Evergreen Pacific Reinsurance Company Is First to Market With Coverage for Cannabinoid Therapeutics in Healthcare Insurance

CAYMAN ISLANDS, September 10, 2018 /PRNewswire/ --

Evergreen Pacific Reinsurance Company Limited ("Evergreen Pacific") announces it is now providing reinsurance coverage for medically prescribed cannabinoid therapeutic treatments to be covered by healthcare insurance plans.

Evergreen Pacific is welcoming insurance company enquiries regarding its new turnkey health insurance rider to cover medical cannabis costs, to be deployed inside health insurance plans.

Cannabinoid therapeutics is an emerging insurance segment, with rapidly evolving regulatory and legal frameworks across multiple global jurisdictions. In response to market demands, insurers in these jurisdictions are looking for solutions to add coverage to healthcare insurance plans, while managing the high up-front costs typically associated with cannabinoid therapeutic treatments.

Paul Laverty, President of Evergreen Pacific, commented, "We are excited to be the first to offer insurers an innovative turnkey solution providing employers with greater flexibility and cost containment, while also supporting better medical outcomes for employees." 

He added, "Evergreen Pacific's fully integrated solution combines multi-disciplinary medical services, education and training, and a first-of-its-kind e-commerce marketplace for health and wellness products and services. We are also looking to expand our solution to provide integrated claims management of pre-authorized prescription drugs including accounting, workflow, pre-authorization process, treatment protocols and patient case management. This integrated approach will result in better pricing and outcomes for patients."  

About Evergreen Pacific Reinsurance Company Limited 

Evergreen Pacific Reinsurance Company is a Cayman Islands licensed reinsurance company providing highly innovative products and services to global insurance companies. 

The information contained in this news release is provided for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Evergreen Pacific Reinsurance Company Limited or other related entities. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this news release are provided for information purposes only. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this news release. Except for statements of historical fact, this news release may contain certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. This news release does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person as defined in Regulation S under the United States Securities Act of 1933 (as amended the "Securities Act"), or in any other jurisdiction in which such an offer would be illegal. Evergreen's shares have not been and will not be registered under the Securities Act. 

Lesley Thompson, Evergreen Pacific Reinsurance Company, C/o Maples Fiduciary Services, +1-345-814-5814, Lesley.thompson@maplesfs.com