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Positive Physicians Insurance Company Announces That Lewis Sharps, MD Is Stepping Down as Chief Executive Officer, Board Appoints Michael Roque as Successor
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
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
Appointment of Michael Roque as new CEO may bring fresh perspectives.
Dr. Lewis Sharps remains as Founder Emeritus, ensuring continuity.
Negative
Leadership transition raises questions about the continuity of strategic vision.
BERWYN, Pa.--(BUSINESS WIRE)--
Positive Physicians Insurance Company (PPIC), a leading medical professional liability insurer serving healthcare providers across 10 states, announced that Lewis Sharps, MD, founder of Positive Physicians Insurance Exchange in 2002 and having been a critical component of the company’s growth over the past 20 years, is stepping down from his position as Chief Executive Officer. Given his long history and experience with the company and the industry, Dr. Sharps will remain in an advisory role as Founder Emeritus with the Company. Michael G. Roque, who joined PPIC as President in 2021, will now assume the role of President and CEO, effective immediately.
Dr. Sharps noted, “I leave Positive with full confidence in Michael and the management team I have built over my time here and have no doubt they are well equipped to drive the company forward.”
Michael Roque added, “On behalf of our board, I want to thank Dr. Sharps for his leadership and commitment to Positive over the last 20 years. His guidance has the company well-positioned to achieve significant growth and change the landscape of the MPL industry.”
About Positive Physicians Insurance Company
Positive Physicians Insurance Company, a Pennsylvania domiciled insurance company, is a wholly owned subsidiary of Positive Physicians Holdings, Inc. (OTCQX: PPHI). The Company 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. Positive Physicians Insurance Company offers 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. For more information, please visit www.positivephysicians.com.
