Professional Liability Coverages for Healthcare Entities Focus of New Subsidiary of The Doctors Company
TDC Specialty Underwriters, Inc., Offers Excess and Surplus Lines Insurance Initially in 40 States
Napa, California—August 8, 2016—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, today announced the creation of a new excess and surplus lines subsidiary—TDC Specialty Underwriters, Inc.—to facilitate expansion of its product and service offerings to a broader and changing array of healthcare industry insurance buyers.
The subsidiary, headquartered in Hartford, Connecticut, provides professional and management liability coverages to healthcare organizations, including:
- Medical professional liability coverage for hospitals, non-hospital medical facilities, and long-term care facilities.
- Errors and omissions coverage for managed care organizations.
- Products/completed operations and clinical trials coverage for life sciences companies.
- Management liability coverage for a variety of healthcare entities.
The new subsidiary will offer additional products in 2017.
Coverages are available in over 40 states through TDC Specialty Insurance Company for non-admitted business and Underwriters for the Professions (to be renamed TDC National Assurance) for admitted business. Plans are underway to expand to additional states. Both of these companies share The Doctors Company’s A.M. Best Company A rating.
Paul Romano, a former executive of OneBeacon Insurance, is leading this initiative as president of TDC Specialty Underwriters.
“We’re putting together a very experienced team of leaders and senior underwriting and claims personnel to come at this exciting opportunity in a way that is credible and reliable to brokers and healthcare industry buyers,” Romano said. “With the reputation and resources of The Doctors Company behind us, we feel we have a favorable combination of ingredients to win the confidence of customers in these newly targeted business segments.”
The TDC Specialty Underwriters team includes underwriting executives Steve Spina, formerly of OneBeacon Professional, and Tristan Gabriel, formerly of ACE USA.
“We are pleased to continue our commitment to providing a broad array of professional liability coverages to the healthcare industry through the establishment of this new subsidiary,” said Rob Francis, chief operating officer of The Doctors Company. “We are investing meaningful resources in people and infrastructure to bring industry-leading products and services to this market.”
For more information about TDC Specialty Underwriters, contact Paul Romano at email@example.com or (860) 269-2808.
About The Doctors Company
Founded and led by physicians, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 78,000 members and $4.3 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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