ProAssurance

ProAssurance Corporation is a holding company that specializes in property and casualty insurance, primarily focusing on professional liability insurance in the United States. Founded in 1976, the company operates several wholly-owned subsidiaries located in Alabama, Illinois, Michigan, Nevada, and Vermont. These subsidiaries provide various insurance products, including professional liability coverage for healthcare professionals and facilities, as well as for attorneys, in addition to offering workers' compensation insurance. ProAssurance categorizes its operations into five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. The majority of the company's revenue is derived from its Specialty Property and Casualty segment, with Workers' Compensation contributing as a significant secondary source of income.

Robert Francis

President

Edward Rand Jr.

CEO, President and Board Member

10 past transactions

Caresyntax

Series C in 2024
Caresyntax develops a digital surgery platform that improves patient outcomes by analyzing large volumes of data from operating rooms. Its proprietary software and AI enable OR teams to predict and enhance surgical performance, helping surgeons benchmark their care, hospital administrators optimize resources, medical device companies advance products, and insurance providers assess risk.

Sure Med Compliance

Seed Round in 2022
Sure Med Compliance offers a digital health platform that supports safer exposure to controlled substances by enabling prescribing compliance in hospital and healthcare settings. The platform provides electronic patient-reported outcomes and clinical and medicolegal insights to help clinicians assess treatment options, mitigate medicolegal risk, and improve patient safety and outcomes in pain management, dependence, and addiction care.

Caresyntax

Series C in 2021
Caresyntax develops a digital surgery platform that improves patient outcomes by analyzing large volumes of data from operating rooms. Its proprietary software and AI enable OR teams to predict and enhance surgical performance, helping surgeons benchmark their care, hospital administrators optimize resources, medical device companies advance products, and insurance providers assess risk.

Eastern Insurance Holdings

Acquisition in 2013
Eastern Insurance Holdings, Inc. is a publicly-traded holding company (Nasdaq: EIHI) that through its operating subsidiaries is a specialty underwriter of niche products for commercial markets, with workers' compensation as our principal focus.

IND - Independent Nevada Doctors

Acquisition in 2012
IND - Independent Nevada Doctors is the writer of Medical Professional Liability ("MPL") insurance in the state of Nevada.

Medmarc Insurance Group

Acquisition in 2012
Medmarc Insurance Group specializes in providing insurance services tailored to the unique product liability risks encountered by medical technology and life sciences companies. The company is dedicated to supporting the development, testing, and delivery of products that enhance and save lives by ensuring the availability and affordability of liability insurance. Medmarc offers a comprehensive range of services, including property and casualty insurance, loss control, underwriting, reinsurance, risk management, and claims management. By focusing on these critical areas, Medmarc aims to safeguard the interests of its clients in the medical and life sciences sectors, helping them navigate the complexities of product liability.

American Physicians Service Group

Acquisition in 2010
American Physicians Service Group provides medical professional liability insurance and related services.

Podiatry Insurance Company of America

Acquisition in 2009
Podiatry Insurance Company of America is the nation's provider of medical professional liability insurance.

NCRIC Group

Acquisition in 2005
NCRIC Group is a holding company which owns NCRIC, Inc., a medical professional liability insurance company, and NCRIC MSO, Inc., a physician practice management and financial services company. NCRIC, Inc.'s and NCRIC MSO's principal operations are in the District of Columbia, Maryland and Virginia.
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