US-based medical professional liability insurance provider Coverys has received approval from Lloyd’s of London to begin underwriting business with effect from January 1, 2018.
Syndicate 1975 will be managed by Coverys’ own managing agency, with exclusive backing from Coverys.
Keith Bryceland will join in January to underwrite for Coverys Syndicate 1975. Bryceland brings over 25 years of experience, specializing in underwriting global professional liability insurance and reinsurance. He most recently served as senior underwriter at Chubb Syndicate 2488, underwriting all classes of professional liability insurance and reinsurance, ranging from medical to legal liability.
Gregg Hanson, CEO and president of Coverys, said: "We are pleased to have reached this significant achievement in the ongoing expansion of Coverys’ offerings. The establishment of Coverys Syndicate 1975 will build upon our expertise in offering sophisticated insurance and reinsurance solutions for larger group practices and healthcare systems."
Syndicate 1975 will be a source of London-based insurance and reinsurance capacity providing protection for physicians, hospitals, and other providers of healthcare, coupled with risk management and mitigation solutions to improve margins and increase patient safety.
Coverys Syndicate 1975, Lloyd's of London, Underwriting, US