Banyan Risk Ltd, a Bermuda-based professional managing general agent (MGA), has launched healthcare professional liability products in Bermuda with strategic support from Mereo Insurance Limited (Mereo).
The new healthcare series focuses on complex U.S. healthcare professional liability risks, including hospitals and allied health.
Kim Morgan joins Banyan Risk as lead underwriter of the healthcare business, based in Bermuda. In this role, she will lead the development of Banyan Healthcare’s product portfolio and build relationships with brokers and clients.
Morgan is an experienced healthcare professional liability underwriter with a strong track record in the Bermuda and London markets.
Most recently, she served as Senior Vice President and Bermuda Health Insurance Practice Leader for Sompo International.
Earlier in her career, she held roles at Endurance, Marsh, Johnson & Higgins and Everen.
The launch of the Bermuda Healthcare product line marks another step in the expansion of Banyan Risk’s multi-product line professional platform.
Tim Usher-Jones, co-chief executive officer of Banyan Risk, said: “Healthcare professional liability is a specialized market where underwriting discipline, experience and strong relationships are critical.
“Kim is one of the most respected underwriters in this space and we are excited to have her join Banyan. With the support of Mereo, we are well-positioned to build focused healthcare products.”
Usher-Jones added: “Since launch, Banyan has been focused on steadily expanding its platform into areas where brokers and clients value consistency and underwriting discipline. Healthcare is a natural extension of this approach and part of our broader strategy to continue to build our business across specialty areas.”
Julia Mansfield, Head of Casualty at Mereo, commented: “This launch aligns closely with Mereo’s strategy to support specialist underwriting teams in areas where technical expertise, discipline and market relationships are critical.
“During this stage of the healthcare liability cycle, rigorous underwriting and deep market experience are particularly important. Bermuda continues to be an important market for complex healthcare liability risks, and Kim’s track record in this area provides a strong foundation for launch. This is a strategic opportunity for Mereo to participate in the U.S. hospital excess professional liability market with a Bermuda specialty underwriting team.”
“I am delighted to join Banyan Group at a time of growth,” said Morgan. “Bermuda continues to be a key market for healthcare liability, with clients looking not only for capacity but also for knowledgeable, responsive underwriting and long-term partners. Banyan’s platform, combined with Mereo’s support, provides a strong foundation on which to build a differentiated offering.”
