W.R. Berkley subsidiary marks milestone and celebrates its ‘Closer Coverage’ advantage
WESTBROOK, Maine (April 02, 2012) – In 1992, Acadia Insurance Company was founded as a response to the Maine Workers’ Compensation crisis. Since then, the company has grown into a leading regional property casualty insurance carrier and reliable business partner serving independent insurance agents and their business customers throughout New England and New York.
Today, Acadia Insurance employs 380 insurance professionals at six local branches located throughout its service area. Backed by the financial strength of its parent, W. R. Berkley Corporation (NYSE: WRB), Acadia Insurance is poised for additional growth and success.
“The key to Acadia’s twenty years of success in the insurance industry has been knowledge of our local markets, focus on commercial insurance and a steadfast commitment to working in close collaboration with our agency partners,” said Doug Nelson, President, Acadia Insurance. “This local model embodies our vision of ‘Closer Coverage’ as we feel a strong sense of responsibility to provide the best insurance solution to the customers in the communities we operate because that’s our community, too. We will continue to execute this approach with a trusted and true understanding of our agents and customers.”
Agents like Royce Cross, CEO, Cross Insurance, out of Bangor, Maine. Since June 3, 1992, Cross has been with Acadia every step of the way as a local independent agent.
“When you do business in Maine, the economies are small, and we don’t see many companies with a broad appetite for risk,” said Cross. “That’s exactly why I was excited when I heard a new carrier, Acadia Insurance, was being formed. Acadia fills a much-needed place in the market and caters to a diverse range of risks, such as logging and lobster boats.”
Cross added that Acadia Insurance has the capacity of a national company, yet it delivers its promise on a local level. “The relationship is right, the people are accessible and the company is always open to new ideas; Acadia truly has a bright future ahead.”
About Acadia Insurance
Acadia Insurance Group is a regional company offering commercial and specialty property casualty insurance coverages through independent insurance agents with local offices in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont. Rated A+ (Superior) by A.M. Best, Acadia Insurance is a subsidiary of W. R. Berkley Corporation (NYSE: WRB), one of the nation’s premier commercial lines property casualty insurance providers, and one of the 50 largest diversified financial companies in the United States. Please visit www.acadiainsurance.com.