ProAssurance Reports Executive Promotions - Quick Facts

(RTTNews) - ProAssurance Corp. (PRA) announced a series of promotions and reporting realignments designed to address the evolving composition of its business.

Effective immediately, Howard Friedman is the President of the Healthcare Professional Liability Group within ProAssurance. Chief Financial Officer Edward Rand assumes additional duties as Executive Vice President, as does Jeffrey Lisenby, General Counsel for ProAssurance.

The company stated that under Friedman's leadership, the Healthcare Professional Liability Group will encompass all MPL-focused activities within ProAssurance, as well as the operations of all MPL subsidiaries, including PICA, led by its President Ross Taubman, and ProAssurance Mid-Continent Underwriters. Friedman will also oversee the company's investment in Lloyd's Syndicate.

ProAssurance's non-MPL subsidiaries and lines of business will report to Rand. This will include Eastern Insurance, led by its President, Michael Boguski, and Medmarc, led by its President, Mary Todd Peterson, who will also be responsible for Legal Professional Liability business.

The firm noted that Rand will continue to oversee traditional accounting, finance, investment, and investor relations functions, and will be responsible for the organization's information systems and project management office.

The company said Lisenby will continue in his role as General Counsel for ProAssurance. The Company's legal, compliance, and human resources departments will continue reporting to him and he will also be responsible for ProAssurance's various owned and leased facilities.

The ProAssurance Board of Directors approved the executive promotions, as recommended by the Nominating and Corporate Governance Committee.

Other actions recommended by the Committee and approved by the Board include naming Kelly B. Brewer Vice President & Chief Accounting Officer; she will be responsible for all accounting activities within ProAssurance and its subsidiaries. Lawrence K. Cochran was named Vice President, Chief Investment Officer & Head of Treasury and will be responsible for all investing decisions and treasury activities within ProAssurance and its subsidiaries.

Michael Stoeckert was named Vice President and Chief Technology Officer. Kathryn Neville was named Vice President and Chief Compliance Officer. Richard Enders was named Vice President and Chief of Internal Audit; he will continue reporting to Starnes and the Board of Directors.