American Excess Insurance Exchange Achieves 100 Percent Renewal Retention for Hospital Members for the Fifth Year in a Row

The American Excess Insurance Exchange, RRG (AEIX), has achieved 100 percent renewal retention for the fifth year in a row (see also Premier).

Managed by Premier Insurance Management Services Inc. (PIMS), AEIX provides excess professional and general liability insurance to not-for-profit hospitals and health systems, including those in the Premier healthcare alliance.

"In today's challenging insurance market, Premier is quite proud of this accomplishment. It demonstrates how value-added services can differentiate successful insurers. Our risk management and quality improvement collaboratives in perinatal and emergency department safety are multi-year programs designed with high performing healthcare organizations in mind," said Chris Brucciani, vice president of PIMS' Underwriting.

Continued Brucciani, "With the industry moving towards value-based purchasing, risk management and quality improvement, these programs help push our members to lead the industry. Another highly valued benefit is our annual benchmarking study, which provides members with objective outcome data they can compare to other hospitals. These services, as well as our excellent claims services, provide tangible value to AEIX hospitals that is not available in the commercial marketplace."

For more than 20 years, AEIX has helped healthcare systems reduce the long-term cost and volatility of excess liability insurance, while ensuring availability and access to coverage. About AEIX AEIX provides excess professional and general liability insurance to not-for-profit hospitals and health systems. To qualify for participation in AEIX, an organization must maintain a minimum self-insured retention of $2 million and AEIX can provide up to $40 million in additional limits. AEIX is organized as a Vermont-licensed reciprocal risk retention group, an insurance company authorized under federal legislation for the purpose of providing liability lines of insurance to its members. About Premier Insurance Management Services Inc. Incorporated in 1987, PIMS is an Illinois for-profit corporation wholly owned by the Premier healthcare alliance. PIMS provides contracted management services for AEIX, and is attorney-in-fact for Premier Insurance Exchange, Risk Retention Group (PRx). PIMS also serves as program manager offering enhanced sponsored programs with leading commercial insurers through a comprehensive portfolio of property, casualty and employee benefit products. Other services include providing claims and risk management assessments and education offerings regarding medical professional liability for hospitals and their physicians. For more information, visit http://www.premierinc.com/risk/tools-services/pims/index.jsp. About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient Premier is a performance improvement alliance of more than 2,400 U.S. hospitals and nearly 70,000 other healthcare sites working together to achieve high quality, cost-effective care. Owned by not-for-profit hospitals, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier works with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has offices in San Diego, Philadelphia and Washington. www.premierinc.com