SOUTHFIELD, Mich., Aug. 2, 2012 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. announced today that its subsidiary, Star Insurance Company, has been named as one of the property and casualty insurance industry's top performing companies by the Ward Group. This is the Ward Group's initial recognition of Star Insurance Company as one of the top fifty property and casualty insurers in the United States for 2012.
To achieve this designation, a United States property and casualty company must satisfy certain safety and consistency screens and exhibit superior financial performance over a period of five consecutive years.
"It is an honor to receive this prestigious award," said Meadowbrook President & CEO Robert S. Cubbin. "This distinction recognizes Star Insurance Company's superior long-term performance and stability, which has been achieved through our commitment to disciplined underwriting, loss control and claims administration. We are proud to be among Ward's elite group of top performers and celebrate this achievement with our associates who have made it possible."
For an explanation of the methodology behind Ward Group's selection of companies into the 2012 Ward's 50® Companies and a complete listing of all companies named as a 2012 Ward's 50® Company, please visit www.wardinc.com.
About Meadowbrook Insurance Group
Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and seven property and casualty insurance underwriting companies, including one in Bermuda. Meadowbrook has thirty-four locations in the United States. Meadowbrook is a risk management organization, specializing in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". For further information, please visit Meadowbrook's corporate web site at www.meadowbrook.com.
Forward Looking Statements
Certain statements made by Meadowbrook Insurance Group, Inc. in this release may constitute forward-looking statements including, but not limited to, those statements that include the words "believes," "expects," "anticipates," "estimates," or similar expressions. Please refer to the Company's most recent 10-K, 10-Q, and other Securities and Exchange Commission filings for more information on risk factors. Actual results could differ materially. These forward-looking statements involve risks and uncertainties including, but not limited to the following: the frequency and severity of claims; uncertainties inherent in reserve estimates; catastrophic events; a change in the demand for, pricing of, availability or collectability of reinsurance; increased rate pressure on premiums; obtainment of certain rate increases in current market conditions; investment rate of return; changes in and adherence to insurance regulation; actions taken by regulators, rating agencies or lenders; obtainment of certain processing efficiencies; changing rates of inflation; and general economic conditions. Meadowbrook is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Meadowbrook Insurance Group, Inc.