American Commerce Insurance Company

Ratings: 1st Choice Auto, Commerce, Dorinco, Battle Creek, Met Life Auto & Home, Toyota

June 12, 2009 - A.M. Best Co. has affirmed the financial strength rating (FSR) of 'B++' (Good) and upgraded the issuer credit rating (ICR) to "bbb+" from "bbb" of 1st Choice Auto Insurance Company, Inc., and has...
https://www.insurancejournal.com/news/national/2009/06/12/101345.htm

Ratings: Commerce, Aspen, Med Mutual, Kodiak, Hermitage, ProAssurance, US Liability, Provident, Hereford, Polish Roman

June 16, 2008 - A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Commerce Group, its lead company, The Commerce Insurance Company, and...
https://www.insurancejournal.com/news/national/2008/06/16/91029.htm

Business Moves

June 16, 2008 - Mapfre, Commerce Spain's largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share...
https://www.insurancejournal.com/magazines/business-moves/2008/06/16/156457.htm

Ratings Roundup: Commerce, So. Carolina Farm Bureau, Employers Re, American Sterling

June 10, 2008 - Fitch Ratings has upgraded its ratings on the Massachusetts-based Commerce Group, Inc. (CGI) and its subsidiaries, and has assigned them a stable outlook: The following ratings are affected:...
https://www.insurancejournal.com/news/national/2008/06/10/90826.htm

Spain’s Mapfre Completes Acquisition of Commerce Group

June 4, 2008 - Spain's largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 in cash per share of...
https://www.insurancejournal.com/news/east/2008/06/04/90655.htm

Mass. Approves Mapfre Acquisition of Commerce Insurance

May 22, 2008 - Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish...
https://www.insurancejournal.com/news/east/2008/05/22/90271.htm

Commerce Insurance Reports Earnings Decline for 4Q, 2007

February 4, 2008 - The Commerce Group, Inc. reported 2007 fourth quarter net earnings were $19.6 million, or $0.32 per diluted share, compared to net earnings of $59.4 million or $0.87 per diluted share for 2006....
https://www.insurancejournal.com/news/east/2008/02/04/86973.htm

Spain’s Mapfre Sees Commerce as Portal to Expansion in U.S.

November 18, 2007 - Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer...
https://www.insurancejournal.com/magazines/features/2007/11/18/155126.htm

Ratings Recap: IGI, R&SA, Gerling KA, Mapfre, Alliance PSC, Lonpac, United

November 2, 2007 - Standard & Poor's Ratings Services has assigned its 'BBB' long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd....
https://www.insurancejournal.com/news/international/2007/11/02/84743.htm

Ratings Roundup: Commerce, Northwind, Harbor Point Re (US)

November 2, 2007 - Fitch Ratings has placed the following Commerce Group, Inc. (CGI) ratings and subsidiaries on Rating Watch Positive: Commerce Group, Inc. - Issuer Default Rating (IDR) at 'BBB+' - $300 million 5.95...
https://www.insurancejournal.com/news/national/2007/11/02/84744.htm

S&P Affirms Commerce, Mapfre Ratings; Few Concerns Over Merger

October 31, 2007 - Standard & Poor's Ratings Services said today that it affirmed its 'BBB' counterparty credit rating on Commerce Group Inc. and its 'A' counterparty credit and financial strength ratings on CGI's...
https://www.insurancejournal.com/news/national/2007/10/31/84679.htm

Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion

October 30, 2007 - Spain's largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in...
https://www.insurancejournal.com/news/national/2007/10/30/84650.htm

Commerce Insurance, Commerce Banc end spat, seek to partner

September 3, 2007 - The Commerce Group Inc., the property/casualty insurer based in Webster, Mass., and Commerce Banc Insurance Services of Cherry Hill, N.J., have decided to explore partnership opportunities in...
https://www.insurancejournal.com/magazines/currents/2007/09/03/83853.htm

Commerce Insurance, Commerce Banc end spat, seek to partner

September 3, 2007 - The Commerce Group Inc., the property/casualty insurer based in Webster, Mass., and Commerce Banc Insurance Services of Cherry Hill, N.J., have decided to explore partnership opportunities in...
https://www.insurancejournal.com/magazines/features/2007/09/03/154635.htm

Commerce Insurance, Commerce Banc Pursue Partnership Over Lawsuit

August 9, 2007 - The Commerce Group, Inc., a property/casualty insurer based in Webster, Mass., and Commerce Banc Insurance Services of Cherry Hill, New Jersey, report they have reached an agreement to explore...
https://www.insurancejournal.com/news/east/2007/08/09/82543.htm

Commerce Group Net Earnings Dip, Loss Ratio Rises in 2Q

July 27, 2007 - The Commerce Group, Inc. in Webster, Mass. reported 2007 second net earnings were $41.5 million, or $0.63 per diluted share, compared to net earnings of $58.6 million or $0.86 per diluted share for...
https://www.insurancejournal.com/news/east/2007/07/27/82082.htm

Business Moves

July 2, 2007 - Commerce West, Stonewood Agency The Commerce Group Inc.'s California-based subsidiary, Commerce West Insurance Co., has entered into a general agency agreement with Stonewood Insurance Services...
https://www.insurancejournal.com/magazines/business-moves/2007/07/02/154384.htm

Washington Levies Fines for Violations

June 25, 2007 - A Los Angeles insurer has been fined $100,000 for multiple violations of Washington insurance laws discovered during a market conduct examination of the company by the Washington Office of the...
https://www.insurancejournal.com/news/west/2007/06/25/81083.htm

Commerce West Signs 3-Year, $170 Million Pact with Stonewood Agency

June 18, 2007 - The Commerce Group Inc.'s California-based subsidiary, Commerce West Insurance Co., has entered into a general agency agreement with Stonewood Insurance Services Inc. of Rancho Cordova, Calif.,...
https://www.insurancejournal.com/news/west/2007/06/18/80894.htm

Commerce Completes Purchase of State-Wide; to Enter N.Y. Market

April 3, 2007 - The Commerce Group, Inc. in Webster, Mass. has completed its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide...
https://www.insurancejournal.com/news/east/2007/04/03/78430.htm