Underwriting Companies

Coverys RRG

Coverys RRG, Inc. is a risk retention group sponsored and serviced by Medical Professional Mutual Insurance Company. It is domiciled in the District of Columbia and is presently writing business in New York. Coverys RRG has an A.M. Best rating of A (Excellent).
 

Coverys Specialty Insurance Company

Coverys Specialty Insurance Company is an excess and surplus carrier domiciled in New Jersey.  It was created in 2015 to address emerging healthcare delivery exposures and trends with flexible speed to market insurance coverage. Coverys Specialty is accessible to select insurance agents and brokers, and has an A.M. Best rating of A (Excellent).
 

Medical Professional Mutual Insurance Company 

Medical Professional Mutual Insurance Company (ProMutual®) originated as a joint underwriting association (JUA) created by the Massachusetts Legislature in 1975. In July 1992, the state disbanded the JUA and a new organization, The Medical Malpractice Professional Insurance Association (MMPIA), assumed responsibility for former JUA clients. The MMPIA was later converted to a mutual insurance company, Medical Professional Mutual Insurance Company. ProMutual is domiciled in Massachusetts and has an A.M. Best rating of A (Excellent).
 

MHA Insurance Company

MHA Insurance Company (MHAIC) has been serving healthcare providers throughout the Midwest for more than 35 years. MHAIC was formed by a group of hospital members of the Michigan Health and Hospital Association to increase the availability of medical professional liability insurance. As a subsidiary of FinCor Holdings, Inc., MHAIC became a Coverys company as part of the FinCor Holdings acquisition by ProMutual in 2009. MHAIC writes medical professional liability insurance and workers’ compensation insurance for hospital and other healthcare institutions, and has an A.M. Best rating of A- (Excellent).
 

Preferred Professional Insurance Company

Preferred Professional Insurance Company (PPIC) was acquired by ProMutual in 2014. PPIC was previously owned by a group of Catholic health systems representing over 600 acute care facilities, 300 long-term care facilities and thousands of employed healthcare providers. PPIC has an A.M. Best rating of A- (Excellent), and is admitted to write insurance in all 50 states and the District of Columbia. 
 

Preferred Professional RRG

Preferred Professional RRG is a risk retention group domiciled in the District of Columbia and is registered and approved for use in the state of New York.
 

ProSelect Insurance Company

ProSelect Insurance Company (ProSelect) is domiciled in Massachusetts and offers insurance protection to healthcare providers and facilities in New England and the East Coast. ProSelect has an A.M. Best rating of A (Excellent).
 

Washington Casualty Company

Washington Casualty Company (WCC) has been a provider of medical professional liability coverage throughout the Northwest since 1977. WCC, originally known as the Washington Hospital Liability Insurance Fund, was established by Washington hospitals to provide professional liability insurance during an insurance availability crisis. WCC was acquired by FinCor Holdings, Inc., in 2006 and became a Coverys company through the ProMutual acquisition in 2009. WCC is domiciled in Washington and writes medical professional liability, general liability, directors and officers liability, employment practices liability, and employee benefit liability insurance coverage for physicians, hospitals and community healthcare centers in the northwest. WCC has an A.M. Best rating of A- (Excellent).
 

Alternative Risk Solutions

Capital Risk Solutions, SPC

Capital Risk Solutions, SPC, is a segregated portfolio captive insurer domiciled in the Cayman Islands. It was organized and licensed in 2004.
 

ProMutual Solutions Insurance Company

ProMutual Solutions Insurance Company is a sponsored cell captive insurer established in 2006. It is domiciled in Vermont.
 

Service Providers and Divisions

ELM Exchange, Inc.

ELM Exchange, Inc., (ELM) provides customized online educational programs that give healthcare providers the knowledge and tools to minimize clinical risk and maximize patient safety and satisfaction. ELM currently serves client organizations representing approximately 1,000 hospitals, office practices and healthcare facilities throughout the country. It is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians, and by the American Nurses Credentialing Center’s Commission on Accreditation for continuing education for nurses. ELM is headquartered in Rockville, Maryland.
 

Coverys Custom Accounts

Established in 2014, Coverys Custom Accounts is a special underwriting division of Coverys focused on meeting the needs of health systems and large physician practices, and featuring capabilities that embrace alternative risk financing structures, excess coverage and reinsurance programs.
 

Coverys Consulting Services

Coverys Consulting Services focuses on serving the needs of hospitals, healthcare systems and large provider groups who do not participate in the traditional insurance market by addressing opportunities to enhance patient safety and quality outcomes.
 

ProMutual Group, Inc.

ProMutual Group, Inc. is the parent company of the Coverys underwriting companies (except for Medical Professional Mutual Insurance Company), as well as several Coverys companies that provide agency services and alternative risk solutions. It is also the parent company of Coverys’ risk management and provider education businesses. ProMutual Group, Inc. is domiciled in Massachusetts.