Specialty insurer appoints chief operating officer

Specialty insurer ProAssurance Corp. said Wednesday it has promoted Edward L. “Ned” Rand Jr. to chief operating officer.

In this newly created position, Mr. Rand will be responsible for the day-to-day operations of Birmingham, Alabama-based ProAssurance, reporting directly to chairman and chief executive officer Stan Starnes, the company said in its statement.

Mr. Rand, who has served for 13 years as ProAssurance’s chief financial officer, will continue in that role for the near future, the company said.

ProAssurance has expertise in healthcare professional liability, products liability for medical technology and life sciences liability, legal professional liability and workers compensation insurance, the company said.