HEALTHCARE :: BROKERAGE

Myron Steves :: Healthcare

Myron Steves is a diversified property and liability enterprise dedicated to solving the specialty risk transfer needs of its customers. Since 1975, we have placed medical professional liability premiums of over $1 billion through our global brokering and underwriting operations. In the process, we have developed strategic relationships with the permanent insurers and reinsurers supporting the healthcare industry.

What Do We Do?

Myron Steves is a national healthcare resource for brokers, consultants, risk managers and the healthcare providers these professionals represent. We are directly involved in evaluating, structuring and placing different healthcare liability programs on a daily basis.

The majority of our business is written excess of self-insured retentions or through alternative risk-financing arrangements that are custom-designed to give providers more control.

On placements where credible loss information is available, we estimate the expected value of losses using sophisticated technology to guide our customer's decisionmaking and our placement efforts. This knowledge has allowed us to structure risk financing programs that meet the ongoing needs of healthcare providers.

What Distinguishes Myron Steves?

As an organization that places more business with professional reinsurers than with insurers, we have developed a range of capabilities more typical of insurance company operations than retail brokers.

Integrity
Myron Steves enjoys a national reputation for honesty, fair dealing, good faith and professionalism. Our commitment to the highest standard of ethical behavior mirrors the vision and values of the health systems whose interest we ultimately represent.

Access & Relationships
We have strong relationships with the leading reinsurers, and access to 40 different insuring organizations in the US, Bermuda, London and Europe. This rapport allows us to negotiate the best possible terms and conditions for the insured.

Personnel and Staffing
Our staff has expertise, experience and credentials. Two of the three Myron Steves divisions are devoted exclusively to the healthcare industry.
In addition to the experience of our employees and regularly retained consultants, we have close relationships with a national network of consultants that allow us to meet the specific customer needs of any provider or system.

Technical Services
Our areas of expertise include: development of innovative financial structures to assume and transfer risk, captive formations, unique product creation, policy wording, assistance with trust and coverage agreement preparation, benchmarking projects; and novation and reinsurance assumption of existing policies.

Claims Services
Through regularly retained consultants, we evaluate the claim handling systems of healthcare organizations, monitor specific serious injury cases, and advise clients on claim litigation strategies. Through periodic reviews, we provide valuable input to clients designed to strengthen the underwriting profile of their risks.

Risk Management Services
Through regularly retained consultants, we evaluate the client's risk management systems in order to develop clinical practices that reduce the risk of legal liability that arises from medical misadventures.