Medmarc began business in 1979 as an industry-controlled captive insurance company. Today, Medmarc consists of Medmarc Casualty Insurance Company, an admitted insurer, and Hamilton Resources Corporation, a servicing corporation. Medmarc’s support of the life sciences technology industry is further enhanced by ProAssurance Specialty Insurance, a ProAssurance Group affiliated company, providing coverage on a surplus lines basis.
- Medmarc Casualty Insurance Company (Medmarc®) conducts business as a licensed, admitted insurance company in 50 states and the District of Columbia. It underwrites and markets, through insurance brokers, products liability insurance for medical technology and life sciences companies.
- ProAssurance Specialty Insurance Company (PRA Specialty) is a non-admitted property and casualty insurer approved to do business in 50 states and the District of Columbia. PRA Specialty provides, through insurance brokers, a market for tailored products liability coverage needs and objectives not available from Medmarc Casualty.
- Hamilton Resources Corporation operates as the administrative arm of the Medmarc, delivering services to the insurance companies, policyholders, insurance brokers and agents. Hamilton is also a licensed insurance producer in selected states.