Medical Mutual Enhances Business Model
and Intellectual Capital
Raleigh, NC – October 28, 2013 – Earlier this year, Medical Mutual Insurance Company of North Carolina (Medical Mutual) announced its plan, and received 97% member approval, to form a mutual insurance holding company. As Medical Mutual moves towards this new business model, key management team members will assume new and expanded responsibilities, and two new senior executives have been hired to enhance the organization’s leadership team.
Effective January 1, 2014, Mark Davidson, the current chief financial officer, and David Sousa, the current senior vice president and general counsel, will move into new leadership roles. Scott Davison, Jim Kay, and Steven Sawyer, currently serving as vice presidents representing key business units within the organization, will be promoted to the senior vice president level. Jason Sandner, also currently a vice president, will be promoted to chief financial officer.
Mark Davidson has held the position of chief financial officer since 1994. During his tenure in this role, Davidson has capably managed the company’s investment portfolio, and initiated and developed the growth of its real estate ventures. In his future position, Davidson will serve as president of a new company dedicated to the management and expansion of Medical Mutual’s real estate and investment portfolio.
David Sousa has been with Medical Mutual since 1996, having brought success to multiple areas of business including claims, risk management, human resources, and information technology. Sousa will become the head of insurance operations as he assumes the role of chief operating officer and general counsel.
John Scudella and Jason Newton Join Medical Mutual’s Leadership Team
In addition to the growing responsibilities for select management team members, Medical Mutual has added John Scudella and Jason Newton to the leadership of the professional liability insurance company.
Scudella joined Medical Mutual in August 2013 as the new senior vice president of underwriting and alternative risk programs. He has over 20 years of experience in the insurance industry and most recently served as a healthcare underwriting director for CNA Insurance in Illinois.
About Medical Mutual
Medical Mutual Insurance Company of North Carolina is a physician‐owned company providing professional liability insurance to physicians since 1975. Medical Mutual is rated “A” (Excellent) by A.M. Best, and owns MMIC Agency, LLC, a multi‐line insurance agency offering professional liability, health, and commercial insurance coverage to medical professionals. Visit www.medicalmutualgroup.com to learn more.Tweet