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Conventus Announces Formation of First Defense Panel.


Business Editors

WOODBRIDGE, NJ--(BUSINESS WIRE)--May 20, 2004

NIP (Novell Internet Printing) See NetWare 6.  Management Company, Attorney-in-Fact attorney-in-fact n. someone specifically named by another through a written "power of attorney" to act for that person in the conduct of the appointer's business.  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 gov·ern  
v. gov·erned, gov·ern·ing, gov·erns

v.tr.
1. To make and administer the public policy and affairs of; exercise sovereign authority in.

2.
 medical professional liability insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.
.

The Conventus Defense Panel is composed of nine well-respected New Jersey law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, each carefully selected after a thorough interviewing process. Firms were chosen based on their level of experience, proven willingness and ability to try and win cases, depth of resources, and commitment to providing exceptional service to Conventus' physician owners.

"Conventus is dedicated to providing our members the most aggressive, competent defense possible," said Barry Barron, President of NIP Management Company. "This first-rate defense team will allow us to do exactly that. We are very proud of these selections, and extremely pleased that such renowned and formidable firms have agreed to join the Conventus Defense Panel. We're sure our members will be, too."

The initial Conventus Defense Panel includes the following firms:

Parker, McCay & Criscuolo, P.A.;
Marshall, Dennehey, Warner, Coleman & Goggin;
Grossman, Kruttschnitt, Heavey & Jacob;
Buckley & Theroux, LLC;
Carton, Arvanitis, McGreevy, Argeris, Zager & Aikins, LLC;
Giblin and Combs, LLC;
Ruprecht, Hart & Weeks;
McDonough, Korn & Eichhorn;
Weiner Lesniak, LLP.


About Conventus Inter-Insurance Exchange

Conventus Inter-Insurance Exchange is a not-for-profit, non-assessable reciprocal Bilateral; two-sided; mutual; interchanged.

Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements.
 insurance exchange providing medical professional liability insurance in New Jersey. Conventus is the only company in the state that is both owned and governed by its members, but is managed by experts in the property and casualty insurance industry. The management team at NIP Management Company, the Exchange's Attorney-in-Fact, has extensive experience in medical professional liability insurance and in managing underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 results for companies like Conventus.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 20, 2004
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