ProAssurance Corp. acquires NORCAL Mutual

Birmingham-based ProAssurance Corp. has finished its acquisition of NORCAL Mutual. Through its offer to NORCAL policyholders who elected to receive stock in the conversion of NORCAL Mutual, ProAssurance has acquired more than 98% of the stock of NORCAL Insurance Co., the successor to NORCAL Mutual. The base consideration for the transaction at closing is $441…

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