Amica Mutual and Amica Life both named to the 2011 Ward’s 50 lists
LINCOLN, RI – Both Amica Mutual Insurance Co. and Amica Life Insurance Co. have been named to the 2011 Ward’s 50 top-performing insurance companies based on their financial performance over the past five years.
This is the fifth time Amica Life has made the life-health list (2006, 2008, 2009, 2010 and 2011) and the second year in a row that Amica Mutual has been named to the property-casualty list.
“'We are honored to earn this designation again this year,” said Robert A. DiMuccio, chairman, president and CEO of Amica Mutual Insurance Co. “Earning a Ward’s 50 designation means that Amica has achieved superior performance in safety, consistency and performance.”
The Ward Group, based in Cincinnati, Ohio, is a leader of benchmarking and best practices for the insurance industry. It analyzes the financial performance of thousands of insurance companies and identifies the top 50 performers in two different categories – life-health and property-casualty. These companies are referred to as the Ward's 50 top performers.
“The property-casualty and life-health industries have demonstrated the ability to manage the business very well during slow economic growth," said Jeff Rieder, president of Ward Group, in a company press release. “In selecting the Ward's 50, we identify companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results.”
Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, was founded in 1907. The company, with corporate headquarters in Lincoln, RI, is a national writer of automobile, homeowners, marine and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. Amica employs more than 3,100 people in 40 offices across the country.
CONTACT:Vince Burks, Corporate Communications, 50 Amica Way,
Lincoln, RI 02865-1155, 800-652-6422, ext. 24563
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