Hylant
Group Partners with ACE Medical Risk
New
Physician Liability Coverage Option Available in Ohio
and Michigan
TOLEDO,
Ohio - June 5, 2006 - Hylant Group and
ACE Medical Risk jointly announced today an agreement
for Hylant Group to be the distributor of comprehensive
physician medical liability coverage in both Ohio and
Michigan. The healthcare professional liability coverage
for physicians is marketed by ACE Medical Risk, an operating
division of ACE USA.
"ACE USA has the financial
strength and resources to make an immediate
impact in both states," says Richard Hylant,
President, Hylant Group. "They have established
themselves as the market leading choice for
physicians by building a superior platform in
the critical areas of financial security, policy
coverage and retirement tail options."
"We believe that the
healthcare field needs committed and creative
insurance partners," says Ross Bertossi,
President, ACE Medical Risk. "At ACE Medical
Risk we are pleased to partner with Hylant Group,
capitalizing on our combined expertise and resources,
in order to provide comprehensive healthcare
professional liability insurance coverage for
physicians in Ohio and Michigan."
In addition to healthcare
professional liability insurance for physicians,
ACE Medical Risk's product offerings include
primary and excess healthcare professional liability
for hospitals, long-term care and miscellaneous
healthcare facilities, as well as a comprehensive
package policy for long-term care including
property, auto, crime, and boiler and machinery
coverages. ACE Medical Risk also offers products
liability for clinical trials, biotechnology
and specialty pharmaceutical companies. Insurance
is provided by subsidiaries of the ACE Group
of Companies.
ACE USA is the retail U.S.-based
operating division of the ACE Group of Companies,
headed by ACE Limited (NYSE: ACE), and is rated
A+ (Superior) by A.M. Best Company and A+ (Strong)
by Standard & Poor's. ACE USA, through its
operating companies, is a leading provider of
property, casualty, and accident and health
insurance, as well as financial products and
risk management services. The ACE Group of Companies
provides insurance and reinsurance for a diverse
group of clients around the world.
The Hylant Group, founded
in 1935, is the 27th largest insurance agent
in the United States. Hylant is a member of
the Worldwide Broker Network and is currently
ranked by the Hales Report as the 7th largest
privately held broker in the nation. With a
team of over 625 insurance professionals, they
are positioned to service their clients locally
and around the globe. Hylant offers complete
risk management services, employee benefits,
loss control, 401(k) and financial services,
health care management, and insurance for businesses
and individuals around the world. In addition
to the corporate headquarters in Toledo, Ohio,
the firm has offices in Cincinnati, Columbus
and Cleveland, Ohio; Troy and Ann Arbor, Michigan;
as well as Indianapolis, Bloomington, and Fort
Wayne, Indiana. For more information, call the
Hylant Group at 800-249-5268.
* The above is a product
summary only. For the actual terms and conditions,
please refer to the policy.
