Employers Mutual Casualty Company (EMCC) was organized in 1911 to write workers’ compensation protection in Iowa. “We are committed to the success of the independent agent channel and are excited to work with EMC agents throughout this transfer to provide customers with a smooth transition.”ĮMC Insurance Companies is among the top 50 insurance organizations in the country based on net written premium, with more than 2,500 employees. “We are pleased to have been selected by EMC for our industry-leading approach to book transfers, which combines excellent products and technology with an agent-first culture,” said Gary Fischer, Senior Vice President of IA Channel Growth and Engagement at Safeco Insurance. The company has developed similar agreements with other insurers in the past few years given Safeco’s book transfer expertise and high levels of satisfaction for personal lines among independent agents. “We are focused on maximizing profit and growth potential and believe that can best be accomplished by further strengthening and expanding our commercial lines.”Īs one of the country’s leading personal lines insurers, Safeco is no stranger to this type of arrangement. Kelley, President and CEO of EMC Insurance Companies. This is a decision we made with careful, strategic consideration given our long history in the business,” said Bruce G. “The personal lines marketplace is highly competitive and has evolved significantly since we first entered it back in the 1950s. The agreement with Safeco will also allow EMC to provide a smooth transition for personal lines policyholders, and the independent agents in 23 states they currently utilize to sell and service personal lines policies. This agreement is a result of Des Moines-based EMC making a strategic decision to dedicate more time and resources to its commercial, reinsurance and life businesses across 43 states, which accounts for more than 90 percent of the company’s current premiums. (DES MOINES, Iowa) – EMC Insurance Companies (“EMC”) announced today they have entered into an agreement with Safeco Insurance (“Safeco”), a Liberty Mutual Company, to provide EMC-licensed agents an opportunity to transition their EMC personal lines policies to Safeco beginning in the first quarter of 2019. (Nasdaq:EMCI) and its parent company Employers Mutual Casualty Company (EMCC) and their subsidiary and affiliated insurance companies (collectively “EMC Insurance Companies ®” or “EMC”) is issuing the following news release.ĮMC Insurance Companies ® Enters into an Agreement with Safeco Insurance ® for Transition of Personal Lines Business 29, 2018 (GLOBE NEWSWIRE) - EMC Insurance Group Inc.
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