St. John’s University to Merge With The College of Insurance

November 15, 2000

St. John’s University and The College of Insurance have signed a definitive merger agreement, making TCI a school of St. John’s Peter J. Tobin College of Business. The combination creates a more powerful business education program for students of both institutions and gives St. John’s a Manhattan campus for the first time in its more than 130-year history.

Under this agreement, TCI will be renamed The School of Risk Management, Insurance and Actuarial Science and exist as a unit of TCB. Dr. Ellen Thrower, the current President of TCI, will be the leader of SRM, and TCI students will become part of the St. John’s University student body. The Board of Trustees of TCI will continue its support of SRM as an advisory board, with Robert Clements, Chairman of Arch Capital Group Ltd., remaining as chairman.

The TCI campus, a 10-story building located in Manhattan’s Financial District, will become St. John’s fifth campus worldwide. The agreement, already approved by the Boards of Trustees of both institutions, is still subject to regulatory approval.

The Peter J. Tobin College of Business has an enrollment of more than 3,000 graduate and undergraduate students. Its alumni base consists of 30,000 active members offering a valuable networking resource for the business school. Ninety percent of St. John’s full-time faculty hold a doctoral degree and five are internationally recognized Fulbright scholars.

The College of Insurance, founded in 1901, is a private and independent college that serves more than 2,000 students. TCI offers graduate and undergraduate degree programs, as well as professional education programs to provide the continuing education for those involved in risk management, insurance and financial services.

Founded in 1870 by the Vincentian community, St. John’s University has six schools and colleges. It offers associate, baccalaureate, master’s, doctoral and professional degrees. The University enjoys an enrollment of more than 18,600 students and operates four campuses: in Queens, Staten Island and Eastern Long Island in New York and in Rome, Italy.

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