ICW Group Insurance Companies, the largest privately held insurance company domiciled in California, has announced that it has begun writing workers’ compensation insurance in five new states: Iowa, Kentucky, Maryland, Minnesota and Missouri.
“ICW Group is excited to offer a more competitive work comp option for Midwest and Mid-Atlantic agents and brokers,” said Kevin Prior, ICW Group president and CEO. “Our expansion provides agents the opportunity to deliver their clients ICW Group’s hallmark of excellence and affordability. They can also capitalize on our recently expanded underwriting appetite that includes new lower minimum premium requirements across hundreds of top class codes.”
In order to oversee the additional states, the company has expanded the scope of two of its territory managers. Keith Guccione, head of the company’s Midwest region, will oversee Iowa, Kentucky, Minnesota and Missouri. Beverly Bisazza, head of the Northeast region, will oversee Maryland.
ICW Group has seen significant growth in recent years. Since 2012, rating agency A.M. Best has ranked ICW Group first among the top 20 largest US workers’ comp carriers in cumulative direct written premium growth. Last year the company’s workers’ comp line moved up to fifth place in California and 17th nationwide.
