ZURICH
NAMES EVERGREEN RE PARTNER BROKER OF REINSURANCE PRODUCTS
STUART, FL, June 30, 2004 -Zurich, one of the leading commercial insurance companies in the world, has selected Evergreen Re to help it build a commanding share in the managed care reinsurance space.
As the nation's largest broker of managed care reinsurance and managed transplant, Evergreen Re was designated a Zurich Partner Broker, giving the firm access to the global company's managed care risk product lines, including HMO Reinsurance, Managed Transplant Insurance, and Provider Excess Loss and Employer Stop Loss coverage.
"Zurich is a global insurance leader with significant risk taking capacity and appetite. Our relationship with them will provide our clients even greater leverage, thus ensuring coverage terms providing true catastrophic protection," said Charles Crispin, president & CEO of Evergreen Re.
"Zurich is pleased to partner with Evergreen Re in the development of multiple product solutions in the sophisticated managed care marketplace", said Dan Fenton, Senior Vice President of Zurich's Specialty Health operation. "Zurich's financial stability and underwriting creativity coupled with Evergreen Re's considerable technical and industry knowledge will allow us to provide for sound, creative solutions for our managed care customers."
Zurich offers multiple risk transfer product solutions to managed care plans which include flexible coverage terms with sufficient maximum limits. "Evergreen Re brings consulting experience and expertise, along with in-depth analysis on behalf of every client, allowing our underwriters to succeed in our mission to offer a differentiated product solution tailored to each client", Fenton added.
Evergreen Re is a national healthcare consulting firm providing reinsurance brokerage services, pharmaceutical audit and management programs as well as a wide range of risk reduction products designed to improve predictability and financial performance for health plans, provider organizations, unions and large employers. The company's strategic relationships with recognized carriers enable it to provide comprehensive risk protection and design customized programs for clients. Evergreen Re represents health plans, large employers and other payors with members in more than 45 states.
Founded in 1872, Zurich is an insurance-based financial services provider with a global network that includes more than 50 offices and 62,000 employees serving clients in 120 countries. In North America, Zurich is a leading commercial property-casualty insurance provider serving global corporations, middle market companies and the small business sector.
