MCIC Vermont (A Reciprocal Risk Retention Group) (MCIC) is a specialty insurance company which provides medical professional and general liability insurance coverage and risk management services to its academic medical center subscribers and their various affiliated entities, employees and physicians. The Class A Subscribers of MCIC are Columbia University College of Physicians & Surgeons, The Johns Hopkins Hospital, The Johns Hopkins University, New York Presbyterian Hospital, University of Rochester Medical Center, Weill Cornell Medical College, Yale New Haven Health and Yale University School of Medicine. MCIC’s primary mission is to provide its Subscribers with a long-term, stable and cost effective source of medical professional and general liability insurance coverage that meets its Subscribers’ insurance needs for health care delivery and medical education. MCIC’s goal is to be the leading medical malpractice (captive) insurer by operating at a “best practice” and “best-in-class” level in all the traditional functional areas of insurance company operations. MCIC’s origins date back more than three decades to the formation of The Medical Centre Insurance Company, Ltd., a Bermuda based captive insurance company which commenced operations July 1, 1978, and which provided its Shareholders with insurance for their medical professional and general liability exposures. Today, MCIC insures its Subscribers and certain of their affiliates across all of their campuses which include more than sixteen hospitals and 375 separate locations in seven states. MCIC currently insures more than 12,000 physicians, over 50,000 individual employees, and generates nearly $300 million in annual written premium.