Coverys Adds Two New Members to Board of Directors

Boston, MA - June 7, 2012 - Coverys, a leading provider of medical professional liability insurance, is pleased to announce the addition of Michael B. Driscoll and James J. Moran Jr., Esq. to its Board of Directors. Mr. Driscoll and Mr. Moran were officially elected during the company’s annual meeting yesterday. They join a board composed of practicing healthcare providers and other area professionals concerned with the needs of the healthcare community.

“Michael Driscoll and James Moran each bring a unique and important perspective to the Board of Directors,” said Kenneth A. Heisler, M.D., FACS, chairman of the Board of Directors for Coverys. “Mr. Driscoll’s agency expertise, most particularly in the arena of professional liability, will be instrumental in maintaining and enhancing communication with our many constituencies; likewise, Mr. Moran’s depth of insurance leadership experience will be a superb asset to the company as we continually work to develop new products in an evolving healthcare landscape. I speak for the entire Board when I say we are thrilled to have them join us.”

Michael B. DriscollMr. Driscoll is the president of MD Insurance Services, Inc. In this role he oversees administration and sales for the agency, which specializes in medical professional liability insurance. Prior to joining MD Insurance Services in 1984, he served as an insurance broker for both Rush-Kent Insurance and Bowher’s Agency, and also held various sales positions. Mr. Driscoll received a Bachelor of Science degree in Business Administration from Boston University and is a certified Licensed Insurance Advisor. He is a member of the Massachusetts Association of Insurance Agents, the South Shore Independent Insurance Agents Association and the South Shore Chamber of Commerce.

“Joining the Coverys Board is an honor for me,” said Mr. Driscoll. “It is an opportunity to assist Coverys in adapting to the dynamics in the healthcare delivery system, as shifting government regulations require higher quality medicine to be delivered at a lower cost. Anticipating the effect of these changes, and developing ideas and products to better serve healthcare providers, will be both challenging and rewarding.”

Mr. Moran is the senior vice president, secretary and general counsel of Quincy Mutual Fire Insurance Company and New England Mutual Insurance Company. Mr. Moran joined Quincy Mutual Group inJames J. Moran 2001 after serving as president for Eastern Casualty Insurance Group for three years. He previously practiced insurance law for 20 years, most recently as a senior partner of Morrison, Mahoney LLP. Mr. Moran’s law practice concentrated on the representation of insurance companies and agents on corporate, claims, regulatory and legislative matters. Mr. Moran was admitted to the Massachusetts Bar in 1978, following graduation from Boston College Law School and Boston College. He is also a Chartered Property-Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe). He currently is chairman of the Board of the Massachusetts Insurers Insolvency Fund, and a director of the Massachusetts Insurance Federation and the South Shore Chamber of Commerce.

Mr. Moran said, “I am pleased to join the Coverys Board of Directors. I look forward to helping the company and its policyholders navigate reforms in healthcare delivery and am hopeful that my experience will be valuable in supporting Coverys’ vision of protecting the healthcare community.”

For more information about Coverys please contact Katharine Gould at kgould@coverys.com or (617) 946-8665, or visit the company’s website at www.coverys.com.
 

About Coverys

Coverys is one of the top 10 medical professional liability insurance providers in the country based on direct written premium. Coverys member companies insure more than 20,000 physicians, surgeons, dentists, certified nurse midwives and allied healthcare providers, as well as nearly 500 hospitals, health centers and clinics in 23 states from coast to coast. Coverys is committed to financial strength and stability with net admitted assets in excess of $3.2 billion, direct written premium of $375 million and policyholder surplus of $1.1 billion, as of December 31, 2011. In addition, all Coverys insurance member companies have a Best’s Rating of A- (Excellent). Coverys emphasizes physician education and patient safety, and the company is acknowledged as a leader in providing supportive risk management services and resolute claim defense to the healthcare community. Coverys also offers a variety of interactive and relevant continuing medical education (CME) activities to healthcare providers across the country. For more information visit the Coverys website at www.coverys.com. Timely industry and company news can also be found on the Coverys blog at coverys.wordpress.com, on Twitter (@Coverys) and on the company’s Facebook page.