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IronHealth© Custom Accounts and Asset Protection Solutions
The healthcare industry by nature is anything but traditional. Increased litigation, administrative demands, and new government regulations have caused intense financial strains on health-related businesses. The business of healthcare is literally evolving on a daily basis. The result? Most healthcare service providers are faced with a basic choice when evaluating their insurance protection: either they expose themselves to greater risk or they find more customized, cost-effective solutions. At IronHealth, we believe professional liability protection should fulfill your company’s requirements, rather than an insurance company’s restrictions.
That’s why we’ve created a dedicated division in our healthcare group that focuses on complex or unique risks. In order to make smart choices, you need to work with smart people. Our paradigm enables you to work directly with senior leaders with in-depth medical professional liability, claims and legal experience. No layers. No bureaucracy. Our nimble team will take the time to partner with you to find and finance the best alternative risk solution. We will listen, analyze your objectives and creatively design a program that overcomes challenges specific to your needs.
While many specialty insurance companies profess expertise in the alternative risk solution arena, only IronHealth has created a flexible environment that gives our team leaders the freedom to make key decisions at the pace the market requires. Our flexible approach is critical in helping you protect the unique needs of your company so you can focus more time and resources on your business.
Alternative thinking creates non-traditional solutions
Our team focusOur specialized team focuses on alternative risk solutions for the healthcare industry. Our team of experts is led by actuaries and attorneys with underwriting, claims, reinsurance and corporate finance backgrounds who will work tirelessly to find the best, customized approach.
Our insured focus
• Allied Health Facilities
• Assisted Living Facilities
• Health Systems
• Hospitals
• Life Sciences Companies
• Long-Term Care Facilities
• Managed Care Organizations
• Medical Research Facilities
• Physician Group Practices
• Skilled Nursing Facilities
Ironshore, a Liberty Mutual Company, provides broker-sourced specialty property and casualty insurance coverages for varying risks. Ironshore is prepared to meet clients’ complex needs promptly, with a local service and in-depth underwriting experience across a broad spectrum of industries.
Following Ironshore’s acquisition by Liberty Mutual in 2017 and integration as a key part of the newly formed Global Risk Solutions, Liberty Mutual enables us to bring even greater scale, expertise, innovation and product offerings to market. As a combined operation with approximately $17.5 billion in gross written premium, brokers now have access to a top-tier insurer with greater capacity and product lines for a wide range of risks.
Boston-based LMHC, the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer and third largest property and casualty insurer in the U.S. based on 2019 direct written premium. The Company also ranks 77th on the Fortune 100 list of largest corporations in the U.S. based on 2019 revenue. As of December 31, 2019, LMHC had $43.2 billion in consolidated assets, and “A” ratings from both A.M. Best and Standard & Poor’s.
About Ironshore
Loss portfolio transfersA custom approach to release
positive reserve development or wind down a captive
Swing-rated or “Loss Sensitive” arrangements
Unlimited Tail Coverage for previously self-insured or captive insured retentions
Fully funded policies
Fronting arrangements for captives
Stop loss coverage for an insured’s self-insured retention
Examples of offerings
Alternative risk benefits
Ability to smooth losses through
multi-year cumulative swing deals
A wide variety of risk transfer or risk financing solutions
Tailored coverage with manuscript
policies
Premiums and collateral obligations are established on a case-by-case basis
Greater control and flexibility on coverage,
claims handling, management and
overall risk
Experience Our leadership team has the underwriting, legal and the financial expertise to design and balance risk financing and risk transfer.
Flexible paradigm Our structure enables our clients to have access to our leaders who focus solely on alternative risk. These experts have the freedom and accountability to make important decisions in real time.
Claims Our underwriters and claims professionals work as a team. In other words, the people who make the promise, keep the promise. It’s the difference between an insurance provider and a true insurance partner.
Ironshore, a Liberty Mutual Company, provides broker-sourced specialty property and casualty insurance coverages for varying risks. The Liberty Mutual group of companies is rated A (Excellent) by A.M. Best and A (Strong) by Standard & Poor’s. For more information, please visit: www.ironshore.com
The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth herein does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages or products are available in all states or regions and policy terms may vary based on individual state or region requirements. Some policies may be placed with a surplus lines insurer. Surplus lines insurers generally do not participate in state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers.
06/20
Contacts & Submissions
Patricia LeeProduct [email protected](857) 224-7875
Submissions [email protected]
