GLASTONBURY, CT – Integris Group, a leading member-owned medical professional liability insurance company, is pleased to announce the purchase of 100% of the stock of MedMal Direct Insurance Company (MDIC), and its agency, CorePRO Insurance, from Physicians Trust, Inc. (PTI). The transaction, having received PTI shareholder and regulatory approvals, closed December 31, 2023.
“We are pleased to welcome the MDIC and CorePRO team to the Integris family through the completion of this transaction,” said Stephen J. Gallant, Chief Executive Officer of Integris Group. “The combined knowledge, experience, and expertise of the newly integrated teams will greatly enhance our market position and expedite our ability to continue to expand the Company’s geographical footprint, delivering exceptional products and services to a wider market.”
Mr. Gallant continued, “The team at MDIC has built a solid reputation for providing policyholders with outstanding service and quality products. We are very fortunate to be joining forces with this outstanding group of professionals. MDIC policyholders will continue to enjoy the same great service and products as they do today.”
Integris Group operates primarily in Connecticut and Massachusetts with its headquarters located in Glastonbury, CT. MDIC operates primarily in Florida, Georgia, and Texas and is headquartered in Jacksonville, FL. The combined companies will be licensed to transact business in 22 states and the District of Columbia.
About Integris Group
Integris Group, a Mutual Insurance Holding Company, includes Integris Financial Services, Integris Insurance Company, and Integris Risk Retention Group. Integris Group is a leader in developing innovative insurance programs, services, and solutions for healthcare providers since 1984. For more information, visit the Integris Group website at www.integrisgrp.com.
About MedMal Direct Insurance Company
MedMal Direct Insurance Company is a direct-to-consumer medical professional liability carrier providing innovative coverage solutions to healthcare providers since 2010. For more information, visit the MedMal Direct Insurance Company website at www.medmaldirect.com.