October 31, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



The Doctors Company to Acquire Utah Medical Insurance Association

Press Release

October 31, 2012

Utah Medical Insurance Association (UMIA), a provider of medical professional liability insurance for physicians in Utah, Montana, and Wyoming, and The Doctors Company, an insurer of physician and surgeon medical professional liability, announced that they have entered into a merger agreement pursuant to which UMIA will be acquired by The Doctors Company through its wholly owned subsidiary, Underwriter for the Professions Insurance Company. Following the merger, Underwriter for the Professions Insurance Company will change its name to UMIA Insurance Company, a Member of the TDC Group of Companies.

“We believe the partnership between UMIA and The Doctors Company will provide significant value to our physician policyholders,” said Martin J. Oslowski, UMIA’s president and CEO. “Both organizations share a common mission of providing outstanding service to our members, and this synergy was an important factor as we decided to enter into the agreement.”

“We are pleased to announce this partnership between our two physician-owned companies,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “We look forward to welcoming UMIA’s 3,000 policyholders to The Doctors Company group, where they will receive aggressive claims defense, unmatched legislative and patient safety advocacy, outstanding service, and industry-leading benefits. The combined organization will provide UMIA policyholders with the financial strength of a physician-owned insurer with multiple A ratings and a commitment to relentlessly defend, protect, and reward its members.”

With this merger, The Doctors Company will further enhance its position as the nation's leading insurer of physician and surgeon medical liability, bringing the number of physician policyholders to 76,000.

The UMIA Board of Governors unanimously approved the transaction and resolved to recommend that UMIA’s subscribers approve the Merger Agreement. The transaction is expected to close before the end of the first quarter of 2013 and is subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of UMIA’s subscribers voting on the transaction. The Merger Agreement includes a termination fee payable to The Doctors Company by UMIA under certain circumstances in the event the Merger Agreement is terminated.

UMIA will provide its subscribers with a proxy statement in connection with seeking their approval of the proposed merger. The proxy statement will be mailed to UMIA's subscribers, who are urged to read it and other relevant materials when they become available. These materials will contain important information about the merger.

Utah Business Social
UB Events View All
Fast 50 Utah Business Event
Aug 27, 2015
The top 50 companies will be selected based on a combination of revenue growth and revenue genera...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
Critical People Management Skills for First-time Managers
Jul 30, 2015
Employers Council, a trusted non-profit employers association, is proud to present Critical Peopl...
Instant Motivation With Your Brain
Jul 30, 2015
Where Could You Use More Motivation? We often get really excited about something and start off ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: