SYRACUSE, New York (April 5, 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 Bruce Wichmann, President, Haylor, Freyer & Coon, Inc., out of Syracuse, New York. Acadia Insurance has been working with this employee-owned agency since March 1, 2003.
“The reality is insurance is a relationship business, and the agency/carrier partnership is an essential aspect of this industry,” Wichmann said. “Acadia listens with an understanding of this New York market. They adapt and respond to whatever our needs might be, and we can go to them for any type of risk.”
Wichmann commented on how the industry is ever-changing, but the relationships within the business have stayed the same. “There’s a lot of value within the Berkley franchise because it’s a national brand that brings this unique, local approach through its people that are literally right across the street from us.”
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.