Conventus Appoints New Director of Risk Management.

Business Editors/Health/Medical Writers

WOODBRIDGE, N.J.--(BUSINESS WIRE)--April 29, 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.

"We are thrilled to have someone of Susan Lieberman's caliber joining the Conventus management team," said Barry Barron, President of NIP Management Company. "Her expertise will be invaluable in strengthening the quality of the services we can provide to our membership as well as supporting our interdisciplinary approach to business."

Ms. Lieberman comes to NIP and Conventus from AIG Consultants, Inc., where she served as the national patient safety resource specialist. Before that she was the National Physician Practice Leader for Zurich North America, where she developed innovative risk management programs, products and services for physicians. Prior to AIG and Zurich, Ms. Lieberman held positions as a risk management consultant at Princeton Insurance Company and as risk manager for Memorial Sloan Kettering Cancer Center, where she administered a self insured retention program. Ms. Lieberman has consulted in various settings, has written for risk management publications, and is a national speaker.

Ms. Lieberman received a BSN in Nursing from SUNY Downstate Medical Center and a MBA in Healthcare Administration from CUNY Baruch College/Mt. Sinai School of Medicine. She is a past president of the Society for Healthcare Risk Management of NJ, and is a member of the American Society for Healthcare Risk Management and the Association of Healthcare Risk Management of NY.

About Conventus Inter-Insurance Exchange

Conventus Inter-Insurance Exchange is a not-for-profit, non-assessable reciprocal 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 results for companies like Conventus.