“As growing healthcare systems look to the Lloyd’s market for customized protection and financial strength, Syndicate 1975 will build upon Coverys’ expertise in bringing unparalleled products and services to the healthcare market,” said Gregg Hanson, CEO and president of Coverys.
BOSTON (PRWEB) November 09, 2017
Coverys, a leading provider of medical professional liability insurance, is pleased to announce that Keith Bryceland will serve as the Active Underwriter of Coverys Syndicate 1975. Bryceland brings over 25 years of experience, specializing in underwriting global professional liability insurance and reinsurance.
Syndicate 1975 will be a source of London-based insurance and reinsurance capacity. Placed through brokers, for physicians, hospitals, and other providers of healthcare, Syndicate 1975 will provide protection coupled with risk management and mitigation solutions to improve margins and increase patient safety.
“As growing healthcare systems look to the Lloyd’s market for customized protection and financial strength, Syndicate 1975 will build upon Coverys’ expertise in bringing unparalleled products and services to the healthcare market,” said Gregg Hanson, CEO and president of Coverys. “Keith’s knowledge and experience is an asset that will assist Coverys as it seeks to enter the Lloyd’s market in London, offering sophisticated insurance and reinsurance solutions for larger group practices and healthcare systems.”
Bryceland most recently served as Senior Underwriter at Chubb Syndicate 2488, underwriting all classes of professional liability insurance and reinsurance, ranging from medical to legal liability. He established his career at various blue chip London market insurance and reinsurance companies.
Coverys received “in principle” approval earlier this year to form Syndicate 1975 and is working with Lloyd’s and third party managing agency, R&Q Managing Agency, Ltd., to prepare to launch. Coverys is under contract to purchase R&Q Managing Agency, Ltd., subject to regulatory approval, and Syndicate 1975 is expected to begin underwriting business on January 1, 2018, subject to completion of the final approval phase of the Lloyd’s application process.
Coverys is a leading provider of medical professional liability insurance for medical practitioners and health systems. Coverys provides a full range of healthcare liability insurance options, advanced risk analytics, and best-in-class risk mitigation and education resources to help clients anticipate, identify, and manage risk to reduce errors and improve outcomes.
Coverys is committed to offering innovative solutions, advanced analytics, education, and resources to help reduce distractions so healthcare professionals and organizations can focus on what matters most—patients. Please visit coverys.com for more information.