Press Releases

Conventus Inter Sponsors Free Webinar on Obstetrical Simulation to Improve Quality and Reduce Risk
(Woodbridge, NJ) January 16, 2012 – Conventus Inter-Insurance Exchange is proud to sponsor a free webinar: “Using Obstetrical Simulation to Improve Quality and Reduce Risk,” on Wednesday, January 18, 2012 (12 p.m. – 1 p.m. EST). To register, click the following link prior to the January 18 presentation: https://www2.gotomeeting.com/register/610116434.
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Conventus Declares Nearly $3 Million Record Return of Cash Dividends,
Returns of Surplus Contributions to Qualified Policyholders
(Woodbridge, NJ) October 27, 2011 –  Conventus Inter-Insurance Exchange, New Jersey’s only physician-owned and governed medical professional liability insurance company, is proud to announce a record return of nearly $3 million to qualified members, in a combination of cash dividends and/or returns of surplus contributions. This is Conventus’ second consecutive year of returns to members through the Conventus Owners Benefit Program (COBP), as part of its long-term objective to reward members each year by returning to them as much as 75 percent of its profits. Returns under the COBP are subject to the prior written approval of the New Jersey Department of Banking and Insurance.
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What to Consider Before Selling or Merging Your Practice -- A Conventus Advisory
(Woodbridge, NJ) October 13, 2011 –  Conventus Inter-Insurance Exchange is pleased to make available an important advisory that can save physicians time, money and frustration amidst the ever-changing healthcare environment.
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Demotech Affirms the Financial Stability Rating® of A' (A Prime), Unsurpassed, Assigned to Conventus Inter-Insurance Exchange
(Columbus, OH) September 19, 2011 –  Demotech, Inc. has affirmed the Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed, assigned to Conventus Inter-Insurance Exchange. This level of FSR is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
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Conventus Reports Solid 2010 Financial Results and Continued Growth at Annual Meeting
(Woodbridge, NJ) May 13, 2011 – Conventus Inter-Insurance Exchange held its ninth Annual Member Meeting, open to all Conventus members, on May 11, 2011 in Woodbridge, New Jersey. Once again, the management team was able to report very positive results for the previous year, with Conventus' conservative, fiscally-responsible approach leading to the company closing 2010 with a total surplus of $32.9 million, up from $28.2 million in 2009.
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Conventus Inter-Insurance Exchange Announces Results of 2010 Member Survey
(Woodbridge, NJ) April 27th, 2011 – Conventus Inter-Insurance Exchange is proud to announce the results of its 2010 Member Survey, including an outstanding overall satisfaction rating of 95%.  According to respondents, Conventus members are very positive about the direction of the Exchange and would recommend membership to fellow physicians.
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Conventus Inter-Insurance Exchange Appoints Linda Encinas to Vice President, Underwriting
(Woodbridge, NJ) April 7th, 2011 – Conventus Inter-Insurance Exchange is pleased to announce the appointment of Linda Encinas, MBA, to the position of Vice President, Underwriting, responsible for all underwriting operations.
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Dr. Albert Talone, Chairperson of the Conventus Board of Governors, Honored by the Lourdes Health Foundation with "Healing Spirit" Award
(Woodbridge, NJ) March 31, 2011 – Conventus Inter-Insurance Exchange is proud to congratulate Dr. Albert Talone, F.A.C.O.F.P., F.C.P.P. , Chairperson of the Conventus Board of Governors, on being honored with the prestigious "Healing Spirit" award from the Lourdes Health Foundation.
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Conventus Partners with Advanced Practice Strategies (APS)
(Woodbridge, NJ) September 8, 2010 – Conventus Inter-Insurance Exchange and Advanced Practice Strategies (APS), a leading provider of online education solutions for patient safety, have announced a patient safety partnership to provide free CME online course offerings to Conventus member-owners. The primary threats to patient safety today not only consist of clinical negligence, but also factors such as poor communication, inadequate disclosure, error-prone systems, and inflexible staff hierarchies.
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Conventus Inter-Insurance Exchange Announces Promotion of Lyn Winters to President and Chief Underwriting Officer
(Woodbridge, NJ) August 31, 2010 – Richard Augustyn, CEO of NIP Management Corp., Attorney-in-Fact for Conventus Inter-Insurance Exchange, announced today the promotion of Lyn W. Winters, to President and Chief Underwriting Officer, effective immediately.
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A Healthy Practice is a Healthy Business: Conventus Partners with Healthcare Quality Strategies (HQSI) for EHR Services
(Woodbridge, NJ) August 23, 2010 – Conventus Inter-Insurance Exchange is happy to announce its partnership with Healthcare Quality Strategies, Inc., HQSI. Through this joint venture, Conventus is proud to bring yet another member-value benefit program by linking our member-owners to a trusted source for information, guidance, and technical assistance with the adoption and implementation of electronic health record (EHR) systems.
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Conventus Inter-Insurance Exchange Earns Financial Stability Rating® of A' (A Prime), Unsurpassed, from Demotech, Inc.
(Columbus, OH) August 6, 2010 –  Conventus Inter-Insurance Exchange has again earned a Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed, from Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.
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Conventus Partners with the Saint Barnabas Medical Center Foundation in Establishing Medical Simulation Training Center
(Woodbridge, NJ) July 21, 2010 –  Conventus Inter-Insurance Exchange is proud to announce its donation of $25,000 to support the Saint Barnabas Medical Center Foundation’s development of a Regional Perinatal Simulation Center to provide the latest medical training technology to the East Coast.
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Conventus Releases Results of 2009 Member Survey
(Woodbridge, NJ) December 8, 2009 –  Conventus Inter-Insurance Exchange has released the results of its 2009 Member Survey, and with those results a 94% satisfaction rating.  Conventus members overwhelmingly approve of the direction of the Exchange and would recommend membership to fellow physicians.
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Conventus Reports Mid-Year Update to its Board of Governors
(Woodbridge, NJ) August 10, 2009 – The management of  Conventus Inter-Insurance Exchange reported mid-year updates at its quarterly Board of Governors meeting held on August 5, 2009 in Woodbridge, New Jersey. As of Q2 2009, Conventus' total assets stood at $79.0 million, with a total surplus of $25.1 million. Generally accepted in the insurance industry as strong indicators of financial stability, the company's Net Written Premium to Surplus ratio remains among the best in the state at .68 to 1 (projected year-end 2009).
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Conventus Announces Solid Financials, Stable Growth at Annual Meeting
(Woodbridge, NJ) May 20, 2009 – Despite a very difficult economy and an extremely competitive insurance marketplace, Conventus Inter-Insurance Exchange's management team delivered positive results at the sixth Annual Members Meeting, held on May 6, 2009 in Woodbridge, New Jersey. The Conventus Board of Governors and Conventus members in attendance heard the company's management team report on Conventus' consistent growth and financial stability, both positioning the company well for long-term success and support of its members.
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Conventus Holds First Practice Management Advisory Committee Meeting
(Woodbridge, NJ) December 8, 2008 – To further meet the needs of its member-owners and their practices, Conventus has announced the formation of a Practice Management Advisory Committee.  Consisting of office and practice managers from Conventus-member practices around the state, the Practice Management Advisory Committee was created to foster the sharing of ideas and information between practices and Conventus to continually improve how we serve our members.
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Conventus Announces Continued Growth, Solid Financials at Annual Meeting
(Woodbridge, NJ) May 22, 2008 – The management of Conventus Inter-Insurance Exchange delivered good news at its fifth Annual Members Meeting, held on May 7, 2008 in Woodbridge, New Jersey.  Conventus members in attendance heard the company’s management team present an encouraging report on Conventus’ continued growth, strong financial footing and excellent outlook for the future.  There were also updates on the company’s continuing sales, marketing and risk management efforts.
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Archived Press Releases -  Prior to 2008