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Rockhill Healthcare will initially focus on long-term-care risks and five focused classes of miscellaneous facility business, all written on a nonadmitted basis.
By focusing on a limited number of defined classes of business, "Rockhill believes that it has an underwriting advantage," said Richard Parks, president of Rockhill Specialty Division.
The company said distribution will be through a limited network of surplus lines wholesale brokers and will be exclusive to those with an expertise and commitment to health care business.
Parks said Jurgel is "recognized among his peers as being one of the best underwriters in both general and professional liability for nursing homes, long-term-care facilities and other facilities.
"What we liked about his plan was that his initial focus wasn't on doctors or hospitals but to identify and serve segments of the health care spectrum that are less served like long-term care and assisted living facilities, along with five segments he's targeted as miscellaneous facilities. We think that's in line with who Rockhill is. We're not everything to everyone; we look to identify strategic segments on a broad market and go a bit deeper," Parks said.
Tracy Schulz, who has 20 years of health care underwriting experience, primarily with Reliance and Medical Protective, and Justin Magee, also formerly of Lexington, also will join the team.
Rockhill Underwriting Management, a wholly owned subsidiary of Rockhill Holding Co., offers admitted and nonadmitted property/casualty insurance products. Rockhill Holding Co., a diversified insurance holding company established in 2005, produces, underwrites and consults on insurance products ranging from small commercial package business, residential construction, high-risk property, and environmental liability.
In February, State Automobile Mutual Insurance Co., the lead member of State Auto Insurance Cos., announced the completion of its purchase of Rockhill Holding Co. and its subsidiaries, according to BestLink.
In 2008, Rockhill Insurance Group had more than $117 million in direct premiums written and nearly $83 million in net premiums written, according to BestLink.
Rockhill Insurance Group currently has a Best's Financial Strength Rating of A- (Excellent).
(By Lori Chordas, senior associate editor, Best's Review: Lori.Chordas@ambest.com)
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