Boston, MA - September 2, 2020
is pleased to announce the appointment of Valoree Celona as president and Dana Obrentz as vice president of programs and allied health. Celona and Obrentz will focus on strategically expanding and diversifying the Coverys corporate footprint within the professional liability arena and overseeing the allied health portfolio. This focused approach to support medical professional liability product growth is a strategic part of the Coverys evolution as an industry leader.
“Valoree and Dana are a great addition to Coverys and bring a wealth of experience developing comprehensive insurance portfolios. They will collaborate with underwriting, actuarial, claims, risk management, and finance to expand the Coverys brand into untapped markets,” said Joseph G. Murphy, COO of Coverys.
“In addition to our deep experience understanding the unique needs of program administrators and streamlining processes to create unique solutions, we know our launch with Coverys will further distinguish Coverys in a crowded marketplace,” said Valoree Celona, president, programs and allied health at Coverys.
To complement and support this committed growth, Coverys has built a dedicated program and allied health claims team. This national claims team is comprised of senior claims professionals with extensive experience in settling claims for a variety of professional liability programs and allied health providers. Jennifer Baumstein, vice president of programs and allied health claims, and senior claims analysts Molly Sachson, Janet Suk, Mark Varano, Bob Tighe, and Michael Colombo will join Valoree Celona and Dana Obrentz.
Celona has over 30 years of casualty and professional liability underwriting experience working within the primary, reinsurance, and consulting industries. Celona began her career at Medical Liability Mutual Insurance (MLMIC) and later joined AIG Healthcare where she learned to underwrite the full gamut of commercial healthcare. After 8 years of underwriting facultative and treaty business for three global reinsurers, Celona joined Ernst and Young’s business risk consulting group, focusing on best practice reviews for the insurance industry and anti-money laundering reviews within the greater financial services industry. Throughout the course of her career, Celona has successfully led various underwriting units, most recently as senior vice president of programs and physicians at Ironshore/Liberty Mutual, and immediately prior as healthcare division executive for Liberty International Underwriters. Celona is a designated chartered property casualty underwriter (CPCU). She earned her Bachelor of Arts degree in economics from Fordham University in New York City.
Obrentz’s diverse professional career spans over 22 years in the insurance, investment banking, and legal industries. Prior to Coverys, she served as vice president at Liberty Mutual and AIG focusing on developing and managing multi-line portfolios of property and casualty insurance. Before transitioning into insurance, Obrentz worked as a vice president at Deutsche Bank AG New York responsible for negotiating global fixed income institutional trading contracts and as an intellectual property paralegal at Howrey LLP in Washington, D.C. She earned her Bachelor of Arts degree with a major in criminology and criminal justice from the University of Maryland, College Park and is a graduate of the College Park Scholars program for international studies.
Baumstein graduated from Brooklyn Law School and began her career at Mendes & Mount as coverage and monitoring counsel for Lloyd’s of London Syndicates insuring healthcare professionals and entities. Baumstein then spent eight years at Liberty Mutual companies managing allied health, medical, and chiropractic programs. She also oversaw the claims handling for several physician-owned insurers that partnered with Liberty. At Coverys, Baumstein is responsible for managing the programs and allied health claims team.