MDUConnect will provide additional member services of a scale and depth that will “really differentiate itself” from anything else in the market, the firm’s insurance director has told

ProAssurance’s combined ratio ticked up 2.7 points to 110.9 percent in Q2 2024 as both its net loss and underwriting expense ratios increased during the period, while the carrier’s operating income per diluted share for the three month stretch came in ahead of analysts’ consensus forecast.

Acrisure’s John Sutton reflects on the evolution of the London healthcare market.

ProAssurance’s share price closed up almost 9.5 percent on Tuesday as investors responded favourably to the firm’s marginal Q1 2024 earnings beat, while the carrier’s management painted a healthcare liability pricing picture that remains challenging partly because of mutuals’ ability to underwrite to different profitability targets.

Rate rises are needed across the entire medical professional liability (MPL) market with the sector’s loss environment showing no sign of improvement as social and medical inflation continue to push judgments and settlements higher, according to ProAssurance president and CEO Ned Rand.

Alera Group has strengthened its healthcare offering with the acquisition of medical malpractice focused CLS Healthcare Liability Specialists.

Medical professional liability-focused insurtech MGA NOW Insurance has launched two new programs targeted at physicians and physician groups that will be written on the capacity of Arch Insurance,

CAC Specialty has added Lockton’s Liz Stelly to its growing healthcare practice, with the professional liability and medical malpractice specialist joining the broker as a senior vice president,

Arthur J Gallagher has continued its buy-up of retail agencies to deepen its geographic and product footprint with the acquisition of certain assets of East Lansing, Michigan-based Coverys Insurance Services.

QBE North America has added John Livatino to its roster, with the new hire from Beazley joining the company as head of healthcare liability.

ProAssurance’s stock fell another 6.3 percent during trading on Friday, adding to the 21.9 percent slide the carrier’s share price suffered on Thursday.

ProAssurance’s stock plummeted 21.9 percent during trading Thursday as investors responded to its substantial Q3 2023 earnings miss, as well as to the commentary from the carrier’s management on the impact “pervasive” high medical inflation is having on its workers’ compensation and professional liability offerings.

NOW Insurance is poised to bring a suite of surplus lines medical malpractice-related products to market in the coming months after the insurtech MGA welcomed new investment from an Arch Capital subsidiary while also agreeing a capacity deal with Arch Insurance North America.

CAC Specialty has made another hire to its newly formed healthcare practice following the arrival of Erin McDevitt from WTW,

Medical professional liability (MPL) specialists Curi Holdings and Constellation Inc have agreed to merge in a deal that will create an enlarged business generating some $400mn in revenue each year and which serves over 50,000 physicians, healthcare providers, and organizations across the US.