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In 2005, Meadowbrook Insurance Group celebrated its 50th year in business and enjoyed its most profitable year with a record net income of $17.9 million. Meadowbrook's president and CEO, Bob Cubbin, and Archie McIntyre, senior vice president of the business development unit, say the firm is well positioned to continue growing and prospering.
The company generates and manages over $650 million in premiums, has 23 full-service regional branch offices and employs over 650 people.
Meadowbrook owns and operates four insurance carriers plus an offshore rent-a-captive facility. The carriers are Star Insurance Company, Savers Property & Casualty Insurance Company, Williamsburg National Insurance Company and Ameritrust Insurance Corporation. The offshore (Bermuda-domiciled) rent-a-captive facility is American Indemnity Insurance Company, Ltd.
Meadowbrook focuses on small-to-mid-sized commercial property and casualty programs. "We seek niche books of specialty business from associations, specialty agents and program administrators," says McIntyre. "Our major lines of business include workers compensation, commercial package and professional liability programs.
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