Medical professional liability insurer Coverys has hired Keith Bryceland as active underwriter of Coverys Syndicate 1975.
This comes as US medical malpractice specialist Coverys gained in-principle approval from Lloyd's in September to establish a full syndicate that will be managed by R&Q Managing Agency.
The syndicate is expected to begin underwriting business on 1 January 2018, subject to completion of the final approval phase of the Lloyd’s application process.
Bryceland bring more than 25 years of experience to his role, specialising in underwriting global professional liability insurance and reinsurance.
Prior to joining Syndicate 1975, Bryceland served as senior underwriter at Chubb Syndicate 2488 where he was responsible for underwriting all classes of professional liability insurance and reinsurance, ranging from medical to legal liability.
Placed through brokers, Syndicate 1975 will provide protection coupled with risk management and mitigation solutions to improve margins and increase patient safety for physicians, hospitals, and other providers of healthcare.
Coverys president and CEO Gregg Hanson said: “As growing healthcare systems look to the Lloyd’s market for customized protection and financial strength, Syndicate 1975 will build upon Coverys’ expertise in bringing unparalleled products and services to the healthcare market.
“Keith’s knowledge and experience is an asset that will assist Coverys as it seeks to enter the Lloyd’s market in London, offering sophisticated insurance and reinsurance solutions for larger group practices and healthcare systems,” Hanson added.