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Positive Physicians Holdings, Inc. Announces the Promotion of Brian J. Durkin to Chief Financial Officer
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
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
Brian J. Durkin's promotion as CFO indicates a strategic move to enhance leadership in the finance department.
Durkin has over 16 years of experience in the Property and Casualty insurance industry, bringing valuable expertise.
Negative
None.
BERWYN, Pa.--(BUSINESS WIRE)--
Positive Physicians Holdings, Inc. (the “Company”) (OTCQX: PPHI), the holding company of Positive Physicians Insurance Company and Positive Professionals Management LLC, today announced the promotion of Mr. Brian J. Durkin to the role of Chief Financial Officer (CFO). Mr. Durkin will also continue to serve as Treasurer. Mark J. Keyser had been serving as the Company’s Interim CFO and is expected to remain with the Company in a consulting role. This appointment was approved by the Company’s Board of Directors on August 15, 2022.
Michael G. Roque, the Company’s President and Chief Executive Officer, commented, “I am pleased to announce the promotion of Mr. Durkin as our next CFO. I am confident Brian has the strategic vision and depth of industry experience to lead our finance organization. It is important to have the best talent to help us execute on our strategic initiatives for 2022 and beyond, including achieving significant growth and changing the landscape of the MPL industry by creating new ways of transacting business. I’m excited to have Brian join our executive team to help us continue to build on the Company’s momentum in the MPL industry.”
Mr. Durkin has over 16 years of experience in the Property and Casualty insurance industry. He recently served as Senior Vice President and Treasurer of the Company. Prior to joining the Company as Controller in December 2020, he served in various roles during his 8-year tenure at Chubb, including his last assignment as Assistant Vice President, Financial Reporting. Mr. Durkin is a Certified Public Accountant and has a Bachelor of Science degree in Accounting and Finance from Syracuse University.
About Positive Physicians Holdings, Inc.
The Company is the holding company for Positive Physicians Insurance Company (“PPIC”), a Pennsylvania domiciled insurance company, and Positive Professionals Management LLC (“PPM”), a Pennsylvania limited liability company. PPIC underwrites medical professional liability coverage for physicians, their corporations, medical groups, clinics and allied healthcare providers. Medical professional liability insurance protects physicians and other healthcare providers against liabilities arising from the rendering of, or failure to render, professional medical services. We offer claims-made coverage, claims-made plus, occurrence-based policies as well as tail coverage in Pennsylvania, New Jersey, Ohio, Delaware, Maryland, South Carolina, Michigan, Florida, Texas, and Georgia. PPM provides management and administrative services to PPIC. For more information, please visit www.positivephysicians.com.
Shaun S. Fisher SVP of Marketing & Business Development
(610) 644-5262
Source: Positive Physicians Holdings, Inc.
FAQ
Who is the new CFO of Positive Physicians Holdings as of August 2022?
Brian J. Durkin was promoted to Chief Financial Officer (CFO) of Positive Physicians Holdings.
What is Brian J. Durkin's background before becoming CFO?
Brian J. Durkin has over 16 years of experience in the insurance industry and previously served as Senior Vice President and Treasurer at Positive Physicians Holdings.
When was Brian J. Durkin's promotion to CFO announced?
The promotion of Brian J. Durkin to CFO was announced on August 15, 2022.
What role did Mark J. Keyser have prior to Durkin's promotion?
Mark J. Keyser served as the Interim CFO before Brian J. Durkin's promotion.
