The Premium Group has notified the AMC/NOMA that GE Insurance Solutions has entered into a letter of intent with Berkshire Hathaway for the sale of the liability insurer Medical Protective Corporation. Berkshire Hathaway’s subsidiary, National Indemnity, would acquire a 100% ownership of Med Pro and its subsidiaries from GE Insurance Solutions. The transaction, which is subject to the completion of a final agreement as well as regulatory approval, would close by June 30, 2005. The Premium Group is of the opinion that this may give Med Pro more flexibility in responding to market needs. Medical Protective had gross written premiums of $737 million in 2004. At this time Med Pro is rate “A” (Strong) by Standard and Poor’s and “A-“ (Excellent) by A.M. Best.