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February 07, 2016 7:56 PM ET

Insurance

Company Overview of MAG Mutual Insurance Company

Company Overview

MAG Mutual Insurance Company provides medical professional liability insurance solutions to physicians and hospitals in the Southeast United States. The company offers comprehensive risk management and patient safety programs; and hospital policies, such as primary hospital professional, general and employee benefit liability, primary physicians professional liability, and umbrella liability scheduling PL/GL/EBL/AL/EL/non-owned aircraft. It also provides investment solutions, including managed accounts, risk tolerance assessment, portfolio review, and brokerage services. The company was founded in 1982 and is based in Atlanta, Georgia with additional offices in Raleigh and Columbia, South Ca...

3525 Piedmont Road NE

Building 14-1000

Atlanta, GA 30305

United States

Founded in 1982

Phone:

404-842-5600

Fax:

404-842-5614

Key Executives for MAG Mutual Insurance Company

Chairman of The Board and Chief Executive Officer
President and Chief Operating Officer
Chief Financial Officer and Senior Vice President
President of Magmutual Insurance Agency, Llc and Vice President of Magmutual Financial Services, Llc
President of Select Professional Underwriters, Llc
Compensation as of Fiscal Year 2015.

MAG Mutual Insurance Company Key Developments

Mag Mutual Insurance Company Appoints Naveed Anwar as Senior Vice President and Chief Financial Officer

Mag Mutual Insurance Company announced that Naveed Anwar has joined the company as Senior Vice President and Chief Financial Officer. Naveed brings more than 30 years of both U.S. and international accounting, finance, actuarial, insurance and budgeting experience to MagMutual. Most recently he was the Chief Financial Officer for the North American Region of Catlin, headquartered in Atlanta, Georgia. Catlin is now part of XL Catlin. In his role, Naveed will manage all strategic matters as they relate to investments, capital, reinsurances, tax and banking. He will also oversee the company's financial reporting, budget planning and forecasting, process improvement and new growth opportunities. Additionally, Naveed will have responsibility for the company's relationships with the departments of insurance, regulatory institutions, rating agencies, investment advisors and bankers.

MagMutual Insurance Compan Opens Charlotte Office; Mark Francis to Lead New Office in Charlotte

MagMutual Insurance Company recently opened a Charlotte office, its third location to provide malpractice coverage across North and South Carolina. Regional vice president Mark Francis will lead the new office in Charlotte while maintaining management of the existing offices in Raleigh and Columbia, S.C.

MagMutual Insurance Company Declares 2015 Dividends, Payable on June 1, 2015

MagMutual Insurance Company announced a 2015 dividend of $14.5 million. The company will credit the dividend starting June 1, 2015 to policyholders of record as of April 1, 2015.

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