MedPro Group acquires renewal rights for Swiss Re Corporate Solutions healthcare professional liability business

Healthcare liability insurer MedPro Group (MedPro) has entered into a definitive agreement with Swiss Re Corporate Solutions (SRCS) to acquire the renewal rights to SRCS’s healthcare professional liability book of business effective October 11, 2019.

The agreement includes hospital and senior care accounts underwritten by SRCS from the US, as well as US hospital and international healthcare professional liability accounts underwritten by SRCS from London and other offices around the world.

“This transaction is further evidence of our unwavering dedication to the challenging healthcare liability market in the US and, increasingly, around the world,” said Jean-Paul Rebillard, president, MedPro Specialty. “We are excited by this opportunity because Swiss Re Corporate Solutions’ healthcare professional liability clients and approach to underwriting and service complement our industry-leading specialty business that provides solutions to healthcare organizations of all types.”

Current SRCS policyholders will be eligible to receive renewal offers from MedPro and its affiliates upon the expiration of their policies. To help ensure seamless service, several key members of the SRCS healthcare team are joining MedPro.

MedPro CEO Tim Kenesey added: “More healthcare providers choose MedPro over any other insurer because of our century-long commitment to delivering unsurpassed peace of mind, expertise and choice to healthcare providers and organizations. And, as Berkshire Hathaway’s chairman Warren Buffett has said, ‘MedPro is also now a favoured solution for owners of healthcare liability insurers who seek the world’s most stable home for their policyholders in an increasingly unstable healthcare liability landscape.’”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

​​Property/casualty insurance industry’s surplus sets new record

Markel CATCo portfolio managers to launch new investment manager

Report: insurance industry investing in renewables – but not enough

US property/casualty mutual insurers see improved results: AM Best

Startup GreenKite offers services for insurers

Värde Partners and Agam Capital form life and retirement solutions joint venture

GE and wider long-term care industry face problems: AM Best

Insurers should be exempt from pillar one of OECD digital tax proposals, says Insurance Europe

Economic outlook deteriorates worldwide, says Statista

Combined Insurance recruits two senior leaders

Globe Underwriting appoints Dan Watson as senior engineering underwriter

EmergIn Risk makes two prominent hires and opens Miami office

Feature:  10 ways insurers are using insurtech to drive new business