Positive Physicians Insurance Company Announces That Lewis Sharps, MD Is Stepping Down as Chief Executive Officer, Board Appoints Michael Roque as Successor

BERWYN, Pa.--(BUSINESS WIRE)-- Positive Physicians Insurance Company (PPIC), a leading medical professional liability insurer serving healthcare providers across 10 states, announced that Lewis Sharps, MD, founder of Positive Physicians Insurance Exchange in 2002 and having been a critical component of the company’s growth over the past 20 years, is stepping down from his position as Chief Executive Officer. Given his long history and experience with the company and the industry, Dr. Sharps will remain in an advisory role as Founder Emeritus with the Company. Michael G. Roque, who joined PPIC as President in 2021, will now assume the role of President and CEO, effective immediately.

Dr. Sharps noted, “I leave Positive with full confidence in Michael and the management team I have built over my time here and have no doubt they are well equipped to drive the company forward.”

Michael Roque added, “On behalf of our board, I want to thank Dr. Sharps for his leadership and commitment to Positive over the last 20 years. His guidance has the company well-positioned to achieve significant growth and change the landscape of the MPL industry.”

About Positive Physicians Insurance Company

Positive Physicians Insurance Company, a Pennsylvania domiciled insurance company, is a wholly owned subsidiary of Positive Physicians Holdings, Inc. (OTCQX: PPHI). The Company underwrites medical professional liability coverage for physicians, their corporations, medical groups, clinics, and allied healthcare providers. Medical professional liability insurance protects physicians and other healthcare providers against liabilities arising from the rendering of, or failure to render, professional medical services. Positive Physicians Insurance Company offers claims-made coverage, claims-made plus, occurrence-based policies as well as tail coverage in Pennsylvania, New Jersey, Ohio, Delaware, Maryland, South Carolina, Michigan, Florida, Texas, and Georgia. For more information, please visit www.positivephysicians.com.

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Shaun S. Fisher

SVP of Marketing & Business Development

(610) 644-5262

Source: Positive Physicians Insurance Company