Explorer’s Parent Company, ICW Group, Named 2012 Super Regional Property / Casualty Insurer™
San Diego, CA – May 24, 2012 – ICW Group has again 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 2011 data, as well as a refined classification system, led Demotech to narrow the identified companies to only 155 as Super Regional out of nearly 3,000 companies considered.
Ranked 56th, ICW Group moved up 11 positions over last year. The company 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 7th 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: 2012 Super Regional P/C Insurers.
About Explorer Insurance Company
Explorer Insurance Company offers private passenger auto insurance in California, exclusively through independent agents and brokers. Explorer is a member company of ICW Group, a group of multi-line property and casualty insurance carriers that provide workers’ compensation, earthquake, and personal auto insurance. Explorer is headquartered in Santa Clarita, California. Explorer continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and brokers and the people and companies they serve. More information is available at www.explorer-insurance.com.
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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