LONDON & FORT WAYNE, Ind.--(BUSINESS WIRE)--Berkshire Hathaway International Insurance Limited (BHIIL) and MedPro Group Inc. (MedPro) are pleased to announce the addition of Premium Medical Protection Ltd. (PMP) to the Berkshire Hathaway group of healthcare liability companies. BHIIL, MedPro and PMP have been working together since 2014 to deliver industry-leading contractual medical indemnity insurance and patient safety & risk management solutions to UK private practice consultants and surgeons. Subject to regulatory approvals, this transaction is expected to close by year-end.
“PMP was created nearly a decade ago to provide UK consultants and surgeons with the best contractual medical indemnity insurance and patient safety solutions available,” said Juliet Bentley, PMP’s founder & CEO. “Our combination of top customer service, winning defence and leading contractual insurance protections have resulted in delighted customers and sustained PMP growth. Joining BHIIL/MedPro Group in the Berkshire Hathaway group of companies offering healthcare liability solutions continues our mission and allows us to further expand our capabilities and services to even more healthcare providers throughout the UK.”
With offices in Leamington Spa, Glasgow and London, PMP and its BHIIL/MedPro partners serve nearly 2000 private practice consultants and surgeons throughout the UK. Ms. Bentley will remain as president, and its employees and operations will continue as is, and PMP and BHIIL/MedPro will work together to ensure all customers continue to receive the best service and solutions.
“We are delighted to be able to work even more closely with PMP, and – with this acquisition – further highlight and strengthen the Group’s commitment to the UK medical malpractice market,” commented BHIIL/MedPro International Vice President John Bartlett. “The Group will be a great home for PMP and its dedicated employees.”
MedPro Group CEO Tim Kenesey added: “For over a century, MedPro has been the leading defender of the reputations and assets of USA healthcare providers. The collaboration with our BHIIL affiliate and others has resulted in new and improved insurance options for Europe’s healthcare providers. With PMP joining BHIIL/MedPro, we expect to grow our over $US 90 million international business and – most importantly – continue to expand our offerings and solutions to more healthcare providers.”
About Berkshire Hathaway International Insurance Limited
Berkshire Hathaway International Insurance Limited (BHIIL) is part of the Berkshire Hathaway group of companies and provides commercial insurance products for clients worldwide from its location in the heart of the insurance market in London, and from branches in Switzerland, Italy and Germany. BHIIL has a financial strength rating of AA+ (S&P) and is a fully owned subsidiary of National Indemnity Company, which has a financial strength rating of AA+ (S&P) and A++ (A.M. Best).
About MedPro Group
As the USA’s first provider of healthcare liability insurance, Berkshire Hathaway’s MedPro Group Inc. has protected the assets and reputations of the healthcare community since 1899. With over $1 billion in annual premium and more than 200,000 clients, MedPro Group is an industry leader in customized insurance, claims and patient safety & risk solutions for physicians, surgeons, dentists and other healthcare professionals, as well as hospitals, senior care and other healthcare facilities. MedPro Group includes The Medical Protective Company, Princeton Insurance Group, PLICO and MedPro RRG Risk Retention Group, all of which have earned financial strength ratings of A++ from A.M. Best.
About Premium Medical Protection
Premium Medical Protection (PMP) is one of the UK’s largest and most renowned providers of quality medical indemnity insurance to private practice consultants & surgeons. PMP’s success can be attributed to its values of honesty and integrity, with a philosophy to promote customer advocacy through outstanding products, above and beyond customer service and the most robust of defences. PMP is the only UK insurance provider able to provide both contractual Claims Made and Occurrence medical indemnity policies to UK consultants and surgeons. PMP Limited is an appointed representative of Harley Street Insurance Group Limited, which is authorised and regulated by the Financial Conduct Authority no. 570717.