Positive Physicians Holdings, Inc. Announces Board Changes
March 30, 2020 at 11:47 pm IST
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On March 25, 2020, the Board of Directors (the “Board”) of Positive Physicians Holdings, Inc. (the “Company”) accepted the resignations of Craig A. Huff and James L. Zech. Mr. Huff and Mr. Zech did not resign from the Board as a result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Zech had also served as a member of the Company’s Audit and Compensation Committees of the Board. On March 25, 2020, the Company’s Board also appointed Jack Sun as a member of the Board, effective immediately. As of the time of this filing, the Board has not made a final determination regarding the committees of the Board, if any, to which Mr. Sun will be appointed. Mr. Sun is a Vice President of Insurance Capital Group, the majority owner of the Company, and he previously was a Vice President at Reservoir Capital Group, where he was a member of the investment team. Prior to that, Mr. Sun was an investment professional at Centerbridge Partners, where he focused on the firm’s distressed credit and private equity opportunities, and he began his career at Lazard in the Restructuring Group. Mr. Sun received an A.B. in Economics with a secondary in Statistics from Harvard College.
Positive Physicians Holdings, Inc. is an advanced medical professional liability protection and risk management company. The Company serve a network of healthcare providers across Pennsylvania, New Jersey, Ohio, Delaware, Maryland, South Carolina, Michigan, Florida, Georgia, and Texas. It provides comprehensive coverage solutions for healthcare professionals, such as claims-made coverage, occurrence coverage, and slot or full-time equivalency (FTE) policies. Its partnership with the medical interactive community (MI), equips medical professionals to navigate risks, enhance patient safety, and secure their practice against threats inherent to their profession. Through its membership, it offers resources and access to a library of comprehensive training materials and webinars. It complies with medical education requirements through accredited courses.