Jacksonville to be established as new Southeast Regional office
NORCAL Mutual Insurance Company (NORCAL) completed its acquisition of FD Insurance (FD), the largest domiciled medical malpractice provider for physicians and surgeons in Florida. This acquisition expands NORCAL’s national footprint and establishes Jacksonville, Florida as the company’s new Southeast regional office.
“We’re very pleased to bring together two physician-focused companies and welcome our new Jacksonville team members. Their expertise in the Florida market strengthens our regional knowledge and reinforces our commitment to the Southeast,” said NORCAL President and CEO Scott Diener.
FD Insurance has 24 employees, serves over 2,200 Florida health care providers, and has annualized gross written premium of approximately $28 million.
NORCAL’s financial stability has earned an “A” (Excellent) rating from A.M. Best for 32 consecutive years. NORCAL intends to pursue an A.M. Best rating for FD Insurance in the near future.