ProAssurance (NYSE:PRA) (NYSE: PRA) is a property and casualty insurance holding company headquartered in Birmingham, Alabama, with a primary focus on professional liability coverages. Since its inception in 1976, the company has built a specialty platform devoted to insuring healthcare professionals and institutions. Through its portfolio of underwriting subsidiaries, ProAssurance offers medical professional liability insurance aimed at physicians, surgeons, hospitals, allied health providers and long-term care facilities, supported by robust claims management and risk control services.
In addition to core medical professional liability products, ProAssurance provides a suite of complementary lines, including management liability, general liability and various excess and umbrella solutions. The company’s risk retention group structure enables flexible capacity for complex exposures, while its Lloyd’s syndicate in London broadens its ability to underwrite international risks and niche specialty classes. ProAssurance also partners with reinsurers and maintains conservative reserving practices to support long-term policyholder commitments.
ProAssurance serves customers across all 50 U.S. states, with particularly deep penetration in the Southeast, Midwest and Northeast markets. Its distribution network spans independent agents, brokers and direct relationships with healthcare systems. The company invests in proprietary data analytics and loss prevention programs, offering clients education, peer review facilitation and clinical risk management resources aimed at reducing claims frequency and severity.
Led by President and Chief Executive Officer Theodore E. Hancock III and a senior leadership team with extensive insurance and healthcare industry experience, ProAssurance emphasizes financial discipline and underwriting rigor. The board and executive management continue to pursue targeted acquisitions and organic growth opportunities, while reinforcing the company’s commitment to policyholder service, operational efficiency and prudent capital management.
