Press Releases


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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Conventus, LMS Enter License Agreement for CALM Shoulder Screen™
(Woodbridge, NJ) November 7, 2007 — Conventus Inter-Insurance Exchange is pleased to announce that it has entered into an agreement with LMS Medical Systems, a healthcare technology company and developer of the CALM® clinical information system and risk management software for obstetrics, to license CALM Shoulder Screen^TM.  CALM Shoulder Screen is a program to assess the risk of shoulder dystocia, an obstetrical complication that occurs in thousands of deliveries in the US each year, often causing significant injury to the newborn.
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Conventus, A Physician-Owned Professional Liability Insurer, Announces the Signing of its 1000th Active Member- Milestone Shows Rapid Growth, Stability of this Unique Not-For-Profit Insurer
(Woodbridge, NJ) October 25, 2007 – Conventus Inter-Insurance Exchange, a not-for-profit medical professional liability insurance company that is owned and governed by member physicians, just announced the signing of its 1,000th active member.
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New Underwriting Manager for Conventus
(Woodbridge, NJ) May 2, 2007 – NIP Management Co., LLC, the Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce that Eileen Thornton has joined the Conventus management team as Underwriting Manager. Conventus is the only 100% physician owned and 100% physician governed company offering medical professional liability insurance coverage for New Jersey physicians.
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Conventus Announces New Senior Risk Management Consultant
(Woodbridge, NJ) March 13, 2007 – NIP Management Co., LLC, the Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce that M. Patricia McBride has joined the Conventus management team as Senior Risk Management Consultant. Conventus is the only 100% physician owned and 100% physician governed company offering medical professional liability insurance coverage for New Jersey physicians.
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Conventus Announces Non-Standard Program; New Facility Affiliated with NAS Insurance Services
(Woodbridge, NJ) February 7, 2007 – NIP Management Co., LLC, the Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce the development and sponsorship of a new program in affiliation with NAS Insurance Services for the placement of non-standard coverage through an Excess and Surplus Lines facility (E&S). The purpose of this new program is to provide a transitional market for physicians who currently do not meet Conventus’ demanding underwriting guidelines, but demonstrate the potential for meeting those guidelines within a two to three year period. Conventus is the only 100% physician owned and 100% physician governed company offering medical professional liability insurance coverage for New Jersey physicians.
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Archived Press Releases -  Prior to 2007