--- title: ProAssurance Completes NORCAL Acquisition description: ProAssurance has announced the completion of their NORCAL acquisition. ProAssurance on track to be third-largest physician med-mal writer. image: https://www.ethosinsurance.com/hubfs/Industry%20News.jpg --- [Skip to main content](https://www.ethosinsurance.com/blog/proassurance-norcal-acquisition#maincontent) [«  View All Posts](https://www.ethosinsurance.com/blog) [ Industry News ](https://www.ethosinsurance.com/blog/topic/industry-news) # ProAssurance Completes NORCAL Acquisition May 6th, 2021 | 1 min. read By [David Huss](https://www.ethosinsurance.com/blog/author/david-huss) ![](https://www.ethosinsurance.com/hubfs/Industry%20News.jpg) ProAssurance has announced the transaction to merge NORCAL Group into the ProAssurance family of companies is now complete.  This after NORCAL Mutual Insurance Company concluded a successful demutualization process on 4/26/21.  Base consideration for the transaction was $450 million, with a contingent consideration of up to $150 million that is dependent on the actual performance of the acquired book of business.  We understand this transaction makes ProAssurance the third largest physicians med-mal writer in the U.S. Follow [this link](https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.proassurance.com%2Fglobalassets%2Finvestor-relations%2F7n1f-norcal-closure-release.pdf&data=04%7C01%7Cleej%40affirma.com%7C5c18c139eb384f4c5f4d08d910bb7ceb%7C65265dd04b2044a4aca4b7ecbb143664%7C0%7C0%7C637559219722237291%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=8ZNKUQflEjVeD8yVyN5XRdYHUT8KZjAeh3mfEqDz%2F74%3D&reserved=0) for a complete copy of ProAssurance’s official press release. Visit [Ethos](https://www.ethosinsurance.com/) for more insights and news from the industry. [ David Huss ](https://www.ethosinsurance.com/blog/author/david-huss) David is Ethos’ Co-Founder and Chief Production Officer. He has decades of experience in the insurance industry during which he has played many roles, including that of a contract writer for a reinsurance brokerage firm, a management liability underwriter and, over the past 20 years, a wholesale broker focused exclusively on the healthcare professional liability (HPL) space. As a true HPL specialist David possesses a comprehensive understanding of professional liability exposures in the healthcare industry and is well-versed in the products and capabilities of Ethos’ numerous carrier partners. His role at Ethos includes supporting production support staff in their effort to efficiently solve HPL-related problems for retail customers, mentoring Ethos’ business development staff and working to develop and maintain relationships with carrier business development staff and underwriters. Personally, David enjoys building things, whether they be home projects or business ventures. He also enjoys sharing good food and good wine with friends and family. David looks forward to continuing to build Ethos and serving retail customers for years to come. Connect: [mailto:dhuss@ehtosinsurance.com](mailto:dhuss@ehtosinsurance.com) Don't forget to share this post: ## Related Articles [### Industry News: TDC Completes Acquisition of ProAssurance June 26th, 2026|1 min read ](https://www.ethosinsurance.com/blog/industry-news-tdc-completes-acquisition-of-proassurance) [### Zurich to Acquire Beazley in £8 Billion ($11 Billion) Deal February 26th, 2026|3 min read ](https://www.ethosinsurance.com/blog/zurich-to-acquire-beazley-in-8-billion-11-billion-deal) [### Industry News: Sompo to Acquire Aspen in $3.5 Billion Cash Deal September 3rd, 2025|2 min read ](https://www.ethosinsurance.com/blog/industry-news-sompo-to-acquire-aspen-in-3.5-billion-cash-deal) [### Industry News: CARE Risk Retention Group Placed into Rehabilitation by Vermont DFR April 29th, 2025|1 min read ](https://www.ethosinsurance.com/blog/industry-news-care-risk-retention-group-placed-into-rehabilitation-by-vermont-dfr) [### Hudson Launches Digital Health Program April 10th, 2024|1 min read ](https://www.ethosinsurance.com/blog/hudson-launches-digital-health-program) [### American Physician Partners (APP) Goes Out of Business; Hardships Following No Suprises Act (NSA) August 22nd, 2023|1 min read ](https://www.ethosinsurance.com/blog/american-physician-partners-app-goes-out-of-business-hardships-following-no-suprises-act-nsa) [### MagMutual Completes Acquisition of MDAdvantage August 9th, 2023|1 min read ](https://www.ethosinsurance.com/blog/magmutual-completes-acquisition-of-mdadvantage) [### MagMutual Announces New Combination Cyber & Regulatory Liability Policy April 28th, 2023|1 min read ](https://www.ethosinsurance.com/blog/magmutual-announces-new-combination-cyber-regulatory-liability-policy) [### Pennsylvania Loosens Venue Laws for Medical Malpractice Suits November 3rd, 2022|3 min read ](https://www.ethosinsurance.com/blog/pennsylvania-loosens-venue-laws-for-medical-malpractice-suits) [### Core Specialty Acquires Hallmark E&S November 1st, 2022|2 min read ](https://www.ethosinsurance.com/blog/core-specialty-acquires-hallmark-es) [### What Is the New MICRA and What Does It Change? 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