The Motorists Insurance Group, based in Columbus, Ohio, announced it recorded a strong performance in 2015, which included underwriting profits across all lines, $729 million in direct written premium, and a combined ratio of 98.8 percent. The group released its year-end results on April 25.
The group’s A (Excellent) rating has been affirmed by A.M. Best. The company said Best praised its strong agency partnerships, customer-responsive claims service and rapidly developing technology platform.
“We are in a position of financial strength that ensures we can deliver on our promises to policyholders,” said Motorists President and CEO David L. Kaufman.
At year-end 2015, Motorists Mutual, the largest affiliate of the group by premium volume, reported $441 million in direct written premium and a combined ratio of 99.2 percent.
Motorists Mutual reported that three board directors have been re-elected, each for a three-year term:
- Yvette McGee Brown, partner, Jones Day
- Sandra W. Harbrecht, president and CEO, Paul Werth Associates
- Dennis B. Sullivan, chairman and CEO, The Nolan Company
- Michael L. Wiseman, retired treasurer, The Motorists Insurance Group
The company also has honored Morgan Johnson, a sophomore at the University of Wisconsin, with its the 2016 Cameron E. Williams Memorial Scholarship. She is a finance and economics major with an emphasis in actuarial science and risk management with a 3.8 GPA.
After excelling in math in high school, a teacher approached her about a career as an actuary. She did research on the profession and found it was a path she wanted to pursue.
Johnson is a member of the Gamma Iota Sigma Fraternity and will take on a leadership position as vice president in the fall. She has been on the Dean’s List for two out of three semesters and was selected to join Alpha Lambda Delta during her freshman year. She currently serves as vice president of the organization.
Established in 2005 with funds contributed by the family of Mr. Williams and The Motorists Insurance Group, the Cameron E. Williams Memorial Scholarship assists a college student each year who is actively seeking a career in risk management, insurance or an insurance-related field.
Source: Motorists Insurance Group,
Topics Profit Loss
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