State Automobile Mutual announced
State Mutual Automobile Insurance Company announced today that belonging to an agreement with sponsors Mutual Group of Connecticut. Under this agreement, State Mutual Automobile assumes operational powers Patron Mutual Group, subject to approval by the regulatory authorities and members of the group boss.
“We are very pleased that our membership Patrons Mutual Group, both promoters and Litchfield Fire Insurance Companies. We welcome the State family car. After working with developers and teams Litchfield last several months, I know what cultures and operating philosophies of our companies are very similar. I am convinced that this membership benefit policyholders, staff and representatives of both groups, “commented Bob rest of pensions car State Chairman, President and CEO.” This car belonging to state benefits, improving our geographical expansion and development of a new source of profitable growth. The policy-holder and Litchfield patron access to new products and services and a strong balance sheet, while maintaining a strong local presence of people and services that meet quality, “A Restrepo said.
Patron Mutual Group President and CEO William Siclari, said: “From our first interviews, we knew that our cultures are coordinated. How does the State car, our employees are the heart of our business and our agents the blood of life. The business model both parties benefit from synergies through the provision of cars entering the state of New England and developers of technology and improving the financial strength. This connection allows sponsors and Litchfield on their potential for insurance business, agents and employees. ”
Supporters Mutual Group, headquartered in Glastonbury, Connecticut, is composed of Patron Mutual Insurance Company of Connecticut, Litchfield Mutual Fire Insurance Company, sponsor Fire Insurance Company of Rhode Island, State and provision of social insurance. Sponsors mutual group, which is currently rated B + + (Very Good) by AM Best Company, markets its personal, commercial, agricultural and Specialty Insurance products through approximately 200 independent insurance agencies in Connecticut, Massachusetts , Rhode Island and Vermont. For the year ended December 31, 2006, the company sent direct cash receipts of $ 54.0 million and assured ’surplus of $ 23.7 million.
The state self-insurance with headquarters in Columbus, Ohio, first in writing personal and commercial insurance products exclusively on nearly 3200 independent insurance agencies in 29 countries and is proud to be a Trusted Choice ® business partners. The state self-insurance automobile public Financial Corporation (NASDAQ: STFC) and State Automobile Mutual Insurance Company, which is a company just ordered 14 A + (Superior) by AM Best Company every year since 1954.
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