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Positive Physicians Holdings, Inc. (OTCQX: PPHI) has announced the promotion of Brian J. Durkin as Chief Financial Officer (CFO), effective August 15, 2022. Durkin, previously Senior Vice President and Treasurer, will also maintain his Treasurer role. CEO Michael G. Roque expressed confidence in Durkin's strategic vision for the finance organization to drive growth in the medical professional liability (MPL) industry. Durkin brings over 16 years of insurance experience, having served in various roles at Chubb and holding a CPA designation.
Positive Physicians Insurance Company (PPIC) announced the resignation of Dr. Lewis Sharps as CEO, effective immediately. Dr. Sharps, who founded Positive in 2002, will continue as Founder Emeritus. Michael G. Roque, previously President since 2021, will take over as President and CEO. Dr. Sharps expressed confidence in Roque and the management team’s ability to lead the company. Under Roque's leadership, PPIC aims to enhance its position in the medical professional liability insurance sector, continuing to serve healthcare providers across ten states.
Positive Physicians Insurance Company has received approval from the Florida and Georgia Departments of Insurance to offer medical malpractice insurance in both states. The Company gained admitted status in Florida in February and in Georgia in March 2021, with plans to start writing policies by September 1, 2021, in Florida and later in Georgia. President and CEO Dr. Lewis S. Sharps highlighted that this expansion allows for growth in their premium base amid a hardening medical liability market, targeting insured groups aligned with their risk management philosophy.
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