ProAssurance Corporation (PRA)

13.74 +0.05 (+0.37%) At close: 04:00PM EDT

ProAssurance Corporation

100 Brookwood Place
Birmingham, AL 35209
United States
205 877 4400
https://www.proassurance.com

Sector(s): Financial Services
Industry: Insurance - Property & Casualty
Full Time Employees: 1,094

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Edward Lewis Rand Jr., CPA	President, CEO & Director	1.53M	N/A	1967
Mr. Jeffrey Patton Lisenby Esq.	Executive VP, General Counsel, Corporate Secretary & Head of Corporate Legal Department	720.51k	N/A	1969
Mr. Robert David Francis	President of Healthcare Professional Liability	881.88k	N/A	1963
Mr. Kevin Merrick Shook CPA	President of Workers Compensation Insurance - Eastern Alliance Insurance Group	710.05k	N/A	1969
Mr. Lawrence K. Cochran	Chief Investment Officer, Head of Treasury & VP	N/A	N/A	N/A
Ms. Kathryn Anne Neville Esq.	Chief Compliance Officer & VP	N/A	N/A	N/A
Ms. Noreen L. Dishart CCP, SPHR	Chief Human Resources Officer & Executive VP	N/A	N/A	1964
Mr. Darryl Keith Thomas	Senior VP & Chief Claims Officer	954.43k	N/A	1958
Luke Cicchinelli D.P.M.	Chief Medical Director	N/A	N/A	N/A
Ms. Karen Marie Murphy J.D.	President of Life Sciences	N/A	N/A	1965

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

Corporate Governance

ProAssurance Corporation’s ISS Governance QualityScore as of April 1, 2024 is 3. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 7; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.