MedMal Direct Insurance Company

AM Best Comments on Credit Ratings of Integris Group’s Members Following Announced Acquisition of MedMal Direct Insurance Company

Retrieved on:

Friday, October 13, 2023

Insurance, Professional Services, AM Best, Acquisition, Integris Health, Credit, Risk management, AM, MedMal Direct Insurance Company, PTI, Glastonbury, News, ALL, MDIC

AM Best has commented that the Credit Ratings (ratings) of Integris Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, Integris Risk Retention Group, Inc. (District of Columbia) (collectively referred to as Integris Group) remain unchanged following the announcement that it has agreed to acquire MedMal Direct Insurance Company (MDIC) (Jacksonville, FL).

Key Points:

AM Best has commented that the Credit Ratings (ratings) of Integris Insurance Company (Glastonbury, CT) and its sponsored risk retention group company, Integris Risk Retention Group, Inc. (District of Columbia) (collectively referred to as Integris Group) remain unchanged following the announcement that it has agreed to acquire MedMal Direct Insurance Company (MDIC) (Jacksonville, FL).
On Oct. 11, 2023, Integris Group announced that it had agreed to acquire 100% of the stock of MDIC and its agency, CorePro Insurance, from PTI.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

MedMal Direct names COO and Director

Retrieved on:

Monday, March 28, 2022

JACKSONVILLE, Fla., March 28, 2022 /PRNewswire/ -- MedMal Direct Insurance Company ("MDIC") , the direct-to-physician medical professional liability insurance carrier, announces the promotion of Bryan Carter to Chief Operating Officer and Director, effective immediately.

Key Points:

JACKSONVILLE, Fla., March 28, 2022 /PRNewswire/ -- MedMal Direct Insurance Company ("MDIC") , the direct-to-physician medical professional liability insurance carrier, announces the promotion of Bryan Carter to Chief Operating Officer and Director, effective immediately.
P. Butler Ball, CEO and Director of Physicians Trust, Inc., MedMal Direct's parent company, added, "Our Board is pleased to have Bryan increase his responsibilities at MedMal Direct in his new role as our Chief Operating Officer and Director.
AboutMedMalDirect: Since 2010, MedMal Direct Insurance Company (MedMal Direct) has served doctors through a cost-saving, service-first business model that provides medical professional liability insurance directly tophysicians and surgeons.
MedMal Direct has earned and maintains a FinancialStability Ratingof A, Exceptional, from Demotech, Inc.

MedMal Direct names CFO

Retrieved on:

Friday, March 25, 2022

JACKSONVILLE, Fla., March 25, 2022 /PRNewswire/ -- MedMal Direct Insurance Company ("MDIC") , the direct-to-physician medical professional liability insurance carrier, announces Dana Fleming as its new Chief Financial Officer, effective immediately.

Key Points:

JACKSONVILLE, Fla., March 25, 2022 /PRNewswire/ -- MedMal Direct Insurance Company ("MDIC") , the direct-to-physician medical professional liability insurance carrier, announces Dana Fleming as its new Chief Financial Officer, effective immediately.
Fleming served as the Vice President of Finance and Controller for MedMal Direct Insurance Company and hasmorethan20years of insurance, financial management and external audit experience.
AboutMedMalDirect: Since 2010, MedMal Direct Insurance Company (MedMal Direct) has served doctors through a cost-saving, service-first business model that provides medical professional liability insurance directly tophysicians and surgeons.
MedMal Direct has earned and maintains a FinancialStability Ratingof A, Exceptional, from Demotech, Inc.

MedMal Direct names President & CEO

Retrieved on:

Friday, March 4, 2022

MedMal Direct Insurance Company, Family, Surgeon, Industry, Physician, Board of directors, The, Growth, MDIC, Board, Multimedia, Our Boarding House, Time, Superior, CEO, Medical malpractice, Insurance, Management, Director

P. Butler Ball, CEO and Director of Physicians Trust, Inc., MedMal Direct's parent company, applaudedthe choice, "Our Board is excited to have Marc expand his responsibilities at MedMal Direct.He hasplayed a major role in the company's success; he knows the firm, our team members and the businessinside and out.

Key Points:

P. Butler Ball, CEO and Director of Physicians Trust, Inc., MedMal Direct's parent company, applaudedthe choice, "Our Board is excited to have Marc expand his responsibilities at MedMal Direct.He hasplayed a major role in the company's success; he knows the firm, our team members and the businessinside and out.
Hammetthas served as the Chief Financial Officer of MDIC and President and Chief Strategy Officer for PhysiciansTrust,Inc.sincejoining thefirmaftermorethan25years in theindustry.
AboutMedMalDirect: Since 2010, MedMal Direct Insurance Company (MedMal Direct) has served doctors through a cost-saving, service-first business model that provides medical professional liability insurance directly tophysicians and surgeons.
MedMal Direct has earned and maintains a Financial Stability Rating of A, Exceptional, from Demotech, Inc.

StartBox and MedMal Direct form alliance to provide ASCs with technology to advance patient safety and reduce medical professional liability costs

Retrieved on:

Tuesday, August 10, 2021

ATLANTA, Aug. 10, 2021 /PRNewswire/ -- StartBox, LLC today announced an alliance with MedMal Direct Insurance Company, a multi-state medical professional liability insurance carrier.

Key Points:

ATLANTA, Aug. 10, 2021 /PRNewswire/ -- StartBox, LLC today announced an alliance with MedMal Direct Insurance Company, a multi-state medical professional liability insurance carrier.
The alliance will offer healthcare providers and Ambulatory Surgery Centers (ASCs) medical professional liability risk management discounts linked to the adoption of the StartBox System.
With StartBox, healthcare providers can now avoid catastrophic errors and reduce medical professional liability costs.
About MedMal Direct: MedMal Direct Insurance Company is a multi-state medical professional liability insurance carrier that offers its policies directly to physicians and surgeons.

AM Best Downgrades Issuer Credit Rating of Qatar General Insurance & Reinsurance Company QPSC

Retrieved on:

Friday, April 9, 2021

Banking, Professional services, Insurance, Finance, Credit rating agencies, Finance, AM Best, Credit rating, MedMal Direct Insurance Company

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Qatar General Insurance & Reinsurance Company QPSC (QGIRC) (Qatar).

Key Points:

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Qatar General Insurance & Reinsurance Company QPSC (QGIRC) (Qatar).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Upgrades Issuer Credit Rating of Farmers Fire Insurance Company

Retrieved on:

Wednesday, April 7, 2021

Insurance, Professional services, Credit rating agencies, Finance, Credit rating, AM Best, MedMal Direct Insurance Company

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ from bbb and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Farmers Fire Insurance Company (Farmers) (York, PA).The outlook for the Long-Term ICR has been revised to stable from positive while the outlook for the FSR is stable.

Key Points:

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ from bbb and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Farmers Fire Insurance Company (Farmers) (York, PA).The outlook for the Long-Term ICR has been revised to stable from positive while the outlook for the FSR is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Upgrades Credit Ratings of National Guardian Life Insurance Company and Its Subsidiaries; Withdraws Credit Ratings of Settlers Life Insurance Company

Retrieved on:

Wednesday, March 24, 2021

Professional services, Insurance, Finance, Service companies, Companies, Insurance companies, Credit rating agencies, National Guardian Life, AM Best, The Travelers Companies, Insurance, Reinsurance companies, MedMal Direct Insurance Company, Oman Insurance Company

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a from a- of National Guardian Life Insurance Company (NGLIC) (Madison, WI) and its subsidiaries, Settlers Life Insurance Company (Madison, WI) and Commercial Travelers Life Insurance Company (Commercial Travelers) (Utica, NY).

Key Points:

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a from a- of National Guardian Life Insurance Company (NGLIC) (Madison, WI) and its subsidiaries, Settlers Life Insurance Company (Madison, WI) and Commercial Travelers Life Insurance Company (Commercial Travelers) (Utica, NY).
The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
Concurrently, AM Best has withdrawn the ratings of Settlers Life Insurance Company as the company has requested to no longer participate in AM Bests interactive rating process.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Affirms Credit Ratings of FAIR Oil & Energy Insurance Syndicate

Retrieved on:

Wednesday, March 17, 2021

Energy, Professional services, Insurance, Oil, Gas, Finance, Credit rating agencies, Money, Insurance, Actuarial science, Reinsurance, Credit rating, AM Best, MedMal Direct Insurance Company

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of FAIR Oil & Energy Insurance Syndicate (the Syndicate) (Bahrain).

Key Points:

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of FAIR Oil & Energy Insurance Syndicate (the Syndicate) (Bahrain).
The Syndicate is one of four reinsurance vehicles formed by the Federation of Afro-Asian Insurers and Reinsurers (FAIR), with a remit to write energy business.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Upgrades Credit Ratings of Auto Club Insurance Association and Its Subsidiaries

Retrieved on:

Thursday, February 18, 2021

Insurance, Professional services, Finance, AM Best, Tewksbury Township, New Jersey, Insurance, Credit rating, Reinsurance companies, MedMal Direct Insurance Company

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a from a- of Auto Club Insurance Association and its wholly owned subsidiaries, Auto Club Group Insurance Company, MemberSelect Insurance Company, Auto Club Property-Casualty Insurance Company, Meemic Insurance Company and Fremont Insurance Company.

Key Points:

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a from a- of Auto Club Insurance Association and its wholly owned subsidiaries, Auto Club Group Insurance Company, MemberSelect Insurance Company, Auto Club Property-Casualty Insurance Company, Meemic Insurance Company and Fremont Insurance Company.
All companies are collectively referred to as Auto Club Group (ACG) and domiciled in Dearborn, MI, except where specified.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .