Team to provide dedicated resources and support
ATLANTA, Feb. 20, 2025 /PRNewswire-PRWeb/ -- MagMutual Insurance Company, one of the nation's leading providers of medical professional liability insurance, announced it has formed a team specifically to address the needs of large healthcare clients with complex exposures.
"With the formation of Capital Solutions, MagMutual is offering a dedicated team and partnership for policyholders who require a deeper, more strategic perspective on their risk programs," said Gabriela Campanella, deputy chief underwriting officer at MagMutual. "We'll work directly with these healthcare organizations to understand their needs and design the best possible solution while offering continuous guidance and support."
Staffed by professionals with extensive experience in medical malpractice underwriting, alternative risk financing and program design, MagMutual's newly formed Capital Solutions group will work directly with clients and in collaboration with their insurance agents and risk advisors to develop program structures that balance risk retention with risk transfer to help clients optimize their total cost of risk.
"The risks involved in healthcare delivery are comprehensive and complicated. The larger the institution, the more difficult it is to assess the risk spectrum and the options available to manage their exposures," said Neil Morrell, chief executive officer, MagMutual. "That is why we are so excited to create a dedicated, multi-disciplined team of the most talented and experienced individuals who will help our PolicyOwners better find what is right for them."
In recent years, MagMutual leaders who now comprise the insurer's Capital Solutions group collectively have structured risk transfer and financing programs to manage billions in complex medical malpractice risk. Their experience encompasses work with hundreds of different healthcare accounts in all parts of the country that have successfully adopted and implemented a wide range of unique program structures.
For more information on MagMutual's Capital Solutions group contact Kevin Carnell, [email protected] or visit our website to learn more.
About MagMutual
For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, we're the largest mutual medical professional liability provider in the U.S. We deliver comprehensive coverage for the practice, business and regulation of medicine to more than 40,000 healthcare providers and organizations nationwide. Our focus on innovation allows us to provide customized advice, exceptional claims support and consistent financial benefits that result in improved outcomes and stronger PolicyOwners.1
[1] Market position based on S&P Global Market Intelligence 2023 year-end financial filings. Dividends and Owners Circle allocations are declared at the discretion of the MagMutual Board of Directors and are subject to eligibility requirements.
Media Contact
Kristen Guilfoil, MagMutual, 973-919-5727, [email protected], MagMutual
SOURCE MagMutual
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