NJ PURE enters reinsurance contract with Gen Re

NJ PURE | March 18, 2020

NJ PURE – a medical malpractice insurer based in New Jersey – has entered a partnership reinsurance contract with General Reinsurance Corporation (Gen Re), a Berkshire Hathaway member company. A release said that the agreement will strengthen NJ PURE’s position in the industry and will support its growth in the years to come. “All of our policyholders may now take added comfort in knowing that NJ PURE has the financial support of Gen Re and the billions of dollars in assets behind it,” said NJ Pure principal and chief litigation officer Eric Poe. Poe added that the primary driver for the agreement was NJ PURE management team’s “long history of successful insurance operations in New Jersey.” He also mentioned the firm’s reputation as a physician advocate and its record of fighting against medical malpractice cases as factors in forming this partnership. “By backing NJ PURE up to 70% of our future exposures up to our policy limits, we believe Gen Re’s commitment to us is a testament to our long-term business model and its viability into the future,” the principal remarked.

Spotlight

The White Paper on National Health Insurance (NHI) has finally been signed off by Dr. Motsoaledi on the 28th June 2017. This document is now officially the Governments' National Health Insurance Policy. Broadly the NHI is a health financing system that is designed to pool funds to actively purchase and provide access to quality, affordable personal healthcare services for all South African citizens.

Spotlight

The White Paper on National Health Insurance (NHI) has finally been signed off by Dr. Motsoaledi on the 28th June 2017. This document is now officially the Governments' National Health Insurance Policy. Broadly the NHI is a health financing system that is designed to pool funds to actively purchase and provide access to quality, affordable personal healthcare services for all South African citizens.

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