At MLMIC’s Board of Directors Meeting on May 3, Dr. Robert Menotti affirmed his retirement as President and Chairman of the Company. Subsequently, the Board elected Dr. James Reed to serve as Chairman and Dr. John Lombardo to serve as President.
MLMIC will now write and provide the Section 18 excess insurance previously written and provided by Healthcare Professionals Insurance Company (HPIC).
In the opening letter to MLMIC’s 2016 Annual Report, President Dr. Robert Menotti highlights some of the Company’s accomplishments, shares summary financial information and announces his retirement.
We’re pleased to advise policyholders that the Berkshire Hathaway transaction is on track. As such, you can expect several major milestones to occur between now and the expected close of the transaction by year-end 2017.