share, to be paid in… Continue reading...

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ProAssurance to Report Results, Longterm Strategy at Keefe, Bruyette & Woods 2019 Insurance Conference

August 27, 2019 by matray

ProAssurance Corp. president and chief executive officer Edward L. Rand, Jr., will discuss the medical professional liability insurance company’s recently reported results, current market trends and long-term strategy during a question and answer session with investors at the Keefe, Bruyette & Woods 2019 Insurance Conference on Thursday, Sept. 5, 2019,… Continue reading...

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ProAssurance Named a Ward’s 50 Company for the Thirteenth Consecutive Year

July 17, 2019 by matray

ProAssurance Corp. has been named to the Ward’s 50 for 2019. This is the thirteenth-consecutive year the Ward Group has recognized ProAssurance as one of America’s fifty top performing property-casualty insurance companies. To be included in the Ward’s 50, companies are subject to a rigorous evaluation process that includes financial… Continue reading...

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Fitch Downgrades ProAssurance’s HoldCo Ratings; Affirms IFS Ratings at ‘A’

June 6, 2019 by matray

Fitch Ratings has affirmed ProAssurance Corporation’s (PRA) subsidiaries Insurer Financial Strength (IFS) ratings at 'A' (Strong). Fitch has downgraded PRA's senior unsecured debt to 'BBB' from 'BBB+' and its Issuer Default Rating (IDR) to 'BBB+' from 'A-'. The Rating Outlook is Stable. A full list of rating actions follows at… Continue reading...

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ProAssurance Announces Results from 2019 Annual Meeting of Shareholders

May 23, 2019 by matray

Shareholders of ProAssurance Corp, acting at yesterday’s Annual Meeting of Shareholders, cast approximately 95 percent of their votes to elect Edward L. Rand, Jr., president and chief operating officer of ProAssurance, to its Board of Directors for a one-year term ending at the Annual Meeting of Shareholders in 2020. Shareholders… Continue reading...

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ProAssurance Details New Specialty P&C Management Structure

April 8, 2019 by matray

ProAssurance Corp. provided details of a revised management structure for its newly formed Specialty P&C operating division, which comprises all of ProAssurance's professional and product liability operations. As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May 13, 2019. Industry veteran Robert D. Francis will… Continue reading...

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BREAKING NEWS: ProAssurance Announces Leadership Changes

February 21, 2019 by matray

ProAssurance Corp. today announced that Howard H. Friedman will retire from his role as president of Healthcare Professional Liability. He will maintain his employment with the company, overseeing the continued development of the actuarial function. Michael L. Boguski, the current president of Eastern Alliance Insurance Group (Eastern), ProAssurance’s workers’ compensation… Continue reading...

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Medmarc Insurance Group, Pharmacists Mutual Announce a Strategic Alliance to Package All-Lines Insurance Coverage for Life Sciences Companies

February 11, 2019 by matray

Feb 7, 2019--Medmarc Insurance Group, a subsidiary of ProAssurance Corp., and Pharmacists Mutual Group announced a strategic alliance to package industry-specific insurance coverages to the life sciences companies. Insurance brokers who place their medical technology clients with Medmarc will now have access to Pharmacists Mutual for property, general liability, commercial auto, workers compensation, umbrella and employment… Continue reading...

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ProAssurance Promotes Edward L. Rand to Chief Operating Officer

January 23, 2018 by matray

ProAssurance Corp. announced that it has promoted Edward L. "Ned" Rand, Jr., to chief operating officer. In this newly created position Rand will be responsible for the day-to-day operations of ProAssurance, reporting directly to Stan Starnes, chairman and chief executive officer. Rand has served for 13 years as the chief… Continue reading...

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