Recently The Doctors Company (TDC) announced the creation of a new excess and surplus lines subsidiary— called TDC Specialty Underwriters, Inc.—to facilitate the expansion of its product and service offerings to a broader and changing array of healthcare industry insurance customers.
Available in over 40 states through TDC Specialty Insurance Company for non-admitted business and the soon to be renamed TDC National Assurance for admitted business. Both of these companies share The Doctors Company’s A.M. Best Company A rating.
Paul Romano is streamlining this initiative as president of TDC Specialty Underwriters.
“We’re putting together a very experienced team of leaders and senior underwriting and claims personnel to come at this exciting opportunity in a way that is credible and reliable to brokers and healthcare industry buyers. With the reputation and resources of The Doctors Company behind us, we feel we have a favorable combination of ingredients to win the confidence of customers in these newly targeted business segments.”
Rob Francis, chief operating officer of The Doctors Company, explains “we are pleased to continue our commitment to providing a broad array of professional liability coverage to the healthcare industry through the establishment of this new subsidiary, We are investing meaningful resources in people and infrastructure to bring industry-leading products and services to this market.”
This isn’t the first time a company has tackled standard liability – but it’s the first time a company has created a separate division focused solely on expanding their capabilities and offering their products like TDC through this new subsidiary.
Here’s a glimpse of the coverage to look forward to in 2017 with the expansion of TDC’s new subsidiary:
- Long-term care
- Manage Care (ENO)
- Products/ Clinical Companies
- Management Liabilities
- Directors and Officers (D&O)
- Employment Practices Liability (EPL)