Ron Hallenbeck, who has served as president of Des Moines, Iowa-based EMC Reinsurance Co. for nearly 22 years, is retiring on Aug. 19. Vicki Freese, assistant reinsurance manager, will assume the position of president of EMC Reinsurance upon Hallenbeck’s retirement.
Hallenbeck has been with EMC Insurance Companies for more than 42 years. When he took over as president of EMC Re in 1994, it was licensed in 11 states with business concentrated in domestic property lines. EMC Re was rated “B+” by A.M. Best with premiums earned of $37 million and approximately $25 million in statutory surplus. During his tenure, Hallenbeck was able to stabilize and grow the business into an “A” A.M. Best rated insurer. The company now has a statutory surplus of over $190 million and an average combined ratio of approximately 94 percent over the last 10 years.
Freese has been with EMC for nearly 40 years and in reinsurance for about 30 of those. She has significant reinsurance underwriting expertise on domestic and international reinsurance programs, and on all lines of business. She has earned her CPCU and ARe designations. Freese is currently assistant vice president of Employers Mutual Casualty Co. and vice president/secretary of EMC Reinsurance Co. She will continue to serve on the board of directors.
Source: EMC Insurance Cos.
Topics Reinsurance
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