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Premier Insurance Management Services, Inc., a wholly owned subsidiary of Premier, Inc., has selected a new administrator for its property and casualty insurance products and services.
The move is effective May 15, 2006. AmWINS Brokerage is a division of independently-owned American Wholesale Insurance Group, the nation’s second largest insurance wholesaler, providing property and casualty, group life and health, and program administrative services. A wholesale broker with strong retail agent and brokerage relationships nationwide, AmWINS handles total premium placements of over $2.4 billion.
Premier Insurance Management Services (PIMS) made its decision based on recent changes in the insurance industry, a desire to enhance customer service, and the potential to develop future value-added insurance products and services.
“AmWINS’ relationships with the insurance broker community will expand the value of programs for our members,” said Robert Dowdy, president of Premier Insurance Management Services. “We look forward to a strong partnership with AmWINS as we focus on meeting the insurance needs of our member hospitals.”
PIMS helps healthcare organizations manage insurance costs with programs that offer cost-effective coverage tailored to individual needs, including sponsored and risk-bearing programs, as well as risk, claims and litigation management. PIMS provides insurance services to 186 hospitals, representing approximately 275 property and casualty and 85 employee benefits policies with premiums totaling approximately $51 million.
Health Industry Insurance Professionals, Inc. (HIIPI, a division of Marsh) was the previous administrator of Premier’s property and casualty program. The change to AmWINS does not affect coverages or clients’ existing relationships with brokers or agents.
“We’re pleased to partner with Premier Insurance Management Services and look forward to exploring new ways to deliver value to the hospitals that make up its membership,” said Steve DeCarlo, president and CEO of American Wholesale Insurance Group. “Together, we will be focused on delivering the highest level of customer service available in the industry”
About Premier Inc.
Premier Inc. helps hospitals accelerate performance on both clinical outcomes and supply chain costs. Premier is a healthcare alliance entirely owned by more than 200 of the nation’s leading not-for-profit hospitals and healthcare systems. These organizations operate or are affiliated with nearly 1,500 hospitals and more than 38,500 other healthcare sites. Premier provides an array of resources supporting health services delivery, including clinical and operational comparative data applications for quality/safety performance improvement, group purchasing and supply chain services, and insurance programs. Headquartered in San Diego, CA, Premier has offices in Charlotte, NC, Chicago, and Washington, DC.