2018 Financial Highlights – Constellation Insurance Companies

 

 

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2018 Financial Highlights – Constellation Insurance Companies
Constellation is a growing portfolio of medical professional liability insurance companies, which currently includes MMIC in the Midwest, UMIA in the Mountain States, and Arkansas Mutual. Together, these organizations collaborate throughout much of the country to offer our health care and long-term care clients a market-leading blend of financial stability, highly responsive customer service, and innovative approaches to liability risk management. Our dedication to care teams informs all we do, as we believe that what’s good for care teams is good for business. In 2018, we worked “together for the common good” to achieve another year of impressive results, as well as strong positioning for our future.

“A” rated by A.M. Best

A.M. Best, the most widely recognized insurance rating agency, affirmed our financial stability with an “A” (“Excellent”) rating. Our ongoing financial strength enables us to deliver superior service to our policyholders while continuing to invest in opportunities that will drive future growth. Ultimately, our solid financial position fuels our mission to help physicians and all those who devote their lives to health care attain their dream—to help, heal and serve.

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Learning from Malpractice Claim Data

There’s so much to learn from malpractice claims data. Constellation has collaborated with CRICO Strategies to do even more with the data from our member insurance companies. By working together and sharing data, we are able to dive deeper and draw more meaningful insights and analyses for our policyholders. Preventing a claim is always preferred and sometimes there are simple ways to change care team practices that can make a significant different. It’s all in the data! Read the new CRICO Strategies case study that highlights our efforts together.

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Arkansas Mutual Financial Highlights: 2017

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Arkansas Mutual Insurance Company completed 2017 in a solid financial position affirmed by an “A” (“Excellent”) rating by A.M. Best, the insurance industry’s leading rating agency. Since 2015, Arkansas Mutual has been a member of the Constellation family of companies, which also includes MMIC, the largest medical professional liability insurance organization in the Midwest, and UMIA, a leading medical professional liability insurance organization in the Mountain States. Arkansas Mutual is able to draw upon Constellation’s strong financial resources and dedicated team members to support the needs of Arkansas physicians and healthcare providers through a team of local experts.

In 2017, Constellation reported increased members’ surplus, strong net income and outstanding customer retention. This collective financial strength and security is reflected by the “A” “Excellent”) rating received from A.M. Best by each of our members of the Constellation insurance group.

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AR Business: New Holding Company Prepares Arkansas Mutual for Expansion

Click to read original publication on Arkansas Business 11/9/2015

by Gwen Moritz, Arkansas Business  on Monday, Nov. 9, 2015 12:00 am

A.M. Best Co.’s succinct announcement that Arkansas Mutual Insurance Co. had achieved an A rating was the culmination of two years of work by the Arkansas-only medical malpractice carrier to get ahead of a changing market.

“This now solidifies Arkansas Mutual for decades to come,” President Corey Little said last week. “It’s not pride: It’s what happens in every state with a home-state mutual.”

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Arkansas Mutual Insurance Company Funds Annual Award At UAMS

Press Release April 1, 2014

An annual $10,000 award has been created by Arkansas Mutual Insurance Company and the University of Arkansas for Medical Sciences (UAMS) to be given to a third-year medical student with an interest in rural primary care.

The award, called the Arkansas Mutual Medical Student Award, will first be awarded this summer.

“Rural health care practice is the key to a stronger overall health care landscape in the state of Arkansas,” said G. Richard Smith, M.D., dean of the UAMS College of Medicine. “Helping medical students to take an interest in rural health care, and helping them understand the impact they can make by practicing in rural communities is a challenge we have to face for future generations. This award offers incentives and recognizes those students who have shown an understanding of the importance of rural healthcare issues.”

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AR Mutual Board Member Joins Trustees at ASU

Published Friday, January 31, 2014
Kenneth Heard
Arkansas Democrat-Gazette

JONESBORO — Gov. Mike Beebe appointed a Little Rock physician and former Arkansas State University quarterback to the ASU board of trustees on Thursday.

Timothy Langford (bio), 53, a 1983 ASU graduate, replaced Trustee Mike Gibson, whose term expired Jan. 14. Langford will serve a five-year term.

“We are ecstatic about the addition,” ASU System President Charles Welch said Thursday. “We couldn’t have found anyone with a better love of the university and a better love of higher education.”

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