The board of directors of ProAssurance Corporation has elected Samuel A. Di Piazza, Jr. to the Board.
Di Piazza has most recently been the Vice-Chairman in the Institutional Clients Group of Citi, a position he will leave in February after serving in that capacity since 2011.
ProAssurance is a specialty insurance company with extensive expertise in medical professional liability, products liability for medical technology and life sciences and legal professional liability.
Prior to joining Citi, Di Piazza served as the Global Chief Executive Officer of PricewaterhouseCoopers International Limited from 2002 to 2009. His 36-year career at PwC included 30 years as a partner, during which he served as Chairman and Senior Partner at PwC U.S. and was a member of the firm’s Global Leadership Team. He led PwC during the large majority of its first decade after the merger of Coopers & Lybrand with Price Waterhouse. His specialties were mergers & acquisitions, the financial services industry and international tax.
During his PwC career, he led the U.S. and Americas Tax Practices and the PwC offices in Birmingham, Alabama, Chicago, Illinois, and New York City.
Di Piazza joins the ProAssurance board immediately and will serve as a member of the audit committee.
He will stand for re-election to the board for a full three-year term at the Annual Meeting of Shareholders to be held on May 28, 2014.
The board has determined that Di Piazza is an independent director under the rules of the Securities and Exchange Commission and the New York Stock Exchange.
Di Piazza is a native of Birmingham, Ala., the headquarters of ProAssurance, and he maintains extensive contacts in Birmingham and throughout the business and financial world.
He is a frequent commentator on issues of corporate reporting, transparency and sustainable development, and is the co-author, with Harvard Professor Robert Eccles, of Building Public Trust: The Future of Corporate Reporting.
He also Piazza serves on the Board of Trustees of The Mayo Clinic and the USA Foundation Board of the World Economic Forum, as well as the UN Global Compact.
He presently serves as the Chairman of the Coalition of Service Industries and is a Trustee at the Swedish-American Chamber of Commerce.
He has served as a Trustee of the London-based International Financial Reporting Standards Foundation, the U.S.-based Financial Accounting Foundation, and is past Chairman of the World Business Council on Sustainable Development, and past Chairman, Board of Trustees, of The Conference Board, Inc.
In addition, Di Piazza serves as a member of the Board of Directors of St. Patrick’s Cathedral in New York City, the Executive Committee of the National September 11 Memorial & Museum, and the Inner City Scholarship Fund of New York City.
Di Piazza is a member of the Board of Directors of DirecTV, Inc. (DTV), a New York Stock Exchange listed company.
He received a bachelor’s degree in Accounting from the University of Alabama and a master’s degree in Tax Accounting from the University of Houston.