Ryan Specialty and MagMutual enter exclusive partnership for healthcare facility coverage

Ryan Specialty, an international specialty insurance company, has entered into a new exclusive partnership with MagMutual, the mutual insurer of physicians and hospitals in the US.

This collaboration will be managed through Sapphire Blue, known for its advanced solutions for complex healthcare risks, and is part of Ryan Specialty’s underwriting division, Ryan Specialty Underwriting Managers.

Patrick G. Ryan, Founder, Chairman, and CEO of Ryan Specialty, commented: “MagMutual is a leader in the physicians and hospital professional liability insurance market, and we are pleased to strategically align our healthcare practice with them.

“We appreciate the collaboration of Neil Morrell and MagMutual’s talented team during this process, and we look forward to jointly bringing innovation and greater customer solutions to our clients and their insureds.”

Sapphire Blue will serve as MagMutual’s exclusive underwriter for policyholders outside the traditional physician and hospital sectors, with a focus on senior living and allied healthcare facilities.

“The collective experience, expertise, and brand recognition of our two organisations is exceptional in the healthcare liability marketplace. Together we will expand our healthcare liability products and offerings to better serve those who care for others,” added Nancy McMahon, CEO of Sapphire Blue.

Their collaboration aims to enhance insurance solutions and support the objectives of healthcare providers. This exclusive relationship is expected to contribute to improvements in product development, customer service, and risk management.

Neil Morrell, CEO of MagMutual, said: “Bringing together the two most positively disruptive, fastest-growing and customer-focused organisations in healthcare liability insurance is an exciting prospect for our current and future agents and customers. The synergies are not only self-evident; they are potentially transformative.”

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