Stay up to date about Coronavirus (COVID-19)  Click Here for the situation summary

WellAway takes the hassle out of healthcare for global citizens.

WellAway family of companies

header

Insurance

header

MGU

header

Third Party Administration

header

Provider Network

Why WellAway

We know that healthcare systems vary throughout the world.

We are your advocates in accessing the treatment you need from facilities and providers with the best outcomes, quality and cost, wherever you are, 24/7/365. We know you by name and we personalize our service to your needs and language preferences so that you can feel comfortable anywhere in the world.

Dr. Griselle Chernys
Founder & CEO

About WellAway

header

Reinsured by an A.M. Best; A+ Rated company

header

92% Retention Rate

header

35% Year-over-year growth in
gross premium

header

Compliant with all Bermuda solvency and liquidity ratios

header

Presence in U.S., Bermuda, Europe, Latin America and Asia

Worldwide insurance and service solutions

WellAway Limited is the exclusive distributor of the insurance products developed by WellAway insurance (SA). WellAway Limited is also a Lloyd’s of London Coverholder, insurance agency (MGA) and underwriter (MGU).  WellAway is domiciled in Bermuda, one of the world’s most regulated jurisdictions, which has gained Solvency II equivalency and enjoys white-list status from the European Union and Economic and Financial Affairs Council.

WellAway is able to provide its clients with other product solutions beyond health insurance. We can offer life P&C and liability coverage, for individuals, students, businesses and their employees.

Our Bermuda domicile offers a number of market and regulatory assurances, including the following:

Bermuda complies with British Common Law and the National Association of Insurance Commissioners’ (NAIC) financial standards accreditation requirements, which determine and govern best practices for US insurers

Bermuda has achieved Solvency II recognition by the U.E. capital and regulatory regime for insurance and reinsurance

Bermuda has been awarded an “AA” rating by Standard & Poor’s

Bermuda’s capital requirements for insurance companies are one of the strictest in the world

Bermuda is the number one jurisdiction; it has the most insurance and reinsurance companies in the world, with more than 1,500 licensed entities


Reinsurance:
Arch Re

WellAway Limited is reinsured by Arch Re. Arch Capital Group Ltd., a Bermuda-based company with approximately $13.10 billion in capital on March 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Source: Arch Consolidated Corporate Overview; March 31, 2020. 

Leader in delivering innovative specialty insurance solutions.

Conservative loss reserves backed by high-quality assets.

Committed to disciplined risk management.

Arch has earned financial ratings of A + from A.M. Best, A+ (Strong) from Standard & Poor’s and A+ from Fitch

Arch reports total net reserves of $9.12B

Our services and products are made available and supported by the work of our globally recognized partners.

header

Arch Re

www.ArchRe.com

Arch Re is a leading diversified reinsurer, with operations in most major global insurance centers.

header

R&Q Investment Holdings

www.rqih.com

The global program underwriting management and legacy acquisitions specialist. R&Q Investment Holdings Ltd., headquartered in Bermuda, is a leading provider of finality solutions for run-off portfolios and global program capacity for MGAs and their reinsurers.

header

LLoyd's

www.Lloyds.com

Insurance and reinsurance market located in London, United Kingdom.

Senior Management Team


header

Dr. Griselle Chernys

FOUNDER & CEO

With over three decades of experience and impeccable reputation in an extensive variety of fields, Griselle Chernys, PhD, stands out as one of the exemplary entrepreneurs of our day in the healthcare industry. Her dedication in fields, such as hospital administration, claims administration, physician practice management and administration of international private medical insurance has earned her recognition from the last three U.S. presidential administrations for her contributions in healthcare policy and delivery.

header

Philip E. Namiech

General Manager

Mr. Namiech oversees the development of strategic partnerships for the worldwide distribution of WellAway’s international health solutions for individuals, families, groups and companies. Holding a graduate degree in Business Administration from McGill University and having lived as an expatriate in four continents, he brings decades of experience as an entrepreneur and executive in multi-national companies.


header

Laudelina Castro-Morales

VP of Product & Underwriting

Mrs. Castro-Morales joined the WellAway Limited team with over three decades of experience in the international healthcare industry having previously worked with some major American health insurers. With an array of abilities and strengths, extensive knowledge and expatriate experience, she proves to be an indispensable asset to the company. Her collaboration with the company led to recognition by the Centers for Medicare and Medicaid Services, acknowledging contribution and adherence to the Minimum Essential Coverage (MEC) policies.

header

Alberto M. Darsa

CFO

Alberto M. Darsa brings more than 20 years of financial and accounting experience, most of it in medical and health care related fields domestic and abroad. Alberto earned his Master of Business Administration degree in Accounting/Human Resources from DeVry University in Chicago, he is an expert in financial management and reporting, cost accounting, financial modeling and forecasting, strategic planning and cash management. Alberto belongs to numerous associations such as The Association for Accountants and Financial Professionals in Business (IMA) and The Association of International Certified Professional Accountants (AICPA). He is IFRS certified by the AICPA and is a Chartered Accountant.

Corporate Inquiries

Victoria Place 
31 Victoria Street
5th Floor 
Hamilton HM 10 
Bermuda

+1 (441) 296-0651

Global coverage illustration

Download our Corporate Brochure

Here

arrow

Download our Corporate Brochure

Here

arrow

Download our Corporate Brochure

Have questions about our plans?

We’re here to help