MARIETTA, Pa., Sept. 10, 2018 (GLOBE NEWSWIRE) — Donegal Mutual Allowance Aggregation today appear that it, forth with several of its affiliated allowance companies (collectively, “Donegal”), is departure the claimed curve business in the states of Alabama, Maine, Nebraska, New Hampshire, North Carolina, South Carolina and South Dakota. Donegal has entered into an acceding with Safeco Insurance, a Liberty Mutual Company, (“Safeco”) to accommodate Donegal’s absolute agents in those states a acute advantage for transitioning their Donegal policyholders to Safeco.
Donegal wrote about $25.0 actor of claimed curve premiums in the seven states in 2017, apery about 2.6% of its all-embracing exceptional writings.
“While we are actively gluttonous advance in our bartering curve of business throughout our operating regions, Donegal additionally charcoal absolutely committed to advancement and accretion our claimed curve of business in markets area we accept acceptable calibration and advance of accident to accomplish profitability. This alteration represents an befalling for us to avenue seven states area we accept been clumsy to accomplish that cold and to accredit us to focus our efforts on our claimed curve operations in added states,” said Kevin G. Burke, President and Chief Executive Officer of Donegal Mutual Allowance Aggregation and Donegal Group Inc. “We are admiring to accomplice with Safeco to accommodate an another for our absolute agents and claimed curve barter in these seven states, area we plan to abide growing our bartering curve exceptional writings.”
“Safeco is committed to the success of absolute agents, and we are aflame to accomplice with Donegal to accord their absolute agents an befalling to body their affiliation with Safeco,” said Gary Fischer, Senior Vice President of Distribution Strategy and Operations Support at Safeco Insurance. “Safeco’s avant-garde access to book alteration leverages our arch articles and casework to advice absolute agents abound their business while accouterment their barter with a seamless experience.”
About Donegal Allowance Group:
Donegal Mutual Allowance Company, in business back 1889, and the allowance subsidiaries of Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) conduct business calm as the Donegal Allowance Group. The Donegal Allowance Group offers acreage and blow allowance in 22 Mid-Atlantic, Midwestern, New England and Southern states. Donegal Mutual Allowance Aggregation and its allowance subsidiaries additionally action bartering acreage and blow curve of allowance in four Southwestern states. The Donegal Allowance Group has an A.M. Best appraisement of A (Excellent).
For added advice about the Donegal Allowance Group, go to www.donegalgroup.com.
About Safeco Insurance:
In business back 1923 and based in Boston, Mass., Safeco Allowance sells claimed automobile, homeowners and specialty articles through a arrangement of added than 10,000 absolute allowance agencies throughout the United States. Safeco is a Liberty Mutual Allowance company.
In business back 1912, and headquartered in Boston, Mass., Liberty Mutual Allowance is a arch all-around insurer with operations in 30 countries about the world. Liberty Mutual is the third better acreage and blow insurer in the U.S. based on 2017 absolute accounting exceptional abstracts as appear by the National Association of Allowance Commissioners. The Aggregation additionally ranks 68th on the Fortune 100 account of better corporations in the U.S. based on 2017 revenue. As of December 31, 2017, it had $39.4 billion in anniversary circumscribed revenue.
For added advice about Safeco Insurance, go to www.Safeco.com.
Jeffrey D. MillerExecutive Vice President & Chief Financial OfficerPhone: (717) 426-1931E-mail: email@example.com
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