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<\/p>\nSafeco Insurance, a Boston-based Liberty Mutual Insurance company, said it has entered into a book transfer agreement with Columbia Insurance Group, a Central and Midwest regional carrier.<\/p>\n
Under the agreement, mutual insurer Columbia will transfer its entire personal auto and umbrella lines business in eight states to Safeco, effective for renewals beginning January 1, 2025. Safeco will expand its agency footprint and customer base in Arkansas, Illinois, Iowa, Kansas, Missouri, Nebraska, Oklahoma and South Dakota.<\/p>\n
Personal auto made up about 11% of Columbia Insurance Group\u2019s direct premiums written in 2023, according to AM Best, who has given the insurer a financial strength rating of A- (Excellent).<\/p>\n
\u201cThis agreement is a valuable opportunity to grow business across the region and we welcome Columbia agents and customers to Safeco,\u201d said Luke Bills, president of independent agent distribution, US Retail Markets, Liberty Mutual Insurance.<\/p>\n Columbia\u2019s Keith Maciejewski, chief underwriting officer said it was a difficult decision to exit personal lines. He said the Columbia, Missouri-based carrier founded in 1889 will focus exclusively on commercial solutions going forward. According to its website, Columbia serves industries such as auto repair shops, contractors, restaurants, professional services, retailers, and warehouses.<\/p>\n \u201cColumbia remains committed to enabling a smooth transition even as we enhance our focus on providing industry leading service for our agents and commercial policyholders,\u201d Maciejewski said.<\/p>\n Topics<\/span> Auto<\/a> Personal Auto<\/a> <\/p>\n<\/p><\/div>\n Was this article valuable?<\/p>\n<\/p><\/div>\n![](\"https:\/\/www.insurancejournal.com\/app\/uploads\/2024\/09\/Columbia-Insurance-logo-300x131.png\"){kind=logo}
<\/a>Safeco said a majority of Columbia agents currently having Safeco appointments, and those who do not will be given the opportunity to apply.<\/p>\n