Managed care organizations (MCOs) face growing cyber threats due to the sensitive data they handle. MSI, a leading independent managing general agency, has introduced MSI Cyber for Managed Care Organizations, a specialized insurance program designed to address these risks. This initiative provides up to $25 million in primary and excess coverage, targeting the unique challenges of health insurers.
MSI launches MSI Cyber for Managed Care Organizations with up to $25M in coverage.
Tailored for health insurers to address complex cyber risks.
Includes privacy, cyber liability, and professional liability coverage.
Offers access to expert risk management and breach response services.
Led by experienced underwriters Tim LeMarbre and Tammy Kocher.
Part of MSI’s expanding suite of specialized insurance solutions.
MSI Cyber for Managed Care Organizations delivers robust protection with limits up to $25 million for primary and excess placements. The program covers privacy and cyber liability, technology errors and omissions, and miscellaneous professional liability. This comprehensive approach ensures MCOs are equipped to handle the multifaceted risks associated with sensitive data management in the healthcare sector.
Managed care organizations have historically been underserved in the cyber insurance market due to their complex risk profiles. MSI’s program fills this gap by offering dedicated capacity and tailored solutions. “Our new cyber program for managed care organizations reflects our ongoing mission to bring forward-thinking solutions to underserved sectors,” said Rajiv Matta, Chief Innovation Officer of MGA Programs at MSI. This initiative underscores MSI’s commitment to addressing unmet market needs with innovative insurance products.
The program is spearheaded by Tim LeMarbre, Senior Vice President, Cyber Product Leader, and Tammy Kocher, Vice President, Head of Cyber Underwriting, who bring 40 years of combined underwriting expertise. “MSI Cyber for Managed Care Organizations was developed with a deep understanding of the evolving threats and challenges that managed care organizations face,” LeMarbre said. The program also provides access to a breach response panel, including forensic analysts, privacy counsel, and breach coaches, ensuring MCOs receive top-tier support during cyber incidents.
This launch aligns with MSI’s goal of expanding its portfolio of over 20 products across personal, commercial, and professional lines. As a Lloyd’s approved coverholder, MSI leverages its underwriting authority to deliver flexible, high-capacity solutions. MSI Cyber for Managed Care Organizations is the first of several planned cyber programs, signaling MSI’s focus on addressing evolving cyber risks across industries.
MSI’s introduction of this cyber insurance program marks a significant step in protecting managed care organizations from escalating cyber threats. By combining specialized underwriting, robust coverage, and expert risk management, MSI is positioned to meet the growing needs of health insurers in a dynamic risk landscape.
MSI, the brand name for Millennial Specialty Insurance, LLC, is one of the largest independent managing general agencies (MGAs) in the United States and an indirect subsidiary of The Baldwin Insurance Group, Inc. (“Baldwin”) (NASDAQ: BWIN). Offering more than 20 insurance products and solutions across personal, commercial, and professional lines, MSI thrives on solving challenges, delivering responsive service, and providing an easy insurance experience to its distribution partners and more than 1.5 million customers. Combining deep underwriting expertise with (re)insurer risk capacity, MSI creates specialized insurance solutions that empower our distribution partners to meet customers’ unique needs. MSI is committed to delivering exceptional service and rapid resolutions to customers throughout the policy lifecycle and to building insurance better. Founded in 2015, MSI joined The Baldwin Group in 2019.
The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than three million clients across the United States and internationally.
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