West Virginia Mutual Insurance Company to become a subsidiary of MagMutual

MagMutual welcomed medical liability insurance provider West Virginia Mutual Insurance Company into the MagMutual Group of Companies.

West Virginia Mutual Insurance Company (WVMIC) and MagMutual have a history of working together in a joint venture to provide insurance solutions to hospitals and their employed medical professionals, and this acquisition strengthens that history as well as their shared mission and future endeavors. Combining forces will expand the possibilities for the two companies and advance the protections of healthcare professionals and the patients they serve.

“We are pleased West Virginia Mutual Insurance Company will be an even greater part of the MagMutual family. MagMutual’s four precepts align completely with WVMIC’s purpose and mission, which will allow both companies to better serve our policyholders.” – MagMutual Executive Chairman Joe Wilson, MD.

Based in Charleston, West Virginia Mutual Insurance Company will be the hub for MagMutual’s Mid-Eastern Region, providing added support to policyholders in West Virginia, Ohio and Kentucky. As a subsidiary, WVMIC will have the full financial support and backing of MagMutual, while continuing to write insurance coverage as WVMIC.

“This change will support both West Virginia Mutual Insurance Company and MagMutual in our goal to provide greater value to healthcare providers and the healthcare community, while strengthening what we can offer to our policyholders.” – Chairman and CEO of West Virginia Mutual Insurance Company, Austin Wallace, MD.