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M&A Deal Summary

ProAssurance Acquires NORCAL Group

On February 20, 2020, ProAssurance acquired insurance company NORCAL Group

Acquisition Highlights
  • This is ProAssurance’s 5th transaction in the Insurance sector.
  • This is ProAssurance’s 5th transaction in the United States.
  • This is ProAssurance’s 1st transaction in California.

M&A Deal Summary
Date 2020-02-20
Target NORCAL Group
Sector Insurance
Buyer(s) ProAssurance
Deal Type Add-on Acquisition
Advisor(s) Waller Helms Advisors
Piper Sandler & Co. (Financial)
McDermott Will & Emery
Mayer Brown (Legal)

Target

NORCAL Group

San Francisco, California, United States
NORCAL Group of companies provide medical professional liability insurance, risk management solutions and provider wellness resources to physicians, healthcare extenders, medical groups, hospitals, community clinics, and allied healthcare facilities throughout the country. NORCAL Group was founded in 1975 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

ProAssurance

Birmingham, Alabama, United States
Category Company
Founded 1976
Sector Insurance
Revenue 1.1B USD (2024)
DESCRIPTION

ProAssurance is an insurance company with extensive expertise in medical professional liability, products liability for medical technology and life sciences and legal professional liability. ProAssurance was founded in 1976 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 5 of 5
Sector: Insurance M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-24 Eastern Alliance Insurance Group

Lancaster, Pennsylvania, United States

Eastern Alliance Insurance Group offers insurance and reinsurance products and services to businesses and organizations. Eastern Alliance Insurance Group is based in Lancaster, Pennsylvania.

Buy $205M
Mergr

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Legal