ProAssurance completed the acquisition of NORCAL Group for $450m.

ProAssurance, a specialty insurance provider, completed the acquisition of NORCAL Group, a health care insurance brokerage services, for $450m. "The completion of the NORCAL transaction marks a significant milestone in our Mission to Protect Others. NORCAL is one of the leading writers of medical professional liability insurance in the country. We believe their contributions to our customers and culture will expand our product capabilities with broader geographic scale and efficiencies and will support a true nationwide platform to deliver value to our customers and stakeholders. We are delighted to welcome NORCAL’s employees and policyholders to our family," Ned Rand, ProAssurance President and CEO.