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Meadowbrook: 1955 - 2009...Over 55 years of Service

 

1955

Initially established as an insurance agency in Oak Park, Michigan.
1960 Meadowbrook Agency begins specializing in offering programs for trade groups and associations.
1974 We began banding together small to medium-size insureds and provided them with the advantages of risk sharing, and entering the new era of "alternative risk" and captives.
1976 Formed our first captive in Bermuda.
1979 Began building back-room service capabilities including underwriting, policy administration, full claims administration, loss control, actuarial and reinsurance, compliance and captive management.
1985 Formed our first insurance carrier, Star Insurance Company. Star is now licensed and admitted in all 50 states.
1990 Acquired Savers Property & Casualty Insurance Company.
1994 Formed American Indemnity Insurance Company, Ltd., an offshore rent-a-captive facility.
1995 Meadowbrook goes public on the New York Stock Exchange, trading under the symbol "MIG".
1996 Acquired Association Self Insurance Services, Inc.; an Alabama based program administrator.
1997 Acquired Williamsburg National Insurance Company, Crest Financial Corp., and Commercial Carriers Insurance Agency, Inc.
1998 Acquired Ameritrust Insurance Corporation and Florida Preferred Administrators, Inc.
1999 Acquired the business of TPA Associates, a wholesale operation based in Massachusetts and Tennessee.
2002 Completed a $61.3 million secondary public offering.
2003-5 Raised $53.3 million from junior subordinated and senior debentures.
2005 Acquired the business of Insurance & Benefits Consultants, a Florida based agency specializing in health and benefits insurance.
2007 Acquired the business of USSU, an excess workers' compensation wholesaler in the self-insurance industry.
2007 Completed a $62.1 million equity offering.
2008 Completed merger with ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance holding company and its subsidiaries.

Meadowbrook: 1955 - 2009

Over 55 years in the business has taught us a lot about servicing the needs of our clients.