combines A-rated insurance and reinsurance capacity with large account program creativity, flexibility to affect measurable change.
Its many services include:
- Excess insurance and reinsurance programs supporting healthcare liability captive insurance companies
- Capacity in excess of, and cutting-edge services directly supporting, self-insured retentions and deductibles where insureds maintain funded balance sheet risk
- Resources needed to evaluate and structure loss portfolio transfers from captive and self-insurance programs that may no longer meet the needs of consolidating hospitals or large practice groups migrating to hospital system employment
- Employed medical staff insurance capacity that can exist symbiotically alongside hospital system self-insurance programs, where joint risk management, joint defense and shared capacity are in evidence
Coverys Custom Accounts Underwriting Profile
We can address and offer the following:
- Provide up to $25 million in HPL/PPL/GL and umbrella limits on a following or non-following form excess or reinsurance for captive insurance companies, with separate towers of coverage applying as may be needed
- Segregate employed physicians within a healthcare system to accommodate older retro dates, special acquisition issues or the need to create a separate source of coverage for a healthcare system outside of retained HPL limits
- Provide reinsurance support which makes no distinction between single-parent captives, RRGs or group and rent-a-captive scenarios
- Collaborate with existing in-house risk and claims management resources to support enhanced practitioner education, risk mitigation and the achievement of critical metrics
- Provide excess of loss coverage, quota share coverage and subscription participation coverage in support of complex programs tailored to the special needs of acute care facilities with multiple insuring agreement
Coverys Custom Accounts (CCA) is a large account underwriting division focused on solutions for large healthcare systems, community hospitals and large group practices. CCA provides sophisticated insurance and reinsurance capacity, enhanced risk management and risk education services, and assistance in enhancing margins through the improvement of quality outcomes.