Boston, MA (PRWEB) June 24, 2014
Coverys is pleased to announce that Bryan Falchuk has been named vice president, corporate development and strategy, effective June 23, 2014. Falchuk comes to Coverys with an extensive background in the insurance industry and will be instrumental in the company’s strategic growth initiatives. He will be responsible for product development, business intelligence and future merger and acquisition opportunities.
“Bryan’s deep industry knowledge and front-line experience will be an asset to Coverys as we pursue the execution of strategic growth,” said Gregg L. Hanson, CEO and president of Coverys. “I look forward to Bryan’s contributions and leadership abilities in optimizing the strength and distinct internal capabilities of Coverys.”
Falchuk brings over 10 years of industry experience most recently serving as the head of U.S. underwriting and claims operations for Beazley Insurance Company in Boston, Massachusetts. Falchuk held various roles during his six-year tenure at Beazley. From 2005 to 2008, Falchuk worked as an associate at McKinsey & Company, located in Boston, Massachusetts, where he gained valuable consultative experience in strategic development related to insurance practices with a focus on distribution, growth, organization redesign and post-merger integration. Prior to joining McKinsey & Company, Falchuk held the role of senior business analyst and leader of special projects, personal marketing with Liberty Mutual in Boston, Massachusetts. Falchuk obtained his Master of Business Administration degree from the Tuck School of Business at Dartmouth in Hanover, New Hampshire, and his Bachelor of Arts degree in economics from Bowdoin College in Brunswick, Maine.
For more information about Coverys, contact Loren LeVasseur, public relations specialist, at (617) 946-8665 or llevasseur(at)coverys(dot)com.
Coverys is the eighth largest medical professional liability insurance provider in the country based on direct written premium. Coverys member companies insure more than 25,000 physicians, dentists, and allied healthcare providers, as well as more than 500 hospitals, health centers and clinics in 27 states from coast to coast. Coverys has net admitted assets of $3.4 billion and direct written premium of $363 million as of December 31, 2013. In addition, Coverys member insurance companies Medical Professional Mutual Insurance Company (“ProMutual”) and ProSelect Insurance Company (“ProSelect”), as well as ProMutual-sponsored Coverys RRG, Inc. have a Best’s Rating of A (Excellent). MHA Insurance Company (“MHAIC”) and Washington Casualty Company (“WCC”) have a Best’s Rating of A- (Excellent), while OHA Insurance Solutions, Inc. is not rated at this time.
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. For more information visit Coverys at http://www.coverys.com