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A.M. Best Co. has withdrawn the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of
ProAssurance National Capital Insurance (ProAssurance National) (District of Columbia) following its merger with and into
ProAssurance Indemnity Company, Inc. (ProAssurance Indemnity)
On July 1, 2012,
ProAssurance Corporation (PRA) (Birmingham, AL) [NYSE: PRA] completed the merger of these two operating companies. ProAssurance National policyholders have become policyholders of ProAssurance Indemnity as a result of this merger. This transaction is part of PRA’s ongoing strategy to streamline its insurance company structure into fewer operating companies in order to maximize efficiency.