Coverys Specialty Receives “A” Rating from A.M. Best
Coverys Specialty recognized for its financial strength and stable outlook
Boston, MA - June 2, 2015 - Coverys Specialty Insurance Company (Coverys Specialty), a Coverys company, is pleased to announce it has received an A (Excellent) financial strength rating with a stable outlook from A.M. Best. Recognition was given to the substantial reinsurance support and operational services being provided by the lead company of Coverys, Medical Professional Mutual Insurance Company (ProMutual). Coverys Specialty also benefits from ProMutual’s leadership position in the medical professional liability market, its long-term profitable operations and the continued support for its policyholders through strong patient safety and risk management programs.
“We are proud and excited to receive an A rating from A.M. Best for Coverys Specialty,” said Sam Mezzich, president of Coverys Specialty. “The recognition exemplifies Coverys’ financial strength and continued operational services which provide policyholders with access to progressive risk management and programs to enhance patient safety.”
Coverys Specialty was established in early 2015 to respond to the needs of hospitals, health systems and physician groups providing tailored excess and surplus coverage for unique or hard to place risks. Coverys Specialty is underwritten by leading insurance industry experts and accessible through select agents and brokers.
The press release announcing the A.M. Best rating can be found on the A.M. Best website.
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.