Berwyn, PA – December 7, 2018 – Penwell Bowman + Curran advised Positive Physicians Insurance Exchange (“PPIX”), a Pennsylvania-domiciled insurer, on its recent formation and licensing of a sponsored captive insurance company in New Jersey. PPIX formed the sponsored captive insurance company to offer medical malpractice insurance and risk management solutions to its insured physicians and physician groups. The sponsored captive insurance company was formed with the flexibility to utilize both incorporated and unincorporated cells.
Since its inception in 2002, Positive Physicians Insurance Exchange has made a lasting impression on the medical community by providing a highly focused approach to medical liability insurance and risk management. As one of the only physician-created, professionally managed insurance companies in the country, PPIX offers a concierge focus on specialty and primary care practices.
Positive Physicians Insurance Exchange is an admitted insurance carrier in Pennsylvania, New Jersey, Delaware, Maryland, and Ohio. The company is reinsured by Lloyds of London, and has been assigned a Financial Stability Rating® of A’ (A Prime), Unsurpassed from Demotech, Inc.
For more information, visit PPIX’s website.
About Penwell Bowman + Curran
Penwell Bowman + Curran was established in 2017 with the goal of being the go-to corporate and securities law firm for Central Pennsylvania and beyond. Coupling the flexibility and accessibility of a small firm with the experience and sophistication found in larger law firms, PB+C represents business clients of all sizes in all phases of the corporate lifecycle, regularly providing legal services in the areas of business startup, corporate governance, capital raising, mergers & acquisitions, securities compliance and business operations. Additionally, the lawyers at PB+C offer unique expertise to clients in the insurance, franchise, financial institutions, hedge fund and church extension fund industries.