Fitch moves ProAssurance view to stable

Fitch Ratings said it revised its outlook for ProAssurance Corp. to stable from negative and affirmed its BBB issuer and senior unsecured ratings.

“The outlook revision to stable from negative reflects the successful integration of Norcal Group, which was acquired in May 2021. In particular, Fitch's concerns about Norcal's reserves and profitability have been ameliorated to a level more consistent with a stable outlook,” the agency said in a press release.

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