Reinsurance News
EMC Insurance Group
EMC Re names Linda Rivera as AVP, Business Intelligence
7th October 2020
EMC Reinsurance Company (EMC Re), part of EMC Insurance Companies, has announced the appointment of Linda Rivera as Assistant Vice President (AVP) - Business Intelligence, based in New York. Rivera, a seasoned reinsurance professional, brings more than 35 years of experience in underwriting, risk management, and operational efficiency to the role. She ... Read the full article
Jean to succeed Kelley as President and CEO of EMC
10th December 2019
Bruce Kelley, the President and Chief Executive Officer (CEO) of EMC Insurance Companies (EMC), has told the Employers Mutual Casualty Company (EMCC) Board of Directors that he is retiring from the company in March, 2020. Kelley has been with EMC since 1985 and has led the firm to high levels of ... Read the full article
Record catastrophe and storm losses hit EMC’s reinsurance segment in Q4
18th January 2019
EMC Insurance Group's reinsurance segment suffered a record $18.5 million of catastrophe and storm losses in the fourth-quarter of 2018, causing the firm to announce an expected net loss for the year ending December 31st, 2018. The total catastrophe loss figure is comprised of roughly $6.5 million from the Camp wildfires, ... Read the full article
EMC to continue inter-company reinsurance arrangements in 2019
14th December 2018
EMC Insurance Group Inc. and its parent organisation Employers Mutual Casualty Company have approved the continuation of last year’s inter-company reinsurance program between EMC’s reinsurance subsidiary and Employers Mutual for 2019. The terms of EMC Reinsurance Company’s 2018 program will be continued for the next calendar year, with the annual cost ... Read the full article
Reinsurance segment to assume majority of EMC’s record Q3 cat losses
18th October 2017
EMC Insurance Group Inc.'s reinsurance segment will take the majority of the firm's record third-quarter catastrophe losses of $29.4 million, which includes losses from hurricanes Harvey, Irma, and Maria, and the Mexico earthquakes. The $29.4 million sum is net of inter-company reinsurance recoveries, and includes approximately $9.9 million to its property ... Read the full article