American Modern Insurance Group
From Wikipedia, the free encyclopedia
American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and motorcycles. They also provide pet insurance.[1] Among its companies is American Family Home Insurance Company, but it is not affiliated with the mutual insurance company American Family Insurance.
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Industry | Specialty Personal Insurance |
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Founded | Initial Insurance Companies in 1965 |
Headquarters | Batavia Township, Ohio, USA (Amelia mailing address) |
Area served | Nationwide |
Key people | Andreas Kleiner (CEO) René Gobonya (CFO), Kevin Morreale (Sales) |
Revenue | $1.42B (2015) |
Number of employees | 1,400 (March 2015) |
Parent | Munich Re |
Website | www.amig.com |
The company also serves the commercial insurance needs of landlords, as well as of dealers and communities within the manufactured housing market. It also provides services and products to protect lender interests, including mortgage fire, debt cancellation, vendors single interest, collateral protection insurance, renters insurance, credit life and flood insurance.
The company's two initial insurance companies were founded in 1965 in Cincinnati, OH. Collectively, the insurance companies of American Modern Insurance Group are licensed to do business in all states.
American Modern's ultimate parent is Munich Re, one of the 100 largest companies in the world in annual revenue. It is part of Munich Re's primary insurance operations in the United States.[2]