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New Managed Care Program Announced By OneBeacon Professional Insurance

MINNETONKA, Minn., Oct. 15, 2012 /PRNewswire/ -- OneBeacon Professional Insurance ("OBPI"), a member of OneBeacon Insurance Group (NYSE: OB), today announced it has established an underwriting relationship with Managed Care Services, a division of Swett & Crawford.  OneBeacon and Managed Care Services have joined forces to capitalize on the deep expertise within both organizations to create liability insurance solutions for Managed Care Organizations.

Susan Angelo, Senior Vice President and Managed Care Division Leader for OneBeacon Professional Insurance said, "Swett & Crawford is at the forefront of underwriting Managed Care Organizations, and its longevity in the market provides stability in this changing environment.  Its experience coupled with our products will provide clients with solutions for their complex needs."

This Program Offers:

  • Subpoena defense expense coverage available by endorsement
  • Easy to understand language
  • Broader coverage that responds to new exposures in the evolving health care industry
  • Definition of Managed Care Activity expanded for potential new areas of risk, including calculation of medical loss ratio with related distribution and Quality Improvement Organization Programs

"Swett & Crawford has been a pioneer in the managed care segment, and we recognize the work that OneBeacon Professional Insurance has done to bring new products to market.  Together, we are committed to understanding the ever-changing issues facing the managed care industry and creating cutting-edge solutions for these organizations," said Molly Shepard, Senior Vice President, Managed Care Services.

While brokers with Managed Care business and an existing relationship with OneBeacon Professional Insurance will continue to have direct access to OBPI and its Managed Care underwriters, such brokers will have the option to use Managed Care Services in a wholesale type capacity if they choose.

Please refer to the actual policy for exact coverage descriptions and limits; exclusions and deductibles may apply. Coverages are subject to policy terms and conditions and may not be available in all states. The policies will be primarily written by one of the following insurance companies: Atlantic Specialty Insurance Company and Homeland Insurance Company of New York.

About OneBeacon Professional Insurance: OneBeacon Professional Insurance is a member of OneBeacon Insurance Group that specializes in professional liability solutions for targeted industries including hospitals, long-term care facilities, medical facilities, physician groups, media organizations, lawyers, real estate professionals, design professionals, financial services and technology providers. Additionally, OneBeacon Professional Insurance provides employment practices liability insurance, management liability and tailored products for complex organizations including health care provider excess insurance and HMO reinsurance. General liability, property and workers compensation coverages are also available for financial institutions.

About OneBeacon: OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol "OB." OneBeacon's underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment. OneBeacon's solutions target professional liability; ocean and inland marine; collector cars and boats; energy; entertainment, sports and leisure; excess property; environmental; group accident; programs; public entities; commercial surety; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon's news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom.

About Swett & Crawford: MCS has been an underwriting division of Swett & Crawford for almost 40 years. Swett & Crawford, the nation's oldest wholesale intermediary, has 98 years of experience in helping to mitigate the risks of doing business here and around the globe.  Headquartered in Atlanta, Georgia, the blended strength of Swett & Crawford and Cooper Gay, with a combined $3.5 billion in premiums, delivers the world's largest global wholesale brokerage and reinsurance organization with more than 1400 insurance professionals in 63 offices on five continents.

Swett & Crawford serves independent agents and brokers through specialized Property, Casualty, Oil & Gas/Energy, Professional Services, Transportation, Reinsurance and Underwriting Practice Groups.  These groups provide access to commercial insurance products and programs, including property and casualty coverages, products liability, reinsurance, professional liability, commercial and public auto liability as well as a host of customized binding authorities and exclusive programs tailored to specific industries, businesses and professionals.

Stock quotes in this article: OB, WTM 

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