Anniversary Marked with Continued Growth and Community Impact
SAN DIEGO (July 7, 2022) — ICW Group Insurance Companies, a leading group of property and casualty carriers, celebrates 50 years of financial strength, stability and consistent growth within the P&C insurance industry.
Founded by businessman and philanthropist Ernest Rady, ICW Group opened its doors in San Diego, Calif., with just a few employees and a vision to become a top-tier, multi-line insurance carrier. Today, the company, still based in San Diego, has more than 1,000 employees at offices nationwide serving, policyholders across hundreds of industries.
“To see how far we’ve come in a relatively short time fills me with tremendous pride,” said Kevin Prior, president and CEO of ICW Group, who has been with the company for more than 30 years. “The pride I have for this milestone is exceeded only by my excitement for the future. We’ve got aggressive expansion plans in the works and a team of highly skilled employees focused on fulfilling our mission to ‘create the best insurance experience possible’ for our policyholders and agent partners.”
Prior adds, the success experienced over the years, coupled with a deep-rooted commitment to philanthropy established by founder and Board Chair Rady, has afforded ICW Group the opportunity to make significant impacts in the communities where they operate.
“Together, through numerous annual giving campaigns, ICW Group and our Team Members have donated over $2 million to San Diego-based non-profit Promises2Kids and other regional charities,” said Prior. “Through our Team Member matching donation program, ICW Group continues to help these wonderful organizations support our at-risk youth and give children a brighter future.”
This is on top of ICW Group’s family’s charitable commitments, which exceed $600 million through Evelyn and Ernest Rady’s generous contributions over the years and the 46,000 job-related volunteer hours logged by Team Members across the country since 2017. The company also has the unique distinction of having 98.5 percent of its shares earmarked to go into a charitable trust for the benefit of charitable causes.
ICW Group’s future growth plans include expanding its lines of business, providing more unique value-added service offerings, and investing in new innovative technologies. The company is preparing to launch its commercial package business later this year, adding to its already strong workers’ compensation, commercial earthquake, and assumed reassurance businesses.
“We couldn’t be more excited about the next 50 years at ICW Group and all of the opportunities they will bring for our business, our team members, and our communities,” adds Prior.
To view ICW Group’s history, see its 50th Anniversary timeline.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3.5 billion annually, ICW Group represents a group of Workers’ Compensation, Assumed Reinsurance and Catastrophe 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 on ICW Group’s Twitter, LinkedIn and Facebook pages.