Medical Protective Company (MedPro), a Berkshire Hathaway subsidiary, agreed in terms to purchase 100-percent ownership of Princeton Insurance Company, a Northeast professional liability insurer for health care providers, from Medical Liability Mutual Insurance Company (MLMIC) in an all-cash transaction.

Princeton Insurance employs more than 100 people, serves more than 13,000 health care providers and sees annualized gross written premiums of approximately $140. At the end of Q2, its surplus stood at approximately $400 million.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access