Harford Mutual Insurance Group, a commercial P/C insurer, has announced plans to merge with ClearPath Mutual Insurance Company, an exclusive employment insurer.
Steve Linkous, president and chief executive officer of Harford Mutual Insurance Group (HMIG), said: “We are constantly looking for opportunities that complement our strategic goals and offer policyholders as well. as our independent resellers of the products and services they need”. “ClearPath Mutual perfectly complements our product line while advancing our geographic diversification plans. We look forward to welcoming ClearPath employees, agents and policyholders to HMIG as we realize our shared vision of being the service provider of choice.”
ClearPath Mutual, formerly Kentucky’s KESA for over 40 years, was founded in 2018 and currently offers single-line workers’ compensation coverage in Indiana, Kentucky, Georgia, Tennessee, and West Virginia. Through an independent agent plant and relationships with local chambers of commerce and associations, ClearPath has steadily grown and recorded more than $52 million in direct written premiums on nearly 7,000 contracts. copper. ClearPath will continue to operate under its corporate name, and the Louisville, Kentucky office will remain and serve as HMIG’s Midwest Regional Office.
“As of 2018, the mission of ClearPath leadership and management is to chart the path to sustained success. We are financially strong and committed to the communities we serve,” said Jeff Borkowski, President and CEO of ClearPath Mutual. “This merger into Harford Mutual Insurance Group will provide us with scalable infrastructure and regional reach to meet our strategic goals of providing insurance coverage. workers compensation (1) community first for our policyholders.”
The transaction is expected to close after receiving the usual reviews and approvals.