Constellation

Constellation

Medical professional liability insurance and partner companies.

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DateInvestorsAmountRound
-

N/A

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Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2022
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

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More about Constellation
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Constellation is a portfolio of medical professional liability (MPL) insurance and partner companies. The firm was formed as a mutual holding company by MMIC in 2013 to allow physician-owned medical liability companies to combine resources. A significant development occurred on October 1, 2023, when Constellation and Curi Holdings, Inc. completed a merger, with the combined entity operating under the Curi brand. The merged organization holds over $2 billion in assets and serves more than 50,000 physicians and healthcare providers across the United States.

The business model is centered on providing MPL insurance alongside risk mitigation resources and supportive claims management. Through its various member companies, including MMIC Insurance, Inc., UMIA Insurance, Inc., and Arkansas Mutual Insurance Company, it offers insurance coverage and services. Before the merger, Constellation grew by acquiring other entities, such as the Michigan Professional Insurance Exchange (MPIE) in 2022. The merger with Curi was a strategic move to create a national-scale organization capable of delivering a diversified range of products and services to the healthcare community. Following the merger, Jason Sandner of Curi serves as the CEO of the holding company, Curi Holdings, Inc., and Ryan Crawford, the former CEO of Constellation, became the CEO of the merged insurance business.

The company's services aim to support physicians and care teams by reducing risk. It provides policyholders with access to shared resources, expertise, and expanded service options, such as data warehousing and predictive analytics. The integration with Curi has expanded these offerings, combining risk management resources, educational materials, and client support programs like HEAL and Clinician Peer Support under a unified platform. The company holds an "A" (Excellent) financial strength rating from AM Best.

Keywords: medical professional liability insurance, MPL insurance, physician insurance, healthcare risk management, mutual insurance holding company, Curi, MMIC, UMIA, Arkansas Mutual, claims management, risk mitigation, defending good medicine, physician advocacy, healthcare provider support, clinical peer support, insurance services, healthcare finance, policyholder services, medical liability, practice management

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Investments by Constellation

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Curi
ACQUISITION by Constellation Nov 2023