About NORCAL Group
NORCAL Group is a company based in San Francisco (United States) founded in 1975 was acquired by ProAssurance in February 2020.. The company has 214 employees as of December 31, 2021. NORCAL Group has completed 3 acquisitions, including Medicus Insurance, Physicians Preferred and Preferred Physicians Medical. NORCAL Group offers products and services including Malpractice Insurance, Risk Management, and Claims Reporting.
- Headquarter San Francisco, United States
- Employees 214 as on 31 Dec, 2021
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Norcal Mutual Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
214
as on Dec 31, 2021
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Investments & Acquisitions
Medicus Insurance
& 2 more
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Acquired by
ProAssurance
(Feb 20, 2020)
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Products & Services of NORCAL Group
NORCAL Group offers a comprehensive portfolio of products and services, including Malpractice Insurance, Risk Management, and Claims Reporting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for medical professionals against liability claims
Educational tools for minimizing risks in healthcare
Platform for reporting and managing insurance claims
Funding Insights of NORCAL Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NORCAL Group
NORCAL Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ProAssurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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liability insurers for healthcare professionals/entities, medical technology, life sciences products, & workers’ compensation
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NORCAL Group
NORCAL Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Medicus Insurance, Physicians Preferred and Preferred Physicians Medical. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical professional liability insurance is provided to physicians and facilities.
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2006 | ||||
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Cannabis extracts are offered by Physicians Preferred brand.
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2004 | ||||
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Liability insurance is offered to medical professionals.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NORCAL Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Norcal Group Comparisons
Competitors of NORCAL Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Norcal Group
Frequently Asked Questions about NORCAL Group
When was NORCAL Group founded?
NORCAL Group was founded in 1975.
Where is NORCAL Group located?
NORCAL Group is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of NORCAL Group?
Scott Diener is the current CEO of NORCAL Group.
How many employees does NORCAL Group have?
As of Dec 31, 2021, the latest employee count at NORCAL Group is 214.
What does NORCAL Group do?
NORCAL Group was founded in 1975 and is headquartered in San Francisco, United States. Operations focus on the insurance sector, where brokerage services are provided to clients. The company handles various insurance needs through professional intermediation. Leadership is directed by CEO and President Scott Diener. Geographic presence centers on the U.S. market, supporting business and individual insurance requirements without direct underwriting.
What products or services does NORCAL Group offer?
NORCAL Group offers Malpractice Insurance, Risk Management, and Claims Reporting.
How many acquisitions has NORCAL Group made?
NORCAL Group has made 3 acquisitions, including Medicus Insurance, Physicians Preferred, and Preferred Physicians Medical.
Who are NORCAL Group's investors?
NORCAL Group has 1 investor. Key investors include ProAssurance.