Ryan Specialty Group (RSG) has partnered with healthcare and life science underwriters at Lloyd’s of London to form RSGUM Healthcare, a new healthcare and life science underwriting facility.
Lloyd’s support for this comes from Amlin, Chaucer, Catlin, Hiscox, Atrium, Ren Re and Dale, resulting in the largest, single healthcare coverholder arrangement in Lloyd’s.
The facility was developed in partnership with RKH Insurance Brokers in London.
The landmark underwriting facility brings together the well-respected RSGUM businesses of Sapphire Blue and LifeScienceRisk under a single underwriting facility. It will target a broad array of healthcare and life science business.
Targeted healthcare classes include long-term care, allied healthcare, specialty and rehabilitation hospitals, and standalone extended reported period products. The life science classes include generic pharmaceuticals, branded pharmaceuticals, medical products, nutritional supplements and clinical trials.
The facility will offer primary and up to $25 million in excess coverage for professional, general and products liability coverage, placing the new underwriting facility among the very few to offer $25 million in capacity across such a broad range of products.
Lloyd's, RSG, Europe, US