MIIX Group, Inc., New Jersey’s troubled medical professional liability insurance provider, announced that it has engaged Fox-Pitt, Kelton Inc. as its financial advisor “to explore strategic alternatives for the company.”
After reporting a $162.8 million loss in the 4th quarter (See IJ Website March 1), and having S&P lower the ratings on its Lawrenceville unit to ‘Bpi’ (See IJ Website March 15), MIIX is seeking solutions to its financial problems.
Was this article valuable?
Here are more articles you may enjoy.
Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance 
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years 
The Luxury Life of British Expats in Dubai Faces a Reality Check 
Why Is it so Easy for Iran to Shut the Strait of Hormuz? 
