Senior Leadership Changes at Coverys Announced

January 9, 2019 by matray

Effective March 31, 2019, Mary Ursul will step back as the executive vice president at Coverys. Lynnette Matza, CEO and president of PPIC, a Coverys company, will succeed Ursul and assumed the role of executive vice president on Jan. 1, 2019, to ensure an orderly transition. Ursul began her career… Continue reading...

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A.M. Best Affirms A (Excellent) Rating for Coverys Companies

June 8, 2018 by matray

A.M. Best announced it has affirmed the Financial Strength Rating of A (Excellent) for Medical Professional Mutual Insurance Co. (ProMutual) wholly owned subsidiaries, ProSelect Insurance Cos. (ProSelect), Preferred Professional Insurance Co. (PPIC), Coverys Specialty Insurance Co. (Coverys Specialty) and its sponsored risk retention group, Coverys RRG, Inc. In addition, Healthcare… Continue reading...

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Financial Strength Rating Affirmation of Coverys Member Companies and Assigned Credit Rating to Healthcare Underwriters Group, Inc.

June 4, 2018 by matray

A.M. Best announced it has affirmed the Financial Strength Rating of A (Excellent) for Medical Professional Mutual Insurance Co. (ProMutual) wholly owned subsidiaries, ProSelect Insurance Cos. (ProSelect), Preferred Professional Insurance Co. (PPIC), Coverys Specialty Insurance Co. (Coverys Specialty) and its sponsored risk retention group, Coverys RRG, Inc.   In addition, Healthcare… Continue reading...

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Coverys’ Lisa Simm Awarded FASHRM Designation by American Society for Healthcare Risk Management

May 22, 2018 by matray

Coverys recently announced that Lisa Simm, manager, risk management for the Boston-headquartered insurer of medical liability is a recent recipient of the American Society for Healthcare Risk Management's Fellowship Award (FASHRM). This award recognizes outstanding individual achievement and professional excellence in healthcare risk management. To be eligible for FASHRM, fellows… Continue reading...

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Coverys Syndicate 1975 Appoints Stephanie Crowther as Underwriter

February 5, 2018 by matray

Coverys Syndicate 1975 has appointed Stephanie Crowther as underwriter for its specialist medical professional liability account beginning February 2018. Syndicate 1975 commenced underwriting on Jan. 1, 2018, and is a source of London-based insurance and reinsurance capacity. Syndicate 1975 provides traditional and innovative coverage for physicians, hospitals and other providers… Continue reading...

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Coverys Finalizes R & Q Managing Agency Ltd. Acquisition, Plans to Launch Lloyd’s Syndicate 1975 on Jan. 1, 2018

December 5, 2017 by matray

On Dec. 4, Coverys announced the completion of the acquisition of R & Q Managing Agency Ltd. (RQMA). Under the terms of the agreement, RQMA, a fully authorized Lloyd’s managing agency based in London, will be renamed Coverys Managing Agency Limited. The agency currently manages Syndicates 1991, 3330 & 1110,… Continue reading...

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Coverys Finalizes Acquisition of Global Insurance Management Company, Inc.

December 5, 2017 by matray

On Dec. 1, Coverys finalized the acquisition of Global Insurance Management Company, Inc. (GIMC). GIMC and its insurance subsidiary, Healthcare Underwriters Group, Inc., provide medical professional liability insurance for physicians and healthcare providers in Florida, Indiana, Kentucky, Ohio and Texas. “Coverys is committed to expanding GIMC’s ability to offer superior… Continue reading...

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Coverys Announces Agreement to Acquire Global Insurance Management Company, Inc.

September 6, 2017 by matray

Coverys and Global Insurance Management Company, Inc. (GIMC), a provider of medical professional liability insurance, announced today that they have entered into a definitive merger agreement pursuant to which Coverys’ ProMutual Group will acquire GIMC. GIMC and the predecessors to its insurance subsidiary, Healthcare Underwriters Group, Inc., were founded by… Continue reading...

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A.M. Best Upgrades Credit Ratings of Some Members of Coverys Companies

June 30, 2017 by matray

On June 29, 2017, A.M. Best announced it has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) of Medical Professional Mutual Insurance Company’s (ProMutual) wholly owned subsidiaries, MHA Insurance Company (MHA), Washington Casualty Insurance Company (Washington Casualty) and Preferred Professional Insurance Company (PPIC). In addition, A.M. Best… Continue reading...

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