The Doctors Company to acquire ProAssurance for $1.3bn.

The Doctors Company, a physician-owned medical malpractice insurer, agreed to acquire ProAssurance, a specialty insurer with extensive expertise in medical liability, products liability for medical technology and life sciences, for $1.3bn. “We are excited to further our mission to advance, protect, and reward the practice of good medicine to an even greater number of healthcare providers across the nation. Healthcare is a team sport and the teams are getting larger. In order to provide them the best imaginable service requires a mission-based company with nationwide scale, resources and dedication to all medical professions and healthcare providers. The addition of ProAssurance to The Doctors Company significantly enhances our ability to serve healthcare professionals now and well into the future," Richard E. Anderson, The Doctors Company MD, FACP, Chairman and Chief Executive Officer.