StockNews.AI
PRA
StockNews.AI
153 days

AM Best Comments on Credit Ratings of The Doctors Company Insurance Group Members Following Announced Acquisition of ProAssurance Corporation

1. TDC Group is set to acquire all shares of ProAssurance Corporation. 2. AM Best affirms TDC Group's strong credit ratings, outlook stable.

2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition indicates confidence in PRA's value; similar acquisitions have led to price increases historically.

How important is it?

The acquisition announcement directly impacts PRA’s future valuation and investor sentiment.

Why Long Term?

Market stability post-acquisition will likely bolster PRA's long-term growth potential, as seen with other successful mergers.

Related Companies

TDCAIGMRH
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the members of The Doctors Company Insurance Group (TDC Group) (Napa, CA) are unchanged following the March 19, 2025, announcement that TDC Group will acquire all outstanding shares of ProAssurance Corporation (PRA) (NYSE: PRA) (Birmingham, AL). The outlook of TDC Group's Credit Ratings (ratings) is stable. The.

Related News