NJ PURE forges reinsurance partnership with Gen Re

NJ PURE, a medical malpractice insurer in New Jersey, has formed a partnership reinsurance contract with General Reinsurance Corporation (Gen Re).

NJ PURE said this comprehensive reinsurance agreement will strengthen its position in the industry and support its rapid growth for years to come. It added that the primary driver behind the agreement was the NJ PURE management team's long history of successful insurance operations in New Jersey, along with NJ PURE's reputation as a physician advocate and its record of fighting aggressively against frivolous medical malpractice lawsuits.

"All of our policyholders may now take added comfort in knowing that NJ PURE has the financial support of Gen Re and the billions of dollars in assets behind it," said Eric Poe, a principal of NJ PURE's management company and chief litigation officer of NJ PURE.

"By backing NJ PURE up to 70 percent of our future exposures up to our policy limits, we believe Gen Re's commitment to us is a testament to our long-term business model and its viability into the future."