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A.M. Best Affirms CMIC Group’s A- (Excellent) Rating

GLASTONBURY, CT – June 13, 2017 – CMIC, a leading member-owned medical professional liability insurance company, announced today that A.M. Best has affirmed the financial strength rating of A- (Excellent), and the Long-Term Issuer Credit Ratings of "A-" of Connecticut Medical Insurance Company (CMIC) (Glastonbury, CT) and CMIC Risk Retention Group (District of Columbia).

The A.M. Best ratings continue to reflect CMIC Group's strong balance sheet strength and its long history of positive organic surplus growth, mainly attributed to profitable operating results and retained earnings.

“We are pleased that A.M. Best continues to recognize our dedication to strong underwriting practices and financial diligence,” said Denise Funk, Chief Executive Officer of CMIC Group. “For over thirty years it has been our goal to provide our members with a financially sound and stable insurance partner. Our reaffirmed A- (Excellent) rating demonstrates this.”

A.M. Best is the most prominent and widely recognized provider of ratings for the insurance industry. Their ratings are determined through an extensive analysis of a company's balance sheet strength, operating performance and business profile.

“Trent’s experience in the insurance industry, ranging across a variety of member-orientated functions, from risk management to claims, positions him well to oversee our robust and exceptional member services offering,” said Stephen J. Gallant, Chief Executive Officer of CMIC Group. “His appointment as Director of Member Services will enhance not only our team, but the experience of our physician membership.”

About CMIC Group

CMIC Group includes both CMIC and its member affiliate, CMIC Risk Retention Group (CMIC RRG). CMIC Group is a leader in developing innovative insurance programs, services, and solutions for physicians, doctors, healthcare providers, hospitals, and facilities dating back to the origins of CMIC in 1984.  For more information, visit the CMIC Group website at www.cmic.biz.

 

Media Contact:
Michelle Barry
Communications Specialist
80 Glastonbury Boulevard
3rd Floor
Glastonbury, CT 06033
T: 800.228.0287 ext. 283
E-mail: Communications

News Archive

June 28, 2018

CMIC Group Announces Appointment of Mary Ann Bentz, MD to CMIC Board

June 26, 2018

CMIC Group Announces Appointment of Nicholas Bontempo, MD to CMIC Board

May 2, 2018

CMIC Group’s A- (Excellent) Rating Affirmed by A.M. Best; Outlook Revised

February 14, 2018

Michelle M. Ursini Appointed Director of Marketing and Business Development at CMIC Group

January 9, 2018

CMIC Group Wraps Up 2017 with Many Positive Achievements

December 13, 2017

CMIC Group CFO, Emmanuel (Manny) Zervos, Announces Retirement; Michael Conneely, to Assume Role of CFO

December 7, 2017

CMIC Group CEO, Denise Funk, Announces Retirement; Stephen Gallant,to Assume Role of CEO

November 15, 2017

Paul Darcy, MD Elected Chairman of CMIC Underwriting Committee

November 8, 2017

Edmund Schiavoni, MD Elected President of CMIC RRG Board of Directors

November 2, 2017

John Hornby, MD Elected President and Chairman of CMIC Board of Directors

July 11, 2017

Michael P. Conneely, CPA Joins CMIC Group as Director of Finance

June 28,2017

Stephen J. Gallant Joins CMIC Group as Chief Operating Officer

June 13,2017

A.M. Best Affirms CMIC Group’s A- (Excellent) Rating

March 31,2017

CMIC Group Rated One of the Best Places to Work in Connecticut

March 15,2017

Chairman of CMIC Board of Directors Receives Award

November 9,2016

CMIC Declares 7.5% Dividend for Policyholders in 2017

October 25,2016

CMIC Announces New Loyalty Rewards Program Allocation for 2017

October 11,2016

CMIC Announces 2017 Rates Unchanged for Connecticut and Massachusetts Members

September 27,2016

CMIC Group Announces Appointment of New Director to CMIC RRG Board

Feburary 9, 2016

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January 7, 2016

CMIC Announces Launch of New Mobile Website

 

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