Reinsurance
Company Profile
EMC Insurance Companies has been writing reinsurance since 1957; EMC
Reinsurance Company (EMC Re) was formed in 1981.
EMC Re does business with approximately 20 reinsurance intermediaries and has long-term relationships with several pool facilities. Most of the company’s reinsurance business is in domestic U.S. companies; 6 percent of the book of business is international. EMC Re is rated “A- Excellent” by A.M. Best Company.
Currently, all voluntary reinsurance is ceded to EMC Re through an internal quota share agreement. Guideline maximum per program is $1,500,000 (plus) on “quality accounts.”
EMC Re is wholly owned by EMC Insurance Group Inc., a holding company whose common stock trades on the NASDAQ National Market tier of The NASDAQ Stock Market under the symbol EMCI.
| Current Business Split (net written premium $92 million) |
|
|---|---|
| Property excess | 30% |
| Property pro rata | 27% |
| Casualty | 22% |
| Crop | 4% |
| International | 6% |
| Marine | 10% |
| Other | 1% |
| Historical Combined Trade Ratio | ||
|---|---|---|
| EMC Reinsurance Company | Professional Reinsurers | |
| Dec. 2005 | 91.1% | 129.4% |
| Dec. 2004 | 92.2% | 104.8% |
| Dec. 2003 | 91.9% | 100.5% |
| Dec. 2002 | 102.3% | 121.3% |
| Dec. 2001 | 117.8% | 142.9% |
| Dec. 2000 | 115.9% | 114.6% |
- EMC Reinsurance Management
- Ron Hallenbeck, President, EMC Re and EMCC Vice President
- Vicki Freese, Assistant Department Manager
- Howard Garnett, Marketing Manager
- Angela Baughman, Accounting Manager
- Sandy Heckart, Claims Supervisor
- Contact Us
- EMC Reinsurance Company
- 717 Mulberry Street
- Des Moines, IA 50309
- Phone: 515-345-2904
- Fax: 515-345-2716
Ron Hallenbeck, President, EMC Reinsurance
