AM Best Comments on TDC Group Ratings Following ProAssurance Acquisition
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of ‘a+’ (Excellent) for the members of The Doctors Company Insurance Group (TDC Group) following the announcement of its acquisition of ProAssurance Corporation (PRA).
The ratings outlook for TDC Group remains stable. This announcement, made on March 19, 2025, concerns a transaction that will combine the second and fourth-largest medical professional liability (MPL) insurers in the United States. The deal is expected to finalize in the first half of 2026, pending regulatory approval. Post-acquisition, ProAssurance will become a wholly owned subsidiary of The Doctors Company.
AM Best’s decision reflects the group’s strong balance sheet, adequate operating performance, neutral business profile, and appropriate enterprise risk management.
In its commentary, AM Best stated that it does not anticipate the acquisition will have any material effect on TDC Group’s rating fundamentals at this time. Given the extended timeline of the transaction, AM Best will continue to independently evaluate both organizations while monitoring the progress and effects of the acquisition.
This consolidation is part of a wider trend of mergers and acquisitions in the insurance sector, where economies of scale and efficiency are increasingly important for competitiveness.
