ESIS Announces Acquisition of Majority Share of ProClaim America
Expands Offerings of Its Healthcare Professional Liability Claims Servicing Platform
PHILADELPHIA, September 28, 2010 – ESIS, Inc. (ESIS®), a risk management services company and member of the ACE Group, today announced that it has acquired a majority share of the stock of ProClaim America, a national professional liability services company that has been providing claims and risk management services to the healthcare industry for more than a decade. This move will enable ESIS to combine the resources of its existing Medical, Professional and Product Liability Claims Consulting Unit, with ProClaims’ specialized capabilities, to create a new business unit -- ESIS ProClaimSM. In addition, Sam Terzich has been appointed as President of this new unit.
ESIS ProClaim will provide a comprehensive suite of claims and consulting services offered to healthcare providers, professionals, manufacturers and their insurers. In addition, ESIS ProClaim will continue to help clients successfully manage their healthcare professional liability exposures with an expanded range of services including claim handling for professional liability exposures for medical malpractice, senior care liability, and lawyers’ liability, along with employment practices, directors and officers and product liability.
“The stakes are high when it comes to professional liability claims,” said David Patterson, President, ESIS, Inc. “In addition to the potential for serious financial impact, professional liability claims can negatively impact reputations and professional standing. Sam’s proven success and experience in providing specialty claims and consulting makes him well suited to lead the formation of this new unit focusing exclusively on this unique claims discipline.”
Commented Mr. Terzich, “We look forward to working with ProClaim’s employees and customers to make the transition as smooth as possible, and continue to offer the high level of personalized, professional service they are accustomed to.”
With more than 27 years of extensive insurance and claims industry experience, Mr. Terzich joined ESIS in 2008, as Senior Vice President, to lead the ESIS Medical, Professional and Product Liability Claims Consulting Unit. He joined ESIS from Intercare Holdings Insurance Services, Inc., where he held the position of Executive Vice President, Liability Claims, responsible for the overall operation of the Liability Division with specific emphasis on healthcare professional liability, Errors & Omissions programs, product liability and general liability.
Organized in 1953, ESIS, Inc. (ESIS) provides customized risk management services. ESIS is part of ACE USA, the U.S.-based retail operating division of the ACE Group , headed by ACE Limited (NYSE: ACE). ACE USA is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information about ACE USA and its products and services can be found at www.aceusa.com. Additional information about ESIS, Inc. and its products and services can be found at www.esis.com. Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at www.acegroup.com.