Medical professional liability insurer Coverys has named Keith Bryceland as Active Underwriter of Coverys Syndicate 1975.
Bryceland brings over 25 years of experience to the London-based Syndicate, specializing in underwriting global professional liability insurance and reinsurance.
Bryceland 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.
Placed through brokers, Syndicate 1975 will provide protection coupled with risk management and mitigation solutions to improve margins and increase patient safety for physicians, hospitals, and other providers of healthcare.
Gregg Hanson, CEO and president of Coverys, said; “as growing healthcare systems look to the Lloyd’s market for customized protection and financial strength, Syndicate 1975 will build upon Coverys’ expertise in bringing unparalleled products and services to the healthcare market.
“Keith’s knowledge and experience is an asset that will assist Coverys as it seeks to enter the Lloyd’s market in London, offering sophisticated insurance and reinsurance solutions for larger group practices and healthcare systems,” Hanson added.
Coverys received “in principle” approval earlier this year to form Syndicate 1975 and is working with Lloyd’s and third-party managing agency, R&Q Managing Agency, which Coverys is under contract to purchase.
Syndicate 1975 is expected to begin underwriting business on January 1, 2018, subject to completion of the final approval phase of the Lloyd’s application process.
