ProAssurance Group
-
There is a long waiting list of carriers looking to pull the IPO trigger, but market conditions remain tough. -
ProAssurance brands will be transitioned to The Doctors Company in "all/most markets" over time.
-
The Californian insurer is buying the medmal carrier for $25.00 per share, or a ~60% premium.
-
Profitability over growth continues to be the company’s “mantra”.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Rand said the company remains “very bullish on the long-term value that NORCAL brings.”
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier’s comments on claims severity should serve as a warning for the industry
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
Related
-
ProAssurance profitability push ‘taking longer than expected’: CEO Rand
February 28, 2024 -
Need to Know: AIG, Hamilton IPO, Sutton National
November 10, 2023 -
Need to Know: Risk Strategies, Q2 earnings, Vesttoo
August 09, 2023