LANSING, Mich. and CONCORD, N.H., April 5, 2017 /PRNewswire/ -- Auto-Owners Insurance and Concord General Mutual Insurance announce that their affiliation has been approved effective April 1, 2017, by policyholders and all regulatory bodies.
Auto-Owners is an A.M. Best A++ (Superior) rated multi-line property and casualty insurer, operating solely through independent agencies in 26 states. Auto-Owners also owns a life company and an excess & surplus lines company.
Concord General Mutual Insurance is a leading property and casualty insurance provider through independent agencies in Vermont, Maine, New Hampshire and Massachusetts. "The combining of capabilities will allow us to expand our product and premium base and help support the Concord name in the (New England) region," said Linda Day, Concord's president and CEO.
Jeff Harrold, Auto-Owners Insurance chairman and CEO, stated, "We are excited about combining the efforts of these two groups of companies to expand our geographic reach into New England with additional products and services. Adding Concord and its affiliates to the Auto-Owners family of companies will present tremendous synergies and opportunities for growth on a superior financial platform, providing increased value to agents, their customers and our companies."
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SOURCE Auto-Owners Insurance