Berkley Medical Excess Underwriters

Our Mission

Berkley Medical Excess Underwriters (BerkleyMed) seeks to be the market leader in medical malpractice excess and reinsurance coverage, by providing customized risk financing alternatives and risk mitigation services that meet the unique needs of our healthcare customers.

Company Description

BerkleyMed helps insure healthcare organizations that retain the predictable layer of risk and seek to maximize the effectiveness and efficiency of their risk financing program. We manage direct excess and umbrella coverage over a trust or other self-insurance vehicle, and reinsurance to captive facilities.

We bring value to our brokers and clients by collaborating on risk management, claims and financial issues.

By understanding each client’s unique situation and goals, our team is able to develop a risk financing and service strategy that aligns with that of the broker and the needs of our clients with a focus on reducing their overall total cost of risk. We currently provide a maximum capacity of $25 million in claims-made hospital professional liability limits through excess and umbrella policies, which are issued on Admiral Insurance Company paper (rated A+ (Superior) with a Financial Size Category of XII by A.M. Best), and reinsurance certificates, which are issued on Berkley Insurance Company paper (rated A+ (Superior) with a Financial Size Category of XV by A.M. Best).

How Berkley Medical Excess Underwriters, LLC is Different

Our Multi-Faceted ApproachThe BerkleyMed team includes specialists from all facets of the insurance industry, including finance, actuarial, clinical risk management, underwriting, and claims management. This multi-faceted approach enhances our ability to understand the strategic objectives of our clients and more effectively deploy our products and resources to support both the operational and risk financing objectives of our clients and brokers.

Data Mining We recognize that our clients need tools to more accurately measure the cost effectiveness of aggressive risk management. We have developed a proprietary healthcare liability database that gives our clients the ability to evaluate their own loss and exposure experience relative to the industry or a self defined peer group. By utilizing our customized data mining reports, hospital CEOs and CFOs can more effectively analyze the return on investment of strategic decisions to support risk management and claim initiatives. Risk and claim specialists can utilize the results to affirm best practices and effectuate specific opportunities for improvement.

Proactive Claim ServicesProactive claim management and optimal claim resolution result in lower loss costs and ultimately a lower total cost of risk. Our clients benefit from a collaborative claims philosophy and our diverse claim expertise in hospital claim management, administration, negotiation, strategy, and claim advocacy.

Proactive Risk Management Services For BerkleyMed clients, our clinical risk management consultants are available to assist with risk management, clinical, regulatory or loss prevention services. By linking risk management services to a customized risk financing program, limited resources can be directed to high risk areas that are driving loss, with the ultimate goal of reducing their total cost of risk.

CreativityAs healthcare risk specialists, we know our risk products and services must be innovative, flexible, responsive, and state-of-the-art. Our underwriting process begins with an evaluation of each insured’s risk profile, but traditional underwriting tools only evaluate one facet of an insured’s risk.

InnovationWe go an extra step to better understand each insured’s organizational strategic objectives, risk appetite, financial position, service requirements, claims philosophy, and risk management philosophy. The result is a more creative program that better satisfies the risk financing and strategic initiatives of our insureds and brokers.

ActionFocused on turning data into actionable recommendations is at the cornerstone of BerkleyMed’s strategy.We believe that linking data to risk financing programs and our risk mitigation services provides our healthcare customers with the ability to take action in controlling costs within their retained layer.

Distribution

BerkleyMed products and services are distributed on a nationwide basis by independent insurance agents and brokers. We strive to meet the objectives of our distribution network by working closely with them to identify and meet their customer’s needs as they relate to their healthcare professional liability exposure.

About W. R. Berkley Corporation

W. R. Berkley Corporation, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

Contact Information

Berkley Medical Excess Underwriters, LLC
390 S. Woods Mill Road, Suite 125
St. Louis, MO 63017
Tel: (314) 523-3650
Fax: (314) 523-3685
www.berkleymed.com

J. Michael Foley, CPA
mfoley@berkleymed.com

Robbin A. Willis
rwillis@berkleymed.com