Insurance Brokers M&A » By The Online Investor Staff, updated Fri., Apr. 19, 6:44 AM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
| This Slide: #63 of 100 |
Slide #63. ProAssurance Corporation — Eastern Insurance Holdings, Inc.
Acquirer:
ProAssurance Corporation (PRA)
Acquiree:
Eastern Insurance Holdings, Inc. (EIHI)
Details:
ProAssurance Corporation (NYSE: PRA) and Eastern Insurance Holdings, Inc. (NASDAQ: EIHI) announced today that Eastern Insurance Holdings (Eastern) will merge with a newly formed subsidiary of ProAssurance Corporation (ProAssurance) in an all-cash transaction that values Eastern at $24.50 per share. As a result of the merger, Eastern will become a wholly-owned subsidiary of ProAssurance. The transaction, with an aggregate value of approximately $205 million, is expected to close by January 1, 2014.
ProAssurance is a holding company for property and casualty insurance companies. Co.'s segments are: Specialty Property and Casualty, which includes its professional liability business and medical technology liability business; Workers' Compensation Insurance, which includes its workers' compensation insurance business; Segregated Portfolio Cell (SPC) Reinsurance, which includes its SPC operations, Inova Re, LTD, S.P.C. and Eastern Re, LTD, S.P.C.; Lloyd's of London market Syndicates, which includes its participation in Lloyd's of London Syndicate 1729 and Lloyd's of London Syndicate 6131; and Corporate, which includes its investment operations of its subsidiary, NORCAL Insurance Company.
PRA SEC Filing Email Alerts Service
Open the PRA Page at The Online Investor »
ProAssurance is a holding company for property and casualty insurance companies. Co.'s segments are: Specialty Property and Casualty, which includes its professional liability business and medical technology liability business; Workers' Compensation Insurance, which includes its workers' compensation insurance business; Segregated Portfolio Cell (SPC) Reinsurance, which includes its SPC operations, Inova Re, LTD, S.P.C. and Eastern Re, LTD, S.P.C.; Lloyd's of London market Syndicates, which includes its participation in Lloyd's of London Syndicate 1729 and Lloyd's of London Syndicate 6131; and Corporate, which includes its investment operations of its subsidiary, NORCAL Insurance Company.
PRA SEC Filing Email Alerts Service
Open the EIHI Page at The Online Investor »
|
||||||||||||||||||||||||
|
|||||||||
 Free Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
