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   Press Releases

 
 

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 ScreenTM.  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 ANNOUNCES SIGNING OF 1000th ACTIVE MEMBER

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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CONVENTUS ANNOUNCES NEW UNDERWRITING MANAGER

(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

(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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SATISFACTION SURVEY SHOWS MEMBERS EXTREMELY POSITIVE

( Woodbridge, N.J.) September 1, 2006 – The results are in on Conventus Inter-Insurance Exchange's first ever Member Satisfaction Survey.  The survey was sent as part of the regular quarterly member newsletter mailing to Conventus member-owners at the end of May.  A follow-up fax reminder was sent in July to members for whom Conventus had a fax number, asking them to submit their responses if they hadn’t already.  When all the responses were tallied, the results showed that members are overwhelmingly positive about Conventus.  
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CONVENTUS ANNOUNCES STRONG FIRST HALF RESULTS

( Woodbridge, N.J.) July 15, 2006 – Conventus Inter-Insurance Exchange, is pleased to announce strong first half results for 2006, continuing a trend of steady growth and increased financial stability for the Exchange.  Conventus is the only medical professional liability insurance company in New Jersey that is both 100% owned and governed by its physician members.  
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CONVENTUS HOLDS THIRD ANNUAL MEMBER MEETING

( Woodbridge, N.J.) May 3, 2006 – Conventus Inter-Insurance Exchange held its Annual Members Meeting on May 3, 2006 in Woodbridge, NJ.  
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CONVENTUS ANNOUNCES NEW PRESIDENT

( Woodbridge, N.J.) July 28, 2005 – NIP Management Company, Attorney-In-Fact for Conventus Inter-Insurance Exchange, is pleased to announce that John R. Karlen, CPCU, ARe, APA, has joined the Conventus management team as President. With over 30 years of property and casualty insurance experience, Mr. Karlen is a seasoned executive with a broad range of managerial and technical talents. Conventus is the only medical professional liability insurer in New Jersey that is both owned and governed by physicians.
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CONVENTUS ENDORSES WEB-BASED RISK MANAGEMENT AND PATIENT SATISFACTION TOOL

( Woodbridge, N.J.) June 30, 2005–Conventus Inter-Insurance Exchange is pleased to announce that it has formed a strategic partnership with Rightfield Solutions, the producers of Emmi ™. Emmi is Expectation Management and Medical Information, a web-based risk reduction and patient expectation management tool that combines clinical and legal best practices with engaging and easy-to-understand patient education programs. Under terms of the agreement, Conventus policyholders will be able to obtain Emmi at a discount.
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CONVENTUS ANNOUNCES FORMATION OF FIRST DEFENSE PANEL

(Woodbridge, NJ) May 20th, 2004 NIP Management Company, Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce the formation of the exchange's initial Defense Panel. Conventus is New Jersey's only 100% physician owned and governed medical professional liability insurer.
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CONVENTUS APPOINTS NEW DIRECTOR OF RISK MANAGEMENT

(Woodbridge, NJ) April 29th, 2004 — NIP Management Company, Attorney-in-Fact for Conventus Inter-Insurance Exchange, is pleased to announce that Susan Lieberman, MBA, CHRM, has joined the Conventus management team as Assistant Vice President and Director of Risk Management. Ms. Lieberman has 26 years of healthcare experience, with specific expertise in risk management, patient safety and quality improvement. Conventus is the only medical professional liability insurer in New Jersey that is both owned and governed by physicians.
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CONVENTUS HOLDS FIRST ANNUAL MEMBER MEETING  

(Woodbridge, NJ)— April 22nd, 2004Conventus Inter-Insurance Exchange conducted its first annual member meeting April 15th, electing five new members to the Exchange’s Board of Governors. Conventus is New Jersey ’s only physician owned and governed medical professional liability insurance company. A meeting of the newly-expanded Board of Governors followed immediately after the member meeting.
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CONVENTUS CHAIRMAN TESTIFIES IN TRENTON

(Woodbridge, NJ)—March 29th, 2003— Dr. Albert A. Talone, Chairman of the Board of Governors for Conventus Inter-Insurance Exchange testified before the New Jersey State Assembly & Senate, sharing his thoughts on the state of tort reform in New Jersey and on bill A50, the "New Jersey Medical Care Access and Responsibility and Patients First Act." The legislation proposes various tort liability reforms, health care system reforms and professional liability insurance reforms, all designed to ease the financial pressure New Jersey physicians are facing.
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DISTINGUISHED HEALTHCARE LEADERS APPOINTED TO CONVENTUS BOARD OF GOVERNORS HOLDS QUARTERLY MEETING; ORGANIZES COMMITTEES

(Woodbridge, NJ)—November 21st , 2003— Conventus Inter-Insurance Exchange, New Jersey’s only physician owned and governed medical professional liability insurance reciprocal, held its quarterly Board of Governors meeting.
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DISTINGUISHED HEALTHCARE LEADERS APPOINTED TO CONVENTUS BOARD OF GOVERNORS

(Woodbridge, NJ)—June 30th, 2003— Conventus Inter-Insurance Exchange, New Jersey’s only physician owned and governed medical malpractice insurance reciprocal, today announced that the five founding members of its Board of Governors have been chosen. 
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NATIONAL INSURANCE PROGRAMS APPOINTS TWO SENIOR EXECUTIVES TO MANAGE CONVENTUS’ GROWTH

(Woodbridge, NJ)--June 12th 2003-- National Insurance Programs (NIP), organizer and parent of the Attorney-In-Fact for the Conventus Inter-Insurance Exchange, has appointed Barry M. Barron, CPCU, division President and Lyn W. Winters, CPCU, Vice President/Chief Underwriting Officer.
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CONVENTUS INTER-INSURANCE EXCHANGE WINS REGULATORY APPROVAL TO UNDERWRITE MEDICAL MALPRACTICE INSURANCE IN NEW JERSEY

Physicians Across NJ Unite to Solve a Crisis by Launching a Physician Owned, Physician Governed Medical Malpractice Insurance Company

(Woodbridge, NJ)--December 6th, 2002 -- Conventus Inter Insurance Exchange, a physician owned and governed medical malpractice insurance company, today announced that it has received a Certificate of Authority from the New Jersey Department of Banking and Insurance to begin underwriting medical malpractice insurance in New Jersey. The company will immediately commence operations and has opened a new membership offering. It is accepting new applications from New Jersey physicians now through January 31st, 2003.
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CONVENTUS INTER-INSURANCE EXCHANGE SURPASSES MEMBERSHIP AND CAPITALIZATION GOALS

With Critical Business Development Goals Met, Company Opens New Offering to Bring Desperately Needed Medical Malpractice Insurance to More New Jersey Physicians

(Woodbridge, NJ)--November 25th, 2002 - Conventus Inter-Insurance Exchange, a not-for-profit, physician owned and governed medical malpractice insurance company, today announced that it has met and exceeded its initial membership and capitalization goals. As of November 15th, 2002, the company has raised over $5 million in cash and capital commitments, enabling it to begin underwriting medical malpractice insurance in New Jersey pending final approval by New Jersey state regulators. With its initial development goals met, Conventus has opened a new membership offering. It is accepting new applications from New Jersey physicians now through January 31st, 2003.
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N.J. DEPARTMENT OF BANKING AND INSURANCE APPROVES PHYSICIANS’ PLAN TO FORM THEIR OWN MEDICAL PROFESSIONAL LIABILITY INSURANCE COMPANY

(Woodbridge, NJ)--September 9th , 2002--The New Jersey Department of Banking and Insurance has approved the Conventus Inter-Insurance Exchange plan to form a physician owned and governed medical professional liability insurance company, and granted permission for it to solicit applications and capital for its formation.
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