We are pleased to announce that The Doctors Company has agreed to acquire FPIC Insurance
Group, Inc. (FPIC), of which First Professionals Insurance Company, Inc. (First Professionals) is
the principal subsidiary. With this merger, The Doctors Company further enhances its position as
the nation's leading insurer of physician and surgeon medical liability with over 70,000
The transaction, which is subject to regulatory and FPIC shareholder approval, is expected to
close by the fourth quarter of 2011.
Upon closing of the acquisition, you will remain a First Professionals policyholder and, as
always, we will maintain our commitment to the protection of all policyholders. When the
transaction is completed, you can be assured that our policyholders will continue to receive
aggressive claims defense, unmatched legislative and patient safety advocacy, outstanding
service, and industry-leading benefits.
It is important to note that the year-end 2010 financial reports of The Doctors Company and
FPIC indicate the merger will result in the combined entity having a total of $5 billion in assets
and $885.1 million in direct premiums, placing it in the position as the country's largest MPL
insurer. As you know, the financial strength of a company is crucial to its ability to protect
insureds. Both companies currently have an A.M. Best rating of A- (Excellent), which validates
that FPIC and The Doctors Company are strongholds among insurance carriers and that
policyholders can rely on continued solvency and protection.
FPIC believes it has found a strategic, well-respected partner in The Doctors Company, which
shares our steadfast commitment to providing exceptional service to our policyholders. We are
confident this transaction will benefit our policyholders.
For additional information regarding the acquisition, please contact your agency representative
or Angie Nykamp, Vice President, Marketing at (800) 762-0233, Ext. 3071 or by e-mail at
We look forward to continuing our relationship with you.
Robert E. White, Jr.
1000 Riverside Avenue, Suite 800 Jacksonville, Florida 32204 (904) 354-5910 1-800-741-3742 Fax (904) 358-6728
P.O. Box 44033 Jacksonville, Florida 32231-4033 Internet Address: http://www.firstprofessionals.com