What's New At OneBeacon Healthcare Group?

October 19, 2017

SENIOR LIVING ORGANIZATIONS

In an effort to achieve the greatest efficiency and ease of doing business, we are announcing a change in structure and appetite for our Senior Living Organization business. Going forward, assisted and independent living facilities will now fall under the Medical Facilities line of business, led by Sarah Logue. Given our Medical Facilities team currently underwrites select residential/inpatient for non-elderly assisted living risks, it's logical to merge these teams for greater efficiency.  

  • We will continue to target assisted living risks in select venues and have adjusted our appetite to now include smaller facilities and those with non-elderly residents. 
  • Minimum premiums will be lowered to $7,500 for ILF/ALF risks and $10,000 for those serving memory care residents. 
  • We also have a new minimum bed size of 12 beds per location.
  • Contact Sarah Logue for more information.  

HOSPITALS, PHYSICIANS AND COMPLEX RISKS

  • Earlier this year we introduced our new Physician Group Professional Liability policy, and implemented revised physician rates.
  • We have also expanded our appetite to include physician group accounts with a minimum premium of $10,000.
  • We selectively offer excess physician limits where OneBeacon writes the primary policy.
  • We continue to be a market leader in stand-alone ERP for physicians with revised rates for 2017.
  • We continue to maintain a broad appetite for hospital placements including primary, excess, umbrella and re-insurance of captives. Limits up to $25M available.
  • Contact Carolyn Toomey for more information. 

MANAGED CARE ORGANIZATIONS

  • We target all market segments of the managed care space including large, middle market and small managed care risks for managed care errors & omissions and management liability coverages.
  • We are able to entertain primary and excess, as well as separate or shared limit options for management liability coverages.
  • We will closely monitor changes to the Affordable Care Act (ACA) under the new administration and the impact on the managed care segment.  
  • Contact Jesica Wardwell for more information. 

MEDICAL FACILITIES

  • Growth remains brisk in this segment and our appetite remains consistent. Target classes include medical staffing, home healthcare, specialty pharmacies, laboratory, dialysis centers, employee wellness, urgent care, medical imaging and more. Visit our website for a listing of recently bound business.   
  • Mergers and acquisitions remain prevalent in this segment, and our flexible underwriting and form approach enables us to address the unique exposures and contractual requirements that come with these types of events. 
  • We offer claims made and occurrence professional and general liability coverages umbrella and excess coverage.
  • We are excited to combine our medical facilities and senior living organization business.
  • Contact Sarah Logue for more information. 

 

This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to the actual policies or consult with your independent insurance advisor for descriptions of coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.