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Church Mutual acquires insurance operations in Pennsylvania
Church Mutual Insurance Company (CMIC), the nation's largest insurer of religious organizations, completed on June 1, 2016, its acquisition of School Boards Insurance Company of Pennsylvania, Inc. (SBIC), and School Claims Services, LLC (SCS).
The acquisition allows SBIC, SCS and Merrill, Wisconsin-based CMIC to deepen their financial strength, expertise and commitments to their communities. The companies, aligned in their missions to protect the greater good, enjoy the endorsement of the Pennsylvania School Boards Association (PSBA).
CMIC had announced in October 2015 its intent to acquire SBIC and SCS, both based in Mechanicsburg, Pennsylvania, to expand its reach in the public schools market.
“This is a monumental day in Church Mutual’s history and we are excited to expand our financial strength and stability to two companies that closely align with our values,” said Rich Poirier, CEO of CMIC. “Today, we open the doors to the first day of our shared journey.”
ABOUT CHURCH MUTUAL INSURANCE COMPANY
Church Mutual Insurance Company, founded in 1897, offers specialized insurance for religious organizations of all denominations, as well as schools, camps, denominational offices and senior living facilities. CMIC markets most lines of commercial property and liability insurance, including multi-peril, workers’ compensation and commercial auto insurance. CMIC holds the following honors:
- A.M. Best Company “A (Excellent)” rating
- 2015 Ward’s 50 Top Performing Property and Casualty Insurers
- BenchmarkPortal Top 10 National Customer Service Center
TO LEARN MORE
Click here to view a press release on the acquisition.
For media inquiries, contact Amy Kimmes, marketing communication consultant, at 715-539-4529 or email@example.com.
ABOUT SBIC OF PA
The company’s mission is to provide property, casualty and other insurance coverages and services needed by Pennsylvania public schools and related entities.
School Claims Services, LLC, created for the benefit of public schools, has dedicated itself to setting the standard for the delivery of claims and risk management services, as well as employee benefit type programs.