Evergreen Re Press Releases & White Papers

 

BROWN & BROWN, INC. ANNOUNCES THE ASSET ACQUISITION OF EVERGREEN RE INCORPORATED

Daytona Beach and Tampa, FL and Stuart, FL - Jim W. Henderson, Vice Chairman and Chief Operating Officer of Brown & Brown, Inc. (NYSE:BRO), and Charles C. Crispin, President and Chief Executive Officer of Evergreen Re Incorporated, of Stuart, Florida, today announced the asset acquisition by a subsidiary of Brown & Brown, Inc. of Evergreen Re Incorporated.

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Time Tested Quota Share Treaties Help Plans Meet or Improve Surplus Requirements

Rapidly growing health plans and insurers, including start up plans and plans with new product offerings or service area expansion are turning to quota share reinsurance to help spread the risk and meet or improve their surplus positions. This risk transfer insurance strategy not only provides much needed capital relief, it also comes with an army of actuaries and other experts working with plans they have partnered with to ensure their future success.

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EVERGREEN RE NAMES JACKIE WISHON DIRECTOR OF ANALYTICS & REPORTING

STUART, FL -- Evergreen Re, the nation’s largest health plan reinsurance broker, announced Jackie Wishon has joined the firm as Director of Analytics and Reporting.  In her new position, Wishon will be providing actuarial and technical assistance to secure the most comprehensive reinsurance coverage for the firms’ clients and prospects.

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Unprecedented Growth in Catastrophic Claims May Leave Health Plans Exposed

STUART, FL -- By 2010, the severity and frequency of catastrophic healthcare claims are expected to grow to unprecedented levels, according to a recent study commissioned by Evergreen Re, the nation’s largest health plan reinsurance broker.

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Christine Heutinck Named Senior Pharmacy Consultant, Evergreen Rx

Christine Heutinck has been named Senior Pharmacy Consultant for Evergreen Rx, the pharmacy practice of Evergreen Re. With more than six years senior management experience in the pharmacy industry, Christine is responsible for the development and servicing of pharmacy clients for the firm.

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Evergreen Re Becomes Medicare Advantage Solutions Partner for MA Tool Kit

The Medicare Advantage Tool Kit, an interactive CD for Medicare Advantage plans presenting a collection of solutions by proven managed care industry leaders, now includes Evergreen Re as one of the new MA partners. The new MA Tool Kit Version 3 also includes MedAssurant, Halleland, Lewis & Johnson and The Medicare Rights Center among its new partners.

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AHIP Selects Evergreen RX to Join AHIP Solutions Program

Washington, DC - America’s Health Insurance Plans (AHIP) announced today that Evergreen RX has been selected as the newest member of its vendor affinity program, AHIP Solutions.

Evergreen Rx employs proprietary analytical tools and processes that can help AHIP member companies evaluate, analyze and improve the performance of their current Pharmacy Benefit Management (PBM) programs. Additionally, AHIP members will be able to take advantage of Evergreen Rx’s process as a powerful negotiating tool to secure and maintain the most cost-effective, high-quality PBM programs available.

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Evergreen Re Names Curtis Beharry Vice President of Client Services

Stuart, FL - Evergreen Re, the largest HMO reinsurance broker in the country, announced today the appointment of insurance claims and administration veteran Curtis Beharry to Vice President of Client Services.

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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.

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Evergreen Re Acquires Stanton Group Pharmacy Unit
One of the country's top pharmacy consulting groups to lead Evergreen Rx team

Stuart, FL - June 2, 2004 -- Evergreen Re, a national healthcare reinsurance and medical risk brokerage firm, announced this week it has acquired the pharmacy practice of Stanton Group and will name its new division Evergreen Rx. The move will further strengthen the firm's ability to provide products and services to help health plans, insurers, large employers and unions manage their medical and prescription drug expenses.

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Evergreen Re Appoints Bill Whitaker Chief Operating Officer

STUART, Fla., Feb 17 /PRNewswire/ -- Evergreen Re, a national healthcare reinsurance and medical risk brokerage firm, announced today the appointment of Bill Whitaker to Chief Operating Officer.

Bill brings more than 20 years of management experience and more than a dozen years of senior management health care expertise. Before joining Evergreen Re, Whitaker served as Vice President of Sales for Horizon Behavioral Services. He was also Chief Operating Officer for Magellan Specialty Health, Senior Vice President and Chief Marketing Officer for Foundation Health of Florida, Inc, and President of PCA Health Plans of Alabama, Inc.

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Using Transplant Carve Outs to Make Self-Funded Benefit Costs Predictable
By Chuck Newton, Evergreen Re

Employee benefits are a hot-button issue. While most companies recognize the importance of benefits in recruiting and retaining the best employees, the hard-dollar costs are spiraling upward with no relief in sight. In an effort to exert some control over costs and plan design, many companies have turned to self-funding their benefits programs.

Self-funding is most effective for large companies. In a self-funded scenario, the employer becomes the primary risk-bearer and assumes what would typically be the insurance company's role. Instead of paying for a traditional group-health policy, the employer establishes cash reserves to cover the claims of its employees. While a company may save money by not paying premiums to the insurance company, one unpredictable, expensive event can dramatically impact the bottom line.

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