The healthcare industry has been rocked with more change in the last two years than we’ve seen in decades, which has led to uncertainty for insurers. The pandemic and the associated implementation of government policies left many people with negative perceptions of healthcare providers. These perceptions in some cases lead to outright hostility and an increase in not only malpractice claims, but even the way those claims are handled by juries.
This has resulted in a shake up of the insurance market, with some insurers getting cold feet and withdrawing, to be replaced by new players who don’t properly understand the market. With all this instability, it has never been more important to find stable insurers who will be there for your clients in their hour of need and give them the confidence that they are protected through these turbulent times.
Bringing stability to the marketplace
That’s why we’d like to introduce you to General Star Management, (GenStar). They provide coverage for a wide range of medical malpractice exposures for Physicians, Surgeons, as well as Miscellaneous Health Care Facilities.
GenStar have enjoyed incredible premium growth through the last two years,
with 34% in 2020 and 44% in 2021. This growth has been achieved by focusing on the top ten Miscellaneous Healthcare Classes and the top ten Medical Provider Classes, making GenStar one of the healthiest specialist insurers in the marketplace.
Examples of Medical Facilities covered by GenStar
Examples of Medical Providers covered by GenStar
A trusted partner
As a wholesaler, GenStar looked for problem-solving brokers to partner with — decision-makers who provide timely, comprehensive, and competitive quotes — enabling the company to keep focused on what it does best. This is where Westwood Insurance Group came in. Through providing GenStar with a steady stream of qualified clients, we’re proud to have been an integral part of their success.
For those specialty clients who are worried about having to constantly move from one carrier to the next, or just want the comfort of knowing their insurer will be there when they need to claim, GenStar could be the solution.