Member companies of both the National Association of Independent Insurers (NAII) and the Alliance of American Insurers voted Jan. 7 to merge and form a new trade association known as the Property Casualty Insurers Association of America (PCI).
The new organization, which officially begins operations Jan. 8, represents more than 1,000 member companies that write $154 billion in annual premium, about 40 percent of the property/casualty insurance sold in the United States.
Jack Ramirez, former NAII president, is the president and CEO of PCI, and Rodger Lawson, former president of the Alliance of American Insurers, will serve as executive vice president. The new organization will be headquartered in the current home office of NAII in the Chicago suburb of Des Plaines, Ill.
PCI will also maintain a federal affairs office in Washington, D.C., and a network of regional offices in Atlanta, Ga., Austin, Texas, Boston, Mass., Pittsburgh, Pa., Sacramento, Calif., Tallahassee, Fla., and Trenton, N.J.
Ramirez stressed that although PCI will have more members, the association leadership is committed to making sure that every member plays an equal and important role.
Anthony Dickson, president of New Jersey Manufacturers Insurance Cos., will serve as chairman of the board of governors of PCI. Harvey Pierce, chairman and chief executive officer of American Family Insurance Group, is the vice chairman of the new organization.
The PCI board of governors is comprised of all 60 former members of both the NAII board of governors and the Alliance board of directors. The board will appoint a committee to review the size and composition of the board and recommend changes to the corporate governance structure and procedures.
Member companies write 47.1 percent of the U.S. automobile insurance market, 37 percent of the homeowners market, 31.1percent of the commercial property and liability market, and approximately 38.8 percent of the private workers’ compensation market.
Editor’s note: Read more about the NAII/Alliance merger in the Jan. 12 issue of Insurance Journal, now available nationally. Order your free subscription now.
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