TMLT names Charles R. Ott, Jr. as President and CEO

May 23, 2011

May 23, 2011

TMLT Names Charles R. Ott, Jr. as New President and CEO

Laura Brockway, communications and advertising manager

(512) 425-5936 or

The news
Austin, TX — Texas Medical Liability Trust (TMLT) is pleased to announce that Charles R. (Chip) Ott, Jr. will be assuming leadership of TMLT as president and chief executive officer in late July. Current president and CEO Bob R. Fields is retiring after 25 years with the Trust.

TMLT Chairman, Robert I. Parks, Jr., MD stated, "TMLT is very fortunate to have secured Mr. Chip Ott for its next CEO. Mr. Ott's knowledge of the medmal industry and reputation should serve our company well. We are extremely happy to welcome him into our family."

Texas Medical Liability Trust is a physician-owned, health care liability claim trust offering medical professional liability insurance products and risk management education services to Texas physicians. Created in 1979 by Texas Medical Association, TMLT currently protects more than 15,000 physicians in all specialties practicing in all areas of Texas. Headquartered in Austin, Texas, the not-for-profit Trust employs a staff of 164 and protects more Texas physicians than any other medical professional liability insurance provider in the state.

Most recently, Mr. Ott served as executive vice president at the Minneapolis, Minnesota office of Guy Carpenter and Company, LLC, a global reinsurance broker. His responsibilities included developing and executing comprehensive strategic plans for high-profile clients and prospects as well as both retention and new business generation.

Prior to joining Guy Carpenter via the acquisition of Collins Associates, Mr. Ott served as co-head of the sales and service functions for Collins. He was a member of the executive management team, the board of directors and the Collins UK board of directors. Mr. Ott earned his B.A. in 1989 at Concordia College, Moorhead, Minnesota and achieved his Associate of Reinsurance (ARe) designation in 1995.

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