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...

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...

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...

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...

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...

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...

September 6, 2017 by matray

ProAssurance Corp. today announced the establishment of the ProAssurance Endowed Chair for Physician Wellness at the University of Alabama at Birmingham. This academic chair is the first of its kind in the United States. The initial $1.5 million gift to the UAB School of Medicine will endow an academic chair… Continue reading...