ProAssurance Acquires NORCAL Group
February 20, 2020
ProAssurance Corporation has signed a definitive agreement to acquire NORCAL Group, combining two specialty medical professional liability insurers to create the nation’s third-largest MPL carrier. The deal is intended to expand ProAssurance’s national footprint, enhance financial strength and data analytics capabilities, and deliver broader products and services to policyholders and distribution partners.
- Buyers
- ProAssurance Corporation
- Targets
- NORCAL Group
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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