MedPro Group, the healthcare liability insurance arm of Berkshire Hathaway, has agreed to acquire renewal rights for Swiss Re Corporate Solutions’ (SRCS) Healthcare Professional Liability book of business.
The agreement, which is effective from 11 October, was signed with Swiss Re Corporate Solutions.
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As per the agreement, MedPro will also acquire the Hospital and Senior Care accounts which are underwritten by SRCS.
The company will also obtain the US Hospital and International Healthcare Professional Liability accounts, which were underwritten by SRCS London and other locations.
MedPro Specialty president Jean-Paul Rebillard said: “This transaction is further evidence of our unwavering dedication to the challenging healthcare liability market in the US and, increasingly, around the world.
“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.”
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By GlobalDataThe existing policyholders of SRCS will receive renewal offers from MedPro and its affiliates when their offers expire.
As per the agreement, many key SRCS employees will also be joining MedPro to ensure seamless service.
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 organisations.”
