Evergreen Re Press Releases & White Papers

Ron Taylor Named CEO and Profit Center Leader of Evergreen Re

STUART, FL - April 28, 2010 - Charles Crispin has announced that after 13 years of guiding the company’s growth, he will transition the CEO responsibilities to Ron Taylor. Mr. Taylor joined Evergreen Re as Senior Vice President in July 2008, when Evergreen Re acquired Taylor Benefits Services and NeonatalConsult.com, two companies founded by Mr. Taylor.

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Health Plans Need to Drive New Drug Pricing Method as Average Wholesale Price (AWP) Practices are Deflated
By Craig Stephens, RPh MBA, Senior Vice President & Practice Leader, Evergreen Rx

Average Wholesale Price (AWP), the industry standard for pricing prescription drug products, and one that currently drives the entire process of reimbursements between payers and pharmacies, will be deflated in September 2009 and is on a trajectory to be abolished all together in 2011. That is unless a legal injunction occurs -- a possibility since many entities including the National Association of Chain Drugstores (NACDS) and the Food Marketing Institute (FMI) are pursuing.

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Craig H. Stephens Joins Evergreen Rx
To Lead Growing Pharmacy Practice

STUART, FL - Charles Crispin, CEO of Evergreen Re, announced today Craig H. Stephens will join the firm as Senior Vice President in charge of strategic development and management of Evergreen Rx, the firms expanding pharmacy consulting division. Evergreen Re is a division of Brown & Brown, Inc. (NYSE:BRO).

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TAYLOR BENEFITS SERVICES JOINS EVERGREEN RE
Strengthening Capabilities in Management of Transplants and Neonatal Risk

STUART, FL - Jim W. Henderson, Vice Chairman and Chief Operating Officer of Brown & Brown, Inc. (NYSE:BRO), announced the asset acquisition of Taylor Benefits Services, Inc. (TBSI) and Neonatal Consultation Services, Inc. by Evergreen Re, a division of Brown & Brown, with headquarters in Stuart, FL.

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BROWN & BROWN, INC. ANNOUNCES THE ASSET ACQUISITION OF EVERGREEN RE INCORPORATED

Daytona Beach and Tampa, FL and Stuart, FL - Jim W. Henderson, Vice Chairman and Chief Operating Officer of Brown & Brown, Inc. (NYSE:BRO), and Charles C. Crispin, President and Chief Executive Officer of Evergreen Re Incorporated, of Stuart, Florida, today announced the asset acquisition by a subsidiary of Brown & Brown, Inc. of Evergreen Re Incorporated.

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Time Tested Quota Share Treaties Help Plans Meet or Improve Surplus Requirements

Rapidly growing health plans and insurers, including start up plans and plans with new product offerings or service area expansion are turning to quota share reinsurance to help spread the risk and meet or improve their surplus positions. This risk transfer insurance strategy not only provides much needed capital relief, it also comes with an army of actuaries and other experts working with plans they have partnered with to ensure their future success.

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Unprecedented Growth in Catastrophic Claims May Leave Health Plans Exposed

STUART, FL -- By 2010, the severity and frequency of catastrophic healthcare claims are expected to grow to unprecedented levels, according to a recent study commissioned by Evergreen Re, the nation’s largest health plan reinsurance broker.

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Evergreen Re Becomes Medicare Advantage Solutions Partner for MA Tool Kit

The Medicare Advantage Tool Kit, an interactive CD for Medicare Advantage plans presenting a collection of solutions by proven managed care industry leaders, now includes Evergreen Re as one of the new MA partners. The new MA Tool Kit Version 3 also includes MedAssurant, Halleland, Lewis & Johnson and The Medicare Rights Center among its new partners.

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Evergreen Re Names Curtis Beharry Vice President of Client Services

Stuart, FL - Evergreen Re, the largest HMO reinsurance broker in the country, announced today the appointment of insurance claims and administration veteran Curtis Beharry to Vice President of Client Services.

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Using Transplant Carve Outs to Make Self-Funded Benefit Costs Predictable
By Chuck Newton, Evergreen Re

Employee benefits are a hot-button issue. While most companies recognize the importance of benefits in recruiting and retaining the best employees, the hard-dollar costs are spiraling upward with no relief in sight. In an effort to exert some control over costs and plan design, many companies have turned to self-funding their benefits programs.

Self-funding is most effective for large companies. In a self-funded scenario, the employer becomes the primary risk-bearer and assumes what would typically be the insurance company's role. Instead of paying for a traditional group-health policy, the employer establishes cash reserves to cover the claims of its employees. While a company may save money by not paying premiums to the insurance company, one unpredictable, expensive event can dramatically impact the bottom line.

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