Excess Risk Underwriters and Innovative Outsourcing Announce Marketing Partnership

Excess Risk Underwriters Inc.(ERU) announced it has established a co-marketing agreement with Innovative Outsourcing, LLC (IO) that will allow both companies to market their products and services to each other's clients. The companies' reciprocal relationship will provide clients with streamlined operations of administrative tasks, such as excess loss insurance procurement, claims administration and regulatory reporting.

"We have worked together on several occasions and know each other's unique strengths," explains Mike Reid, ERU's chief marketing officer. "By creating this partnership, we can bring value-added services to health-care providers."

S. Stuart Spector, IO's chief marketing officer, says, "This partnership uniquely positions our organizations. Together we can provide expertise, sophisticated technology and an entire infrastructure—ultimately lending tremendous value to established and newly forming managed care companies."

Headquartered in Hunt Valley, MD, Innovative Outsourcing provides a turnkey infrastructure by offering scalable services such as claims processing, network development, credentialing, Internet/Intranet; HEDIS reporting, NCQA preparation, billing, eligibility and provider excess.

Excess Risk Underwriters, based in Coral Gables, FL, provides underwriting, claims, actuarial, administrative and marketing services to some of the nation's largest insurance carriers. The company's primary product lines are excess loss insurance marketed to health care providers, including hospitals and physicians groups, group life, disability and employee benefits products marketed through wholesale brokers to employers.