BUCYRUS, OH (CRAWFORD COUNTY NOW)—The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced today.
“Ohio Mutual is pleased to officially welcome the agents, members, and associates of Gem State,” said Mark C. Russell, Ohio Mutual President & CEO. “We are grateful for the collaboration and dedication that made this milestone possible, and we look forward to building on Gem State’s proud legacy as we create new opportunities together.”
The organization plans to add new products and additional benefits to members in the Idaho market to round out the product lines previously offered by Gem State. Products will continue to be marketed under the Gem State Insurance name, and will soon feature updated visual branding.
The boards of directors for both organizations voted in April to approve the transaction, and the merger was approved by Gem State policyholders in July. As a result of the merger, Gem State Insurance has been redomesticated to Ohio and joins Ohio Mutual’s family of companies: Ohio Mutual Insurance Company, United Ohio Insurance Company, Casco Indemnity Company, and United Mutual Insurance Company – all entities of holding company Ohio Mutual Insurance Group, Inc.
The transaction with Gem State adds nearly 13,000 policyholders across Idaho and more than 60 independent agencies to Ohio Mutual Insurance Group, Inc.
“As we begin this next chapter together, our focus remains on delivering exceptional service while honoring the relationships and values that have historically defined both organizations,” added Russell.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, OH, partners with nearly 600 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, Vermont, Wisconsin, and now Idaho. Ohio Mutual has maintained a rating of “A / Stable” from A.M. Best Co. for 33 consecutive years, and has been named to the “Ward’s 50” nine times since 2009.
Additional company information is available at www.omig.com.
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