ProAssurance Corporation

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance and reinsurance products in the United States. It operates through three segments: Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance, along with a Corporate segment. The company offers professional liability insurance to healthcare providers and institutions as well as attorneys and their firms, medical technology liability insurance to medical technology and life sciences companies, and custom alternative risk solutions including assumed reinsurance and captive cell programs for healthcare professional liability insureds. It also provides workers' compensation insurance products such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions including program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. Products are marketed through independent agencies and brokers and through an internal business development team. ProAssurance Corporation was founded in 1976 and is headquartered in Birmingham, Alabama.

PRA▼

EMPLOYERS appoints Jeffrey P. Lisenby as Executive Vice President, General Counsel

EMPLOYERS has appointed Jeffrey P. Lisenby as Executive Vice President, General Counsel. Lisenby joins from ProAssurance Corporation, where he spent 25 years as Executive Vice President, General Counsel, and Corporate Secretary. He will advise on insurance regulatory compliance, corporate governance, and other legal matters. EMPLOYERS is a leading provider of workers' compensation insurance for small and mid-sized businesses.

EIG ▲PRA ▼

EIG · Capital · Positive Appointment of experienced general counsel from ProAssurance strengthens legal and regulatory leadership.

PRA · Capital · Negative Loss of a long-tenured executive vice president and general counsel.

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NETSTREIT to join S&P SmallCap 600, replacing ProAssurance

NETSTREIT will replace ProAssurance in the S&P SmallCap 600 before trading begins on June 29, according to S&P Dow Jones Indices. The change follows the pending acquisition of ProAssurance by The Doctors Company in an all-cash deal expected to close soon, subject to final closing conditions.

NTST ▲PRA ▼

NTST · Capital · Positive Netstreit is joining the S&P SmallCap 600 index, which typically attracts index fund buying and increases visibility.

PRA · Capital · Negative ProAssurance is being removed from the S&P SmallCap 600 due to its pending acquisition, which may lead to selling pressure from index funds.

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Seeking Alpha·102dRead more →