Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Coverys launches excess and surplus underwriter

Reprints

Medical professional liability insurer Coverys has formed an excess and surplus lines underwriting company, the Boston-based firm said Wednesday.

Coverys Specialty Insurance Co., which will be domiciled in New Jersey, will provide tailored excess and surplus coverage for unique or hard-to-place risks, the company said in its statement.

It will be accessible through select agents and brokers, and the company will offer $25 million in capacity, according to a Coverys spokesman.

Coverys said the new insurer will provide customers with flexible speed-to-market insurance coverage that addresses emerging health care delivery exposures and trends, as well as provide coverage for health care facilities with unique risk profiles that seek insurance not typically available in the traditional insurance market.

Sam Mezzich will serve as president of the new company, while Edward Lyons has been named senior vice president. Both had previously worked at Arch Insurance, a unit of New York-based Arch Capital Group Ltd.