Growing Multi-line Carrier Gains 12 Positions, as Demotech Reveals this Year’s Leading Multi-state Property/Casualty Insurers.
San Diego, CA – May 30, 2013 – For the sixth straight year, ICW Group has been named a Super Regional™ carrier by Demotech, Inc., the official research partner for leading industry publication – Insurance Journal magazine. Since 1985, Demotech has been providing independent financial stability ratings of property / casualty insurers. The criteria for Super Regional P/C Insurers™ was established by Demotech, Inc. in 2007.
Quantitative analysis of year-end 2012 data, as well as a refined classification system, led Demotech to narrow the list, and identify just 161 as Super Regional out of nearly 3,000 companies considered.
Ranked 44th, ICW Group moved up 12 positions over last year, and over the past 2 years, the company has moved up 23 positions! ICW Group was selected as a Super Regional™ based on multiple performance metrics, including broad geographic coverage, multi-line capabilities and strong financial performance.
The full report appeared as the cover story in the May 6th issue of Insurance Journal magazine. In the report Joseph Petrelli, president of Demotech, stated:
“Super Regional insurers are critically important to the insurance industry and to their agents, producers and insureds. These companies are strong, stable markets that work hard for their agents, insureds as well as their reinsurers.”
Read the complete article from Insurance Journal magazine: 2013 Super Regional P/C Insurers.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting over $3 billion annually, ICW Group represents a group of Property, Auto and Workers’ Compensation 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. ICW Group continues to be committed to meeting the needs of its policyholders and elevating the trusted agents and brokers who advise them. More information is available at www.icwgroup.com.
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