Swiss Re Corporate Solutions completes its acquisition of IHC Risk Solutions, LLC from Independence Holding Company (NYSE: IHC). With this acquisition, previously announced on 5 January 2016, IHC Risk Solutions will immediately adopt the Swiss Re Corporate Solutions brand.
IHC Risk Solutions’ former president, Mike Kemp, will lead the North America Accident & Health Business Unit of Swiss Re Corporate Solutions.
Through this arrangement, Swiss Re Corporate Solutions broadens its current ESL capabilities in the small- and middle-market self-funded healthcare benefits segment.Learn more
Expenses to US healthcare organizations and providers can become exorbitant due to the cost of medical malpractice. Arbitration agreements, which are incorporated into the admission process in many healthcare organizations, can reduce this burden by decreasing the number of jury trials and legal defense costs, promoting timely resolutions, eliminating the concern of unpredictable jury verdicts and damage awards, and maintaining disputants’ privacy. If a dispute proceeds to litigation it is beneficial to have a case heard in a reasonable venue, and a choice of forum agreement is valuable to incorporate in the admissions process.Learn more