Coverys Announces New Excess/Surplus Lines Company

Coverys, a medical professional liability insurance provider, announced the creation of Coverys Specialty Insurance Company (Coverys Specialty), a new excess and surplus lines underwriting company.

The new offering rounds out the company’s suite of products and services by providing tailored excess and surplus coverage for unique or hard to place risks. Policies will be underwritten by leading insurance industry experts and accessible through select agents and brokers.

Coverys Specialty will provide customers with flexible speed to market insurance coverage that addresses emerging healthcare delivery exposures and trends.

Coverys Specialty, domiciled in New Jersey, will be operated under the leadership of industry veterans, Sam Mezzich, president and Edward Lyons, senior vice president.

Mezzich joins Coverys with over 25 years of medical professional underwriting experience, most recently at Arch Insurance where he served as a regional vice president for 12 years from the company’s inception. Prior to his time at Arch, he held both managerial and underwriting positions at GE Capital/ERC, CNA, AIG, and MLMIC.

As senior vice president, Lyons will work closely with Mezzich to successfully launch Coverys Specialty. Lyons previously spent 12 years at Arch Insurance, where he served as the assistant vice president of underwriting in the healthcare facilities and programs area. Prior to Arch, he held multiple underwriting positions at St. Paul Cos., including underwriting director for the physicians and surgeons product.

Source: Coverys