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NORCAL Mutual Acquires Renewal Rights from Pennsylvania Physicians’ Reciprocal Insurers (PA PRI)

Feb 6, 2014

Mechanicsburg, PA (February 6, 2014)— NORCAL Mutual Insurance Company has reached an agreement with Physicians Reciprocal Managers, Inc., and Professional Medical Administrators, LLC to purchase the renewal rights of Pennsylvania Physicians Reciprocal Insurers (PA PRI), a reciprocal insurance company. PMSLIC Insurance Company, a wholly owned subsidiary of NORCAL Mutual, will offer renewal terms to PA PRI insureds beginning April 1, 2014.

“As part of our mergers and acquisitions growth strategy, we are pleased to be able to offer our coverage to Pennsylvania PRI physicians and the opportunity for them to share in the benefits of being insured by a member of the NORCAL Group,” said Ron Rumin, senior vice president of business strategies for the NORCAL Group.

PMSLIC has protected Pennsylvania physicians since 1978 as an admitted carrier and proudly shares an "A" Excellent rating from A.M. Best with the NORCAL Group of companies.

The NORCAL Group of Companies

NORCAL Mutual Insurance Company, PMSLIC Insurance Company and Medicus Insurance Company, members of the NORCAL Group of companies, are medical professional liability insurers providing protection to more than 28,000 physicians, healthcare extenders, medical groups, hospitals, community clinics and allied healthcare facilities in the nation. The companies share a group rating of “A” (Excellent) by A.M. Best for their financial strength and stability.

NORCAL Mutual is based in San Francisco, CA, and operates in California, Alaska, Rhode Island and Texas. PMSLIC is based in Mechanicsburg, PA, and operates in Pennsylvania and Delaware. Medicus is based in Austin, TX, and is licensed to sell medical professional liability insurance in 37 states across the nation.