MagMutual has acquired Tift Area Captive Insurance Company, which was previously owned by a group of Georgia-based physicians.
The transaction will allow physician policyholders to benefit from unrivalled claims defence, patient safety resources, and dividends and owners circle benefits.
Neil Morrell, president of MagMutual, commented: “We are very excited to welcome this group of Georgia-based physicians into the MagMutual family.”
“In our view, Tift Area Captive and MagMutual’s missions are similar, we are both deeply committed to supporting our policyholders and empowering them to continue focusing on providing care.”
The proposed transaction received final regulatory approval by the Tennessee Department of Commerce and Insurance in November.
