American Physicians Service Group Expanding into Okla.

Austin, Texas-based American Physicians Service Group Inc. (APS) announced that its American Physicians Insurance Company (API) subsidiary has received a Certificate of Authority from the Oklahoma Insurance Department to write physicians professional liability insurance in Oklahoma.

The company said it has already begun underwriting applicants for insurance in Oklahoma.

In the announcement, Tim LaFrey, APS’ President, stated that since April when it acquired API the company has raised approximately $36 million and contributed $10 million of additional surplus to API.

APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance for doctors and brokerage and investment services to institutions and high net worth individuals. The company is headquartered in Austin, Texas and maintains offices in Dallas.

Source; APS, www.amph.com