Conventus Holds First Annual Member Meeting.Business Editors/Health/Medical Writers WOODBRIDGE, N.J.--(BUSINESS WIRE)--April 22, 2004 Conventus 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 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 insurance company. A meeting of the newly-expanded Board of Governors followed immediately after the member meeting. "Conventus is well on its way to becoming the premier medical professional liability insurance company in the state, providing the best solution for New Jersey physicians," Dr. Albert A. Talone, Chairman of the Conventus Board of Governors, told the assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. members. "I encourage all our members to actively participate in the Exchange, and be ambassadors for its growth. Active participation by members is crucial to the success of the Exchange." The five new Conventus Board Members, elected by overwhelming majority, are: Michael G. Faust, M.D., F.A.C.O.G.; Kevin M. Fleming, M.D.; Jeffrey E. Levy, M.D.; Bevon D. Miele, M.D.; and Clifford J. Schob, M.D. "I'm excited and honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to be joining the Conventus Board of Governors," said new Board Member Clifford J. Schob, M.D. "The physician governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. feature is every member's guarantee that the exchange is being managed in their best interests. It is what really sets Conventus apart from other insurance carriers." In addition to discussing recent legislation passed by the State Assembly and Senate related to insurance reform, members heard the Conventus Attorney-in-Fact, NIP (Novell Internet Printing) See NetWare 6. Management Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , report on continuing investments made to support the growth of the company. "We have had great success building a strong, stable foundation for Conventus," said Barry Barron, President of NIP Management Company. "We're extremely confident about the continuing growth of the company going forward." 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion