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.

Edward Rand

Executive Vice President and COO

9 past transactions

Sure Med Compliance

Seed Round in 2022
Sure Med Compliance offers solutions for healthcare insights that include digital health platforms and electronically patient-reported outcomes. The company provides clinical insights that can have an impact on safer prescription choices. Sure Med Compliance's digital health solution reduces the risk for both patients and healthcare professionals, enabling physicians to treat patients who are suffering from pain, dependence, and addiction without worrying about legal repercussions.

Caresyntax

Series C in 2021
Caresyntax is a digital surgery platform that enables OR teams to predict and improve surgical performance. Its enterprise-grade digital surgery platform delivers insights to improve patient outcomes by using proprietary software and AI to analyze large volumes of video, audio, images, device data, clinical, and operational data in and around the OR. Caresyntax insights help surgeons benchmark and improve their care, hospital administrators use surgical resources more efficiently, medical device companies advance better products, and insurance companies understand risk and devise more tailored policies. The software is used in more than 4,000 operating rooms worldwide, has supported more than 30,000 surgeons, and improved care for more than 2 million patients.

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 is the writer of Medical Professional Liability ("MPL") insurance in the state of Nevada.

Medmarc Insurance Group

Acquisition in 2012
Medmarc Insurance Group is the expert in the products liability risks facing medical technology and life sciences companies.

American Physicians Service Group

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