CHICAGO, Aug. 30, 2016 (GLOBE NEWSWIRE) — Beazley, a leading provider of specialist healthcare management liability insurance, has expanded its team with the addition of two new underwriters in the company’s Chicago office. These appointments add to Beazley’s growing team helping healthcare providers address their management liability, regulatory and other exposures through its Beazley Remedy product.
Stavan Israel joins Beazley from CNA where he was an underwriting specialist focusing on healthcare accounts. Prior to that, he was an underwriter for Chubb in its Chicago and Kansas City offices.
Scott Adams joins Beazley from Willis Towers Watson where he was mostly recently an assistance vice president in the Midwest FINEX division.
Beazley Remedy protects against directors’ and officers’ risks, antitrust risks, regulatory billing errors and omissions, employment practices liability risks, and fiduciary liability risks. It is the first policy to offer a standalone option for regulatory liability for governmental investigations into billing practices.
Hospitals and health systems, academic medical centers, long term care facilities and physician groups are among the healthcare providers eligible for enhanced regulatory liability coverage. Providers of a wide array of other healthcare services are eligible for the D &O, EPL and fiduciary liability coverage afforded under the Beazley Remedy policy.
“The continuing expansion of Beazley’s team addressing healthcare management liability risks demonstrates our dedication to providing superior service to insureds and our broker partners,” said Kelly Webster, Beazley’s healthcare management liability focus group leader. “Our talented team can quickly address client needs and offer well designed protection against the wide range of liability risks faced by healthcare organizations.”
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Beazley plc (BEZ) is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd’s syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 million. All Lloyd’s syndicates are rated A by A.M. Best.
Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.
Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.
For more information please go to: www.beazley.com