January 29, 2026 by matray

Indigo closed a $50 million oversubscribed Series B financing round to accelerate expansion of its AI-driven medical professional liability insurance underwriting and distribution platform, the company announced today. The round was led by existing investor Rubicon Founders, with participation from new investor Town Hall Ventures and existing strategic investor Optum Ventures.

Indigo provides MPL coverage to physicians across multiple specialties. The company — launched in 2023 — said it now insures nearly 1,000 providers nationwide and has surpassed $10 million in premium. Proceeds from the financing will be used to expand research and development, grow distribution partnerships and scale operations.

Indigo’s underwriting platform, Lux, applies advanced machine learning and purpose-built risk models to automate underwriting workflows traditionally handled through manual, labor-intensive processes. By the end of 2025, about 20% of submissions were fully underwritten automatically, the company said.

“The next phase of innovation in insurance requires technology purpose-built for complex, specialty risk,” said Jared Kaplan, Indigo chief executive officer. “This funding allows us to expand our technology footprint, deepen underwriting rigor and deliver an exceptional ease-of-doing-business experience for brokers — while ensuring physicians receive pricing and coverage aligned with their true risk profile. Our results demonstrate that advanced automation can drive profitable growth while reducing operational friction.”

Investors said the platform’s automation accelerates underwriting without sacrificing risk discipline. Matt Kim, a co-founder of Indigo and a partner at Rubicon Founders, said the company’s technology is fundamentally redefining how MPL risk is assessed, priced and managed. David Whelan, co-founder and general partner at Town Hall Ventures, said Indigo’s lower underwriting overhead gives it an advantage in a legacy market still dominated by manual processes.

January 23, 2026 by matray

The Medical Professional Liability Association (MPL Association) is pleased to announce that David Kinard has been named senior vice president of membership and business development.

In this new role, Kinard will lead the Association’s strategic growth efforts through member and affiliate partner recruitment, retention and engagement. He also will oversee the marketing and communications functions to more closely align those areas with member and partner acquisition and retention as well as stakeholder awareness.

Kinard has a significant background in the MPL industry, having spent more than nine years with Physicians Insurance A Mutual Co. He also has spent time in the healthcare industry having worked for both a multi-product healthcare organization as chief revenue officer and a large regional health plan as director of enrollment growth.

“David’s extensive knowledge of the MPL industry as well as the passion and energy he brings to his work will be a tremendous asset to the Association. He is an accomplished leader with a track record of success in sales, marketing and business development,” said MPL Association president and CEO Eric Anderson. “David will be integral to the continued evolution of the MPL Association and we are very excited to have him join the team.”

“For almost 50 years the MPL Association has led the way in helping members protect patients, defend physicians and hospitals, and create a fair tort environment,” Kinard said. “We have a legacy to honor and a future to fulfill. I look forward to working alongside members as we write the next chapter of the Association’s future.”

January 22, 2026 by matray

Brown & Brown, Inc. has launched a fully integrated, all-lines National Healthcare Practice, bringing together more than 140 professionals into a specialized team focused on delivering risk management, insurance and brokerage solutions for healthcare organizations nationwide, the company announced today.

The new unit, operating as Brown & Brown Healthcare, will serve hundreds of healthcare customers and place billions of dollars in insurance premium in domestic and international markets, the company said. Brown & Brown said the scale of the practice is designed to strengthen market access, support more competitive program design and deliver coordinated solutions across the healthcare sector.

Brown & Brown Healthcare will be co-led by Matthew Siciliani and Tracy Hoffman, with Bob Dubraski serving as practice chairman. Dubraski, who joined the company through its acquisition of Risk Strategies, has experience building and integrating national healthcare brokerage practices and advising healthcare organizations on enterprise-wide risk strategies, the company said.

Siciliani and Hoffman bring experience in managed care and professional liability underwriting, captive reinsurance and healthcare risk consulting, according to the company. Brown & Brown said both executives have played leadership roles in talent development and business growth within the healthcare insurance market.

“Healthcare organizations today face complex, rapidly evolving risks,” Steve Hearn, president of Brown & Brown’s retail segment, said in a statement. He said the national practice is intended to deliver integrated risk management solutions that allow healthcare providers to focus on patient care.

Joe Siech, a senior leader in the retail segment, said the practice’s structure is designed to provide consistent support to healthcare customers as the industry evolves.

The integrated practice will provide services across professional liability, managed care reinsurance, value-based care, property insurance, executive and cyber liability, workers compensation, captive management, actuarial services, surety and data analytics, the company said. Brown & Brown said the national structure is intended to coordinate production, placement and customer service regardless of customer location.

Founded in 1939, Brown & Brown is a publicly traded insurance brokerage with operations in more than 700 locations and a workforce of more than 23,000 professionals worldwide.

January 15, 2026 by matray

MagMutual Insurance Co. has named Stephanie A. Sheps as its chief defense officer, placing her in charge of MyDefense, the insurer’s liability defense organization.

MyDefense, launched in November 2025, is positioned by MagMutual as an integrated malpractice defense platform combining legal, analytical and emotional support for its insured healthcare providers.

“Stephanie’s expertise and vision will be pivotal in advancing MagMutual's mission to redefine the way we protect our policyholders,” said Neil Morrell, CEO of MagMutual. “Her leadership reflects our ongoing commitment to ensuring MyDefense is the premier resource for healthcare providers undergoing a claim or a lawsuit.”

Sheps has more than 25 years of experience in claims strategy and professional liability. Before joining MagMutual, she served as vice president of Bermuda Claims Group at Allied World Assurance Co., where she oversaw high-exposure claims in the Bermuda market. She also held multiple leadership roles at Coverys, managing claims strategy and execution across national and international markets.

“I’m excited to lead this team and build on MagMutual's strong legacy of protecting healthcare providers,” said Sheps.

January 7, 2026 by matray

Mutual Insurance Co. of Arizona (MICA) announced that its Board of Trustees has declared a $16 million policyholder dividend.

The dividend will be allocated among participating policyholders who were current members as of Dec. 31, 2025. MICA said the distribution reflects the company’s strong financial position, supported by an AM Best financial strength rating of A (Excellent) and an a+ (Excellent) long-term issuer credit rating, both with a stable outlook.

"Celebrating 50 years since our founding, our mission remains: supporting and protecting the physicians and medical practices that rely on us," said Edward G. Marley, MICA president and chief executive officer. "This dividend demonstrates our financial stability, mutual structure and enduring commitment to delivering value directly to our member-policyholders. We are pleased to once again share our success with the members we serve."

The dividend represents approximately 18% of a policyholder’s 2025 annual premium for members insured by MICA for a full three-year period ending Dec. 31, 2025. Members insured for less than the full three-year period will receive a prorated amount.

Following the February 2026 distribution, MICA will have returned $762 million in dividends to policyholders since inception, including $79 million over the past five years. Since 2005, the MICA Board of Trustees has declared policyholder dividends each year.