Property and casualty insurance holding company Baldwin & Lyons has announced that it will now commence operating under its new name, Protective Insurance Corporation.
In May 2017, the company’s underwriting subsidiaries, Protective Insurance Company, Sagamore Insurance Company, and Protective Specialty Insurance Company, also rebranded under the Protective Insurance name.
Baldwin & Lyons has since decided to rebrand its own name to better align its operational and market identities in the transportation and workers’ compensation industries, the company said.
Following the announcement, Protective Insurance Corporation will also retire the BWINA and BWINB ticker symbols and immediately begin trading under its new NASDAQ ticker symbols, PTVCA and PTVCB.
“Harry Baldwin and Voris Lyons will forever be an instrumental part of our Corporation’s legacy and a key component in our storied history,” said Randy Birchfield, President & Chief Executive Officer of Protective Insurance Corporation.
“However, as we move forward, it is important for our name to reflect our future. We are forging a path that is innovative and progressive, expanding rapidly in our core competencies of transportation and workers’ compensation.
“The Protective name continues to hold meaning, as it is the first subsidiary that Harry and Voris founded in 1954. We believe it is a wonderful reminder of the past that still paves the way for an incredibly promising future.”
Headquartered in Indiana, Protective Insurance Corporation’s team of over 530 employees provide customisable insurance products and services for commercial motor carriers and workers’ compensation through their retail and program channels.