Company Facts and History

Overview

Name: Amica Mutual Insurance Company

Headquarters: 100 Amica Way, Lincoln, RI

Established: 1907 – Amica is the oldest mutual insurer of automobiles in the United States.

Company Profile: Amica is a direct writer of personal insurance with auto, homeowners, personal excess liability and marine coverages. The company is known in the insurance industry for its financial strength and exceptional customer service.

Senior Officer: Robert A. DiMuccio, chairman, president and chief executive officer

Ratings

  • A+ (Superior) from A.M. Best Company as of Jan. 24, 2019*
  • Repeatedly recognized for exceptional service in auto and homeowners insurance surveys by a leading consumer publication.

Financial Strength

Assets as of Dec. 31, 2018 – $5.4 billion
Policy counts as of Dec. 31, 2018 – 1.6 million

Subsidiaries

Amica Life Insurance Company – Directly offers life insurance and annuity products. Also offers some health and specialty products (through Amica General Agency and on a direct-referral basis), which vary by state. It does business in all states except for Hawaii. Chartered in 1969.

Amica Property and Casualty Insurance Company – A wholly owned subsidiary of Amica Mutual Insurance Company that provides auto insurance in selected states around the country.

Amica General Agency, LLC. – A wholly owned subsidiary of Amica Mutual Insurance Company established to assist with special or unique insurance needs. Incorporated in 1987.

Our History

1907 - The Automobile Mutual Insurance Company of America was founded in Providence by A.T. Vigneron. It offered automotive, fire and theft insurance.

1914 - The Factory Mutual Liability Insurance Company of America was chartered for the purpose of providing liability insurance to Automobile Mutual policyholders.

1941 - The company opened its first branch office in Boston.

1956 - The company began issuing homeowners insurance in 1956. It later added marine and personal excess liability insurance.

1970 - Amica Life Insurance Company wrote its first policy.

1973 - Automobile Mutual and Factory Mutual merged to form a more efficient corporate identity.

1994 - Amica's corporate offices moved from Providence to Lincoln, RI.

2005 - Robert A. DiMuccio was elected Amica's president and chief executive officer. The title of chairman was added in 2008.

2007 -  Amica celebrated its 100th anniversary.

2014 -  Amica has 44 offices across the country and thrives as the oldest mutual insurer of automobiles in the United States.

 

*A.M. Best Company. Jan. 24, 2019. For the latest rating, access ​ambest.com​.