Coverys, a provider of medical professional liability insurance and related services, has launched an excess and surplus (E&S) lines underwriting company.
Coverys Specialty Insurance Company is part of the organization's continuing strategy to respond to the needs of hospitals, health systems and physician groups.
Coverys Specialty, domiciled in New Jersey, will be operated under the leadership of industry veterans Sam Mezzich, president, and Edward Lyons, senior vice president. This new offering will provide tailored excess and surplus coverage for unique or hard to place risks.
In this new role, Mezzich will lead Coverys Specialty and direct all E&S underwriting efforts. Mezzich joins Coverys from Arch Insurance, where he served as a regional vice president for 12 years from the company's inception.
As senior vice president, Lyons will work closely with Mezzich to successfully launch Coverys Specialty. Lyons previously spent 12 years at Arch Insurance, where he served as the assistant vice president of underwriting in the healthcare facilities and programs area.
"Establishing Coverys Specialty further demonstrates our commitment to expanding our services in the large account underwriting arena," said Gregg Hanson, chief executive officer and president of Coverys. "As a market leader in medical professional liability underwriting and product design, we constantly strive to ensure our clients have access to innovative products and services that will assist them in improving clinical, operational and financial outcomes."
Coverys, E&S, Insurance, Sam Mezzich, US, Edward Lyons, Gregg Hanson