Fitch affirms ProAssurance

Fitch Ratings said it affirmed ProAssurance Corp.'s issuer default rating at BBB+.

Fitch said it has also affirmed the A insurer financial strength ratings of the company's primary insurance operating companies.

In addition, Fitch noted that it has assigned an insurer financial strength rating of A to the recently acquired Podiatry Insurance Co. of America subsidiaries.

The outlook on all is stable.

Fitch said that its rating actions consider the solid capital position of ProAssurance's operating subsidiaries, as well as their consistent profitability, financial and operating flexibility, and highly experienced management team.

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