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Ironshore's Mergers & Acquisitions and Tax unit has updated its transactional liability product to address regulatory risks in the healthcare sector.
The insurer will offer a single limit and single retention coverage policy with a capacity limit of up to $100 million for healthcare transactional liability risks, it said.
Ironshore’s specialty healthcare unit IronHealth will underwrite healthcare transactions directly with a combined single limit agreement and retention level.
The company stated that its M&A transactional liability coverage responds to breaches of representations and warranties to protect buyers in healthcare deals, including exposure related to the Federal False Claims Act, Stark Law, Anti-Kickback Statute, HIPAA/HITECH and other state-mandated healthcare laws. Comprehensive coverage for healthcare regulatory risk benefits insureds receiving a high percentage of revenue from government payers, including Medicare and Medicaid.
"Since introducing transactional liability coverage to the healthcare sector in 2015, the market for more easily accessible protection has matured, thereby demanding an updated solution," said Navine Aggarwal, head of Americas M&A. "Together, in cooperation with IronHealth, we are now offering a single limit, one-retention product."
IronHealth product offerings address liability risk throughout the healthcare sector, including provider liability insurance, employer and provider stop loss cover, and HMO reinsurance.
Ironshore, IronHealth, Transactional liability, Healthcare risk, US
