Presque Isle and Portland, ME (CompNewsNetwork) - MMG Insurance and workers' compensation specialist MEMIC have announced a product affiliation that will give business owners in New Hampshire and Pennsylvania the opportunity to obtain complete business coverage from the two respected regional insurers.
As a result of the agreement, the two companies will work with each other's agency force to team up on a full range of business insurance products from MMG along with workers' compensation from MEMIC.
“We're delighted to be starting an affiliation with such a quality partner as MMG,” said MEMIC Senior Vice President for Underwriting Donald V. Hale, Jr. “Together with our great product in workers' compensation – with its strong service-oriented component – we believe that this partnership will provide business owners in New Hampshire and Pennsylvania with a high quality, convenient option for handling all of their commercial lines insurance. And we have confidence that our agency partners will find that this is a great benefit as well.”
“MMG looks forward to the many benefits this affiliation will bring to its Agents and Policyholders” said Matt McHatten, Senior Vice President of External Operations. “Growing commercial lines remains a high priority in our strategic vision. Not only does the affiliation with MEMIC bring the ability to provide a workers' compensation solution, it also creates alignment with a partner representing similar values of stability, exceptional customer service, and industry expertise. To say the least, we're very excited about the resulting opportunities.”
The MEMIC coverage will be offered through its MEMIC Indemnity Company subsidiary, which is domiciled in Manchester, NH. The affiliation will be available for new business effective January 1, 2010 and is available for policyholders with workers' compensation premium of no less than $750 annually.
Agents who are already contracted and appointed with both companies in these states are eligible to begin participating in the affiliation immediately. Any MMG New Hampshire and Pennsylvania agents not currently appointed by MEMIC will be appointed in December, 2009.
About MMG Insurance MMG Insurance Company is a progressive, regional property/casualty insurance company that carries an A.M. Best A- (Excellent) rating. MMG provides home, auto, and commercial insurance to approximately 100,000 policyholders serviced in partnership with 135 independent agents in the states of Maine, New Hampshire, Vermont and Pennsylvania. The company is headquartered in Presque Isle, ME and also maintains regional offices in Concord, NH and Allentown, PA (opening December 2009).
About MEMIC MEMIC, a specialist in workers' compensation, insures more than 20,000 employers and their estimated 200,000 employees. Based in the Northeast, MEMIC is the leading workers' compensation insurer in Maine through Maine Employers Mutual Insurance Company which is rated A (Excellent) by A.M. Best. The company is the parent of MEMIC Indemnity Company, rated A (Excellent) by A.M. Best, with offices in Manchester, NH; Glastonbury, CT; and Albany, NY. MEMIC Indemnity Company is licensed to write workers' compensation in 45 states plus the District of Columbia.
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