BEL AIR, Md., March 2, 2023 /PRNewswire/ — Harford Mutual Insurance Group, a Ward’s 50® top-performing commercial property and casualty insurance company headquartered in Maryland, announces its plan with ClearPath Mutual Insurance Company, ClearPath Mutual Insurance Company to merge. a monoline labor compensation company in Louisville, Kentucky.
“We continually seek opportunities that complement our strategic objectives and provide our policyholders and independent representatives with the products and services they need,” said Steve Linkous, President and CEO of Harford Mutual Insurance Group (HMIG). “ClearPath Mutual perfectly complements our product offering while accelerating our geographic diversification plans. We look forward to welcoming ClearPath’s employees, agents and policyholders to HMIG as we realize our shared vision of being an airline of choice.”
ClearPath Mutual, formerly KESA of Kentucky for over 40 years, was founded in 2018 and currently provides monoline workers’ compensation coverage in Indiana, Kentucky, Georgia, Tennessee and West Virginia. Through an independent agency presence and relationships with local chambers of commerce and associations, ClearPath has grown to write over $52 million in direct premiums written across nearly 7,000 policies. ClearPath will continue to operate under its corporate name and the Louisville, Kentucky office will remain in place and serve as HMIG’s Midwest regional office.
“Since 2018, the mission of ClearPath’s board and leadership has been to find a path to sustained success. We are financially strong and committed to the communities we serve,” said Jeff Borkowski, President and CEO of ClearPath Mutual. “This combination with Harford Mutual Insurance Group will provide us with the scalable infrastructure and regional reach to achieve our strategic goals of providing our policyholders with workers’ compensation insurance at the heart of the community.”
The transaction is expected to close once customary reviews and approvals have been received.
About Harford Mutual Insurance Group
Founded in 1842 in Harford County, Maryland, Harford Mutual Insurance Group provides commercial property and casualty insurance products and services to a regional market. Harford Mutual is a top-performing insurance company on Ward’s 50® ending 2022 with $327 million in direct premiums written through nearly 450 independent agents in Delaware, Maryland, New Jersey, Pennsylvania, North Carolina, South Carolina, Georgia, Tennessee , Virginia and Washington, DC Harford Mutual contributed nearly $490,000 to support the community in 2022. Harford Mutual is rated A (excellent) by AM Best, the leading rating agency for the global insurance industry. Visit www.HarfordMutual.com for more information.
For more information, visit https://www.harfordmutual.com/better-together-announcement/
CLEARPATH MEDIA CONTACT:
MUTUAL HARFORD CONTACT:
Stacey A Rebbert
AVP, Marketing & Corporate Communications
SOURCE Harford Mutual Insurance Group