Chiropractic malpractice insurance company NCMIC has named Mike McCoy as CEO, effective April 18.

CEO Patrick McNerney will retire but will join the board of directors of the NCMIC Group Inc.

NCMIC has grown under McNerney and now serves close to 60,000 health care providers, other professionals, businesses and families through its malpractice insurance, business and personal insurance, equipment loans, working capital loans, merchant processing, business credit cards and premium financing offerings.

McCoy is the founder and principal of Exponential LLC. Previously, he was CEO of SpendSmart Payments Co. He also has worked as president of Wells Fargo Consumer Credit Cards.

"Mike's wealth of experience, his diverse background in financial services and insurance, as well as his outstanding performance record made him the logical and unanimous choice," Wayne Wolfson, NCMIC president, said in a statement. "We are looking forward to NCMIC's continued growth and expansion under Mike's leadership."