ProAssurance CEO Starnes to step down after 12 years, is replaced by COO Rand

Specialty insurance company ProAssurance Corporation has appointed Edward Rand, Jr., the company’s president and chief operating officer, to succeed Stancil Starnes as chief executive officer from July 1, 2019.

Starnes has served as the company's CEO for the last 12 years. He will transition into the role of executive chairman of the board.

ProAssurance said that under Starnes’ leadership the company has made the successful transition from a regional, monoline insurer into a specialty insurer with business in all 50 states and two international operations.

Starnes said: “Ned Rand stands out as one of the most talented business executives with whom I have ever worked. He has been instrumental in developing the strategic vision for ProAssurance. His grasp of our business, his engagement with our workforce and distribution partners, and his vision for the Company’s long-term success gives me great confidence in the future of ProAssurance. I look forward to working with him and the Board, and seeing the new heights to which ProAssurance will ascend.”

Rand commented: “I am honored to succeed Stan as CEO. With the strong foundation that has been built under Stan’s leadership, ProAssurance is extremely well positioned for success. I look forward to working with Stan and everyone at ProAssurance as we deliver on the promise of Treated Fairly and continue with the legacy that Stan has established.”

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