Company Information

Recent Annual Reports:

2023 Annual Report
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2022 Annual Report
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2021 Annual Report
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Press Releases

09.10.24: Coverys Appoints Nico Santini as the Organization’s First Chief Investment Officer
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07.09.24: Coverys Announces Expanded London Insurance Platform with Regulatory Approval
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04.08.24: Coverys Names Brian J. Farrell Jr. as Senior Vice President of Claims
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08.14.23: Coverys’ Board of Directors Welcomes Michael Apkon, MD, PhD
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04.04.23: Coverys Selects Cathy Donahue as Chief Operating Officer
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Press Contact:

For press inquiries and all public relations matters, please contact Valerie Frankfort, Senior Director, Corporate Communications, at 617.946.8665 or vfrankfort@coverys.com.

Underwriting Companies —

Medical Professional Mutual Insurance Company 

Medical Professional Mutual Insurance Company (ProMutual®) originated as a joint underwriting association (JUA) created by the Massachusetts Legislature in 1975. In 1992, the state disbanded the JUA and a new organization, The Medical Malpractice Professional Insurance Association (MMPIA), assumed responsibility for former JUA clients. The MMPIA was later converted to a mutual insurance company, Medical Professional Mutual Insurance Company. ProMutual has an A.M. Best rating of A ("Excellent"). Medical Professional Mutual Insurance Company, NAIC 10206, domiciled and admitted in Massachusetts. One Financial Center, Boston, MA 02111.
 

ProSelect® Insurance Company

ProSelect Insurance Company (ProSelect) is domiciled in Massachusetts and offers insurance protection to healthcare providers and facilities in New England and on the East Coast. ProSelect has an A.M. Best rating of A ("Excellent"). ProSelect Insurance Company, NAIC 10638, domiciled in Nebraska, admitted in all 50 U.S. states* and the District of Columbia. Home office located at One Financial Center, Boston, MA 02111. *Doing business in California as Coverys Insurance Company, California Certificate Number 6122-6
 

Coverys Specialty Insurance Company

Coverys Specialty Insurance Company is an excess and surplus carrier domiciled in New Jersey. It was created in 2015 to address emerging healthcare delivery exposures and trends with flexible speed to market insurance coverage. Coverys Specialty is accessible to select insurance agents and brokers, and has an A.M. Best rating of A ("Excellent"). 
 

Coverys European Holdings

Coverys European Holdings is an agency platform and network that invests in and collaborates with managing general agencies in Continental Europe and the UK, specializing in the professional lines sector. 
 

Coverys International

Coverys International provides business insurance for small and medium-size enterprises on a primary and excess basis throughout Europe via managing general agencies.
 

Coverys Limited

Coverys Limited is part of Coverys’ dedicated London platform, which includes both an insurance company and managing general agency operations, known collectively as “Coverys London”. Coverys London underwrites a balanced portfolio of both medical liability insurance and healthcare reinsurance across a broad range of specialty lines.
 

Coverys Risk Retention Group, Inc.

Coverys Risk Retention Group, Inc. is a risk retention group sponsored by Medical Professional Mutual Insurance Company. It is domiciled in the District of Columbia and is presently writing business in New York. Coverys Risk Retention Group, Inc. has an A.M. Best rating of A ("Excellent").
 

Preferred Professional Insurance Company®

Preferred Professional Insurance Company (PPIC®) was acquired by ProMutual in 2014. PPIC was previously owned by a group of Catholic health systems representing over 600 acute care facilities, 300 long-term care facilities, and thousands of employed healthcare providers. PPIC has an A.M. Best rating of A ("Excellent"). Preferred Professional Insurance Company, NAIC 36234, domiciled in Nebraska, admitted in all 50 U.S. states and the District of Columbia. 11605 Miracle Hills Dr. Suite 200, Omaha, NE 68154-4467.
 
 

Alternative Risk Solutions —

 

Capital Risk Solutions, SPC

Capital Risk Solutions, SPC, is a segregated portfolio captive insurer domiciled in the Cayman Islands. It was organized and licensed in 2004.
 

ProMutual Solutions Insurance Company

ProMutual Solutions Insurance Company is a sponsored cell captive insurer established in 2006. It is domiciled in Vermont.
 
 

Service Providers and Divisions —

 

Coverys Consulting Services

Coverys Consulting Services focuses on serving the needs of hospitals, healthcare systems, and large provider groups who do not participate in the traditional insurance market by addressing opportunities to enhance patient safety and quality outcomes.
 

Med-IQ®

Med-IQ empowers individuals at every level of the healthcare delivery system with the knowledge they need to continuously improve provider performance and patient outcomes. Med-IQ delivers unique educational experiences and services and is one of the most award-winning accredited medical education providers in the United States. 
 

ProMutual Group, Inc.

ProMutual Group, Inc. is the parent company of the Coverys underwriting companies (except for Medical Professional Mutual Insurance Company), as well as several Coverys companies that provide agency services and alternative risk solutions. It is also the parent company of Coverys’ risk management and provider education businesses. ProMutual Group, Inc. is domiciled in Massachusetts.