The Doctors Company announced that it has completed its acquisition of ProAssurance Corporation, a specialty insurer with expertise in medical liability, products liability for medical technology and life sciences companies, and workers’ compensation insurance.
The Doctors Company is the nation’s largest physician-owned medical malpractice insurer. The combined company will protect more than 200,000 healthcare professionals and organizations nationwide and have $12 billion in assets.
The Doctors Company acquired all outstanding shares of ProAssurance for $25.00 per share in cash. The transaction had a total value of approximately $1.3 billion.
ProAssurance shareholders approved the transaction in June 2025. In connection with the closing, ProAssurance’s common stock will be deregistered with the Securities and Exchange Commission and delisted from the New York Stock Exchange. Public trading of ProAssurance securities has ceased.
ProAssurance will operate as a wholly owned subsidiary of The Doctors Company while the company conducts a review process to determine the optimal operating structure.
The combination brings together two organizations focused on medical professional liability and specialty insurance. The Doctors Company said the transaction strengthens its ability to support healthcare professionals and organizations through advocacy, service, and long-term stability.
Founded and led by physicians, The Doctors Company is focused on advancing, protecting, and rewarding the practice of good medicine. The company supports hospitals and practices with guidance, resources, coverage, and advocacy across all 50 states and at the federal level.
The Doctors Company is part of TDC Group, a physician-owned provider of insurance and risk management solutions serving the full continuum of care. TDC Group has direct written premium of more than $2.5 billion and $12 billion in assets.
KEY QUOTES:
“We are building the most trusted and capable medical professional liability and specialty lines insurer in America. This partnership brings together two mission-driven organizations that share a deep commitment to advocacy, exceptional service, and long-term stability in a complex healthcare landscape. Together, we are better positioned than ever to deliver on our mission to advance, protect, and reward the practice of good medicine.”
Richard E. Anderson, MD, FACP, Chairman and Chief Executive Officer of The Doctors Company and TDC Group
