Boston, MA - November 24, 2014
- Coverys, a leading provider of medical professional liability insurance and related services, is pleased to announce the hire of Joseph Murphy as the company’s new Chief Operating Officer (COO). He will join the company effective January 5, 2015.
Murphy has served as Commissioner of Insurance for the Commonwealth of Massachusetts for the past five years and was First Deputy Commissioner for the three years before that. He also served as the Chief of Staff for the Joint Committee on Financial Services and as Research Director for the Joint Committee on Insurance for the Massachusetts House of Representatives. In addition to his work in Massachusetts, Murphy contributed his leadership skills to the National Association of Insurance Commissioners (NAIC) where he served as the chair of the Auto Insurance Study Group and Treasurer of the Interstate Insurance Product Regulation Commission, along with serving on a number of committees and task force initiatives.
“Joe brings years of experience in the insurance field both at a state and national level,” said Gregg L. Hanson, CEO and president of Coverys. “He has a tremendous track record at Joseph Murphy promoting innovation in the industry such as his involvement with implementation of health insurance reform and introducing managed competition into the private passenger automobile insurance market. He is the ideal candidate to help Coverys continue to serve the insurance needs of physicians, hospitals and healthcare systems throughout the country.”
Murphy’s hire is the latest in an ongoing period of growth as Coverys continues to expand its geographic territory as well as diversifying its product and service offerings to the healthcare industry.
In his new role as COO at Coverys, Murphy will oversee underwriting, marketing and risk management, and will play a pivotal role in the execution of Coverys’ long-term strategic plan. Murphy replaces retiring COO Jack Donehue, who will remain at Coverys for the period of transition and serve in an advisory capacity to the company.
Murphy graduated from Suffolk University with degrees in History and Political Science. He currently lives in Charlestown, Massachusetts.
Coverys is an innovative medical professional liability insurance provider dedicated to helping its policyholders and clients anticipate, identify and manage risk to reduce errors, eliminate inefficiency and improve outcomes. As one of the largest medical professional liability insurance providers in the country, Coverys is responsible for insuring over 32,000 physicians, dentists, and allied health care providers, as well as more than 500 hospitals, health centers and clinics from coast to coast. Coverys has consistently been included in the Ward’s 50 for the past five years. In addition to its insurance products and service delivery to the health care industry, it also has established the Coverys Community Healthcare Foundation to support endeavors that focus on the improvement of patient safety as well as healthcare programs to reduce childhood obesity. For more information, visit Coverys at www.coverys.com.