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ProAssurance Corporation (PRA)

NYSE - NYSE Delayed price. Currency in USD
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12.53-0.28 (-2.19%)
At close: 04:00PM EDT
12.53 -0.00 (-0.01%)
After hours: 05:29PM EDT

ProAssurance Corporation

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

Sector(s)Financial Services
IndustryInsurance - Property & Casualty
Full-time employees1,094

Key executives

NameTitlePayExercisedYear born
Mr. Edward Lewis Rand Jr., CPAPresident, CEO & Director1.53MN/A1967
Mr. Jeffrey Patton Lisenby Esq.Executive VP, General Counsel, Corporate Secretary & Head of Corporate Legal Department720.51kN/A1969
Mr. Robert David FrancisPresident of Healthcare Professional Liability881.88kN/A1963
Mr. Kevin Merrick Shook CPAPresident of Workers Compensation Insurance - Eastern Alliance Insurance Group710.05kN/A1969
Mr. Lawrence K. CochranChief Investment Officer, Head of Treasury & VPN/AN/AN/A
Ms. Kathryn Anne Neville Esq.Chief Compliance Officer & VPN/AN/AN/A
Ms. Noreen L. Dishart CCP, SPHRChief Human Resources Officer & Executive VPN/AN/A1964
Mr. Darryl Keith ThomasSenior VP & Chief Claims Officer954.43kN/A1958
Luke Cicchinelli D.P.M.Chief Medical DirectorN/AN/AN/A
Ms. Karen Marie Murphy J.D.President of Life SciencesN/AN/A1965
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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 1 June 2024 is 3. The pillar scores are Audit: 6; Board: 2; Shareholder rights: 7; Compensation: 1.

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 10 indicates higher governance risk.