Roundstone and ProAssurance Announce Managing General Underwriter Agreement

February 25, 2014: Roundstone Management, Ltd. and ProAssurance Specialty Insurance Company, Inc. are pleased to announce a new Managing General Underwriter Agreement.  This new arrangement provides general liability and professional liability coverage for nursing homes participating in a special program utilizing a reinsurance captive through Roundstone’s segregated account facility.

Michael Schroeder, President of Roundstone, remarks, “After managing a successful program through 2007, we are looking forward to returning to the healthcare professional liability business, especially as there is now a void in the marketplace with the announced exit of American Safety.  We are confident that our new partnership with ProAssurance will help us create new opportunities for our companies, and those we seek to insure.”

 

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