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PICI |
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The acquisition of stock in PICI and the recently announced proposed transaction with Physicians Insurance Company of Ohio are consistent with Mutual Assurance's strategy to seek selective growth opportunities in the professional liability market. The purchase of this sizeable block of stock, and our willingness to purchase the remaining outstanding shares, is further evidence of Mutual Assurance's strong commitment to PICI and its policyholders" said Frank O'Neil, Vice-President, Corporate Communications. The strategic alliance formed by Mutual Assurance and PICI will allow both companies to respond to those needs, while maintaining their historic ties with the individual physicians and medical associations in their respective states. |
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