Conventus announces its seventh consecutive year of distributing dividends and capital returns through the Conventus Owner Benefit Plan (COBP).
Woodbridge, NJ – October 18, 2016 –
Conventus Inter-Insurance Exchange, New Jersey’s premier professional liability insurer formed by and governed through an alliance of independent physicians, is pleased to announce its seventh consecutive year of distributing dividends and capital returns through the Conventus Owner Benefit Plan (COBP). Since 2009, Conventus has distributed $11,326,290 in total to qualified physician members and/or their representatives.
COBP entitles qualified members to share in Conventus company profits each year filed thresholds are exceeded with no objections from New Jersey Department of Banking and Insurance. The program was created to reward members for their loyalty and financial commitment.
“We are immensely proud of this accomplishment. Our ability to distribute dividends and capital returns for the seventh year in a row reflects the solid financial management that our members deserve. Conventus is committed to creating value for members year after year. Our governance of NJ practicing physicians insists upon it!” says Lyn Winters, President of Conventus.
Conventus upholds its promise to distribute dividends and capital returns through three key initiatives: pricing insurance conservatively, skillfully managing the risks of members, and aggressively defending their interests through personal claims service.
Thirteen years ago when Conventus was formed to address a medical professional liability insurance crisis in New Jersey, the focus was solely on helping physicians succeed – and that fundamental concept has only grown stronger over the years.
About Conventus Inter-Insurance Exchange
As New Jersey’s premier professional liability insurer formed by and governed through an alliance of physicians, Conventus is devoted to serving the best interests of independent physician practices.
Conventus members and their staff enjoy exclusive access to insurance products and highly personalized services, gaining the practical knowledge and expert resources they need to improve practice performance, better serve their patients, and remain independent. The Conventus team prides itself on being forward lookers and solution partners whose sole purpose is to help independent physician practices thrive in today’s rapidly changing healthcare environment. Learn more at www.conventusnj.com
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