ProMutual Aims To Expand Reach With FinCor Buy

Law360, New York (June 5, 2009, 12:00 AM EDT) -- Medical Professional Mutual Insurance Co., one of the U.S.' largest medical liability insurance providers, has made a move to snap up medical liability insurer and integrated risk management company FinCor Holdings Inc. in a deal that, if approved, would result in a $164 million payout for FinCor shareholders.

Under an agreement inked Thursday, Medical Professional Insurance, or ProMutual, will acquire Michigan-based FinCor and five subsidiaries — MHA Insurance Co., Washington Casualty Co., FinCor Solutions Inc., Risk Management and Patient Safety Institute Inc., and Capital Risk Solutions...
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