ICW Group Named to Ward’s 50 Top Performing Property & Casualty Insurance Companies for 2023
Company Earns Ninth Consecutive Recognition for Superior Results in Safety, Consistency and Financial Performance
SAN DIEGO (July 19, 2023) – ICW Group Insurance Companies, a leading group of property and casualty carriers, has been named a Ward’s 50 top-performing P&C company for 2023. This marks the ninth consecutive year and 17th time overall the multi-line insurance company has received this prestigious award.
Nearly 2,900 property-casualty insurance companies domiciled in the United States are analyzed each year to identify the industry’s top performers. Only companies that can pass financial stability requirements and demonstrate the ability to grow while maintaining strong capital positions and underwriting results achieve this recognition. ICW Group has continued to deliver superior results compared to the overall industry in safety, consistency, and financial performance over the last five years.
“On behalf of our national workforce, I am extremely proud that ICW Group has once again received this coveted award,” said John Novak, the company’s President, and Chief Operating Officer. “While we continue our strategic growth initiatives, including the addition of new product offerings for our customers, this recognition confirms ICW Group’s ability to successfully execute our expansion plans in a fiscally responsible manner. We wouldn’t be in this leadership position without the unwavering commitment of our team members along with the valuable partnerships we’ve built with our independent agent and brokers.”
In selecting the Ward’s 50 top performers, AON and Ward Benchmarking, leaders in benchmarking and professional services, identify companies that delver higher performance than their peers in such areas as return on equity, net premium and surplus growth, and lower expense to net premium ratios.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Workers’ Compensation, Assumed Reinsurance, Catastrophe, General Liability and Commercial Property insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims while elevating the trusted agents who advise them. More information is available at Twitter, LinkedIn and Facebook.