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Press Release

MGIS Selects Markel Wholesale for Bariatric MPL Program

The MGIS Companies,Inc.
Posted on: 21 Nov 16

PR Newswire

SALT LAKE CITY, Nov. 21, 2016

SALT LAKE CITY, Nov. 21, 2016 /PRNewswire/ -- MGIS Underwriting Managers, Inc. (MGIS), a leading provider of insurance products and services designed specifically for physicians, today announced that Markel Wholesale ("Markel") will become the exclusive insurer partner for its PhysicianProtect™ | BARIATRIC medical professional liability (MPL) insurance program for bariatric surgeons. This action further strengthens the company's strategic focus on providing best-in-class protection and risk management services for bariatric surgeons and their practices.

"MGIS enjoys a strong reputation and rich history of providing high-value, specialized protection for physicians' incomes on the disability side," said Jeff Brunken, CEO of MGIS. "In a similar manner, we are now focusing our MPL business on specialties like bariatric surgery where we can provide a world-class bundle of A.M. Best "A" rated coverage, bariatric-focused underwriting/pricing, risk management, and superior claims service and legal defense not available elsewhere."

MGIS will combine its strong experience and understanding of the physician market and bariatric surgery with Markel's financial strength and healthcare market stature to offer a fine-tuned solution for a surgical specialty that is often poorly served by standard MPL insurance.

"The specialty focus and reputation of MGIS in the physician market is a great fit with our Healthcare Practice strategy," said Deb Goldberg, Markel's Managing Director, Medical Underwriting. "We are excited to work closely with them in the growing bariatric surgery segment where our combined skills and experience will provide a compelling solution for these surgeons."

Markel is deeply experienced in the medical professional liability industry, meeting physicians' and surgeons' unique liability claims and defense needs. Many members of the Markel Medical Professional Claims team are former practicing attorneys, and the company has a defense panel of top attorneys in place nationally.

"We are committed to selling exclusively through specialty producers, and along with our recent OmniSure partnership announcement, believe we now offer the industry's best combination of insurance and risk management specifically for their bariatric clients," said Brunken. "The PhysicianProtect™| BARIATRIC program will be available in most states nationally beginning December 1, 2016."

For information, contact Forrest Pullen at MGIS – forrest.pullen@mgis.com or 800-969-6447 x128.

About MGIS
The MGIS Companies, Inc. is a leading national insurance program manager with deep experience in building and managing specialized programs for medical professionals. We partner exclusively with highly rated carriers and focus on group disability and life, and medical-professional liability insurance for medical groups of all sizes and specialties, including emerging group structures with unique insurance requirements. MGIS works exclusively through local brokers and benefit advisers. The MGIS group disability policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA), and in New York, by Sun Life and Health Insurance Company (U.S.) (Lansing, MI) (collectively "Sun Life"). Both companies are highly rated for financial strength. The MGIS medical-professional liability insurance products and services are offered through Markel Wholesale, a business division of Markel Service Incorporated. Policies are written by Markel's affiliated carrier. Please visit www.markelcorp.com to learn or to see their most recent A.M. Best Rating. Terms and conditions for rate and coverage may vary for all policies we offer.  For more information, visit our website http://www.mgis.com.

About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgis-selects-markel-wholesale-for-bariatric-mpl-program-300366251.html

SOURCE The MGIS Companies, Inc.

PR Newswire
www.prnewswire.com

Last updated on: 21/11/2016

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