Employees’ compensation insurance coverage supplier Omaha Nationwide has acquired Sutter Insurance coverage, a California-based insurance coverage service.
Sutter Insurance coverage might be renamed Omaha Nationwide Casualty Firm as a part of the deal.
Omaha nationwide additionally owns Omaha nationwide Insurance coverage Firm, based mostly in Nebraska.
“The acquisition of a service licensed in California, which is our largest market, is a serious step ahead in working as a nationwide full-stack service,” CEO Reagan Pufall mentioned. “Since inception, our plan has been to mix sturdy development with distinctive monetary outcomes and that’s what we’ve achieved. We’re approaching $200 million in-force premium whereas on the identical time our loss ratio, together with allotted loss adjustment bills, has been beneath 60% yearly we’ve been in operation.”
“We are actually licensed to situation insurance policies in 37 states and proceed to broaden towards nationwide protection,” Omaha Nationwide Common Counsel Jim Hempel continued. “We get pleasure from wonderful relationships with our fronting companions however writing on our personal paper instantly enhances our monetary outcomes and permits us to raised serve our policyholders and dealer companions.”
Moreover, Omaha Nationwide is now implementing Oncore Underwriting, the agency’s proprietary underwriting and coverage administration utility.
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“One in every of our core strategic ideas is that we design and develop our personal operational software program totally in-house,” said Bryan Connolly, Omaha Nationwide’s chief working officer.
“After we applied Oncore Claims in 2021 it generated exceptional enhancements in our claims outcomes, and we anticipate Oncore Underwriting to have a equally profound influence. When Oncore CRM is applied in 2025 all key features throughout the firm might be carried out inside a single proprietary utility.”
