As covered in previous bulletin articles, the US healthcare market has hardened after continued bad losses, which means the London market has seen an increase in business from the Long Term Care arena.
Miller recently placed yet another professional and general liability policy for a healthcare company with numerous facilities and over 1,000 beds. With reducing underwriter capacity, the difficulty to place the risk increased.
Despite this challenge, Miller were able to keep the premium the same while restricting their insurance programme. This win showcases Miller’s continued ability to place risks in a hardening market.
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