Partners & Customers
1About MAG Mutual Insurance Company
MAG Mutual Insurance Company (MagMutual) provides medical professional liability (malpractice) insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia.
MAG Mutual Insurance Company Headquarter Location
3525 Piedmont Road NE Bldg 8-600
Atlanta, Georgia, 30305,
United States
404-842-5600
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MAG Mutual Insurance Company Rank
Latest MAG Mutual Insurance Company News
Dec 2, 2020
MAG Mutual Insurance Company, a Georgia stock insurance company (“MMIC”), and its ultimate parent, MAG Mutual Holding Company, on the closing of their sponsored demutualization of West Virginia Mutual Insurance Company, a West Virginia mutual insurance company (“WVMIC”). As part of the sponsored demutualization, WVMIC converted from a mutual insurance company to a stock insurance company (the “Demutualization”), and MMIC acquired all of the stock of WVMIC (the “Acquisition”). The proceeds of the Acquisition are being distributed to WVMIC’s eligible policyholders. In order to consummate the Acquisition and Demutualization, the parties were required to (a) hold a public hearing with respect to the Demutualization and the Acquisition, (b) obtain approvals from WVMIC’s policyholders and the West Virginia Offices of the Insurance Commissioner (“WV OIC”) with respect to the Demutualization (and the plan of conversion) and (c) obtain approval from WV OIC with respect to the Acquisition. MMIC is a Georgia-domiciled property and casualty insurance company that is currently licensed in 48 states and currently writes Medical Professional Liability insurance for physicians, physician networks and health care facilities on a claims-made and occurrence basis. WVMIC is a mutual insurance company organized under the laws of the State of West Virginia and that was created in 2004 in order to serve the public interest of providing West Virginia physicians with a stable means to obtain affordable medical liability insurance. WVMIC provides nonassessable policies of medical malpractice insurance to physicians located in West Virginia of all practice types and specialties. The King & Spalding team included Bernhardt Nadell (Picture), Gary Ho, Enrico Granata, Dongkwan Kim (DK), Edouard S. Markson, Abraham N.M. Shashy, Jr. (Hap), Laura Westfall, Adrian Karas, Mary Longenbaker, Conrad C Axelrod, Edward Holzwanger and John Daniel Carroll.
MAG Mutual Insurance Company Acquisitions
2 Acquisitions
MAG Mutual Insurance Company acquired 2 companies. Their latest acquisition was West Virginia Mutual Insurance on December 02, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
12/2/2020 | Acquired | 1 | ||||
5/2/2013 |
Date | 12/2/2020 | 5/2/2013 |
---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
MAG Mutual Insurance Company Partners & Customers
1 Partners and customers
MAG Mutual Insurance Company has 1 strategic partners and customers. MAG Mutual Insurance Company recently partnered with Wolters Kluwer on September 9, 2016.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/9/2016 | Partner | Netherlands | This first-ever partnership with an insurance carrier reflects Wolters Kluwer Health 's commitment to improving clinical effectiveness by helping organizations across the continuum of care -- from hospitals and health systems to insurance companies like MagMutual -- deliver optimal care to patients . | 2 |
Date | 9/9/2016 |
---|---|
Type | Partner |
Business Partner | |
Country | Netherlands |
News Snippet | This first-ever partnership with an insurance carrier reflects Wolters Kluwer Health 's commitment to improving clinical effectiveness by helping organizations across the continuum of care -- from hospitals and health systems to insurance companies like MagMutual -- deliver optimal care to patients . |
Sources | 2 |
MAG Mutual Insurance Company Team
7 Team Members
MAG Mutual Insurance Company has 7 team members, including current Chief Executive Officer, President, Neil Morrell.
Name | Work History | Title | Status |
---|---|---|---|
Neil Morrell | Chief Executive Officer, President | Current | |
Joseph S. Wilson | Vanderbilt Health Services | Chief Executive Officer | Current |
Naveed Anwar | Chief Financial Officer | Current | |
William Kanich | Chief Medical Officer | Current | |
Michael Markett | Executive Vice President | Current |
Name | Neil Morrell | Joseph S. Wilson | Naveed Anwar | William Kanich | Michael Markett |
---|---|---|---|---|---|
Work History | Vanderbilt Health Services | ||||
Title | Chief Executive Officer, President | Chief Executive Officer | Chief Financial Officer | Chief Medical Officer | Executive Vice President |
Status | Current | Current | Current | Current | Current |
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