EMC Insurance Companies is among the top 60 insurance organizations in the country based on net written premium, with assets over $3 billion and more than 2,100 employees. Alliance Insurance is located at 2120 16th Street in Great Bend or 523 Broadway in Larned. You can visit with Cassidy Smith, Mike Carlson, Ken Schwamborn, Liz Praeger, Becky Breeding, Ashley Staggs or Polly Baier about your insurance needs. Alliance Insurance employs 7 full time agents. The agency represents many insurance carriers which allows them to offer their customers a wide variety of choices. Alliance Insurance is an independent insurance agency that began in Great Bend in 1978. Agencies are evaluated on loss ratio, premium volume, policy and premium growth, policy and premium retention and the position of EMC within the agency. “As an independent insurance agency, we represent multiple national insurance carriers, and it’s a real honor to be recognized by EMC for our agency’s accomplishments.” EMC developed its signature Agency Performance Value (APV) tool to measure an agency’s performance against all other EMC agencies. “We are privileged to be chosen as an EMC Premier Partner,” says Alliance Insurance owner Cody Smith. Alliance Insurance placed in the top two percent of all EMC agencies nationally, based on key indicators such as customer retention, profitability and growth over a three-year period. ALL RIGHTS RESERVED.Alliance Insurance of Great Bend is one of the highest-performing EMC Insurance Companies agency partners in the country and has been named a 2012 EMC Premier Partner. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. ĪM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. This press release relates to Credit Ratings that have been published on AM Best’s website. In addition, the recent announcement that EMC Re will be exiting the assumed reinsurance business in 2023 leaves a very limited business profile. This has hampered EMC Re’s net profitability and overall operating performance. The downgrade of EMC Re’s Long Term ICR reflects the significant volatility in underwriting performance in recent years, due to increasing losses from catastrophic weather events both domestically and internationally. The ratings reflect EMC Re’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, very limited business profile and appropriate enterprise risk management. The ratings of the members of EMC Insurance Companies and EMC National Life Company remain unchanged. Concurrently, AM Best has withdrawn these ratings as the company’s management has requested to remove this entity from AM Best’s interactive rating process. The outlook of these Credit Ratings (ratings) has been revised to stable from negative. OLDWICK, N.J.-( BUSINESS WIRE)- AM Best has downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a” (Excellent) of EMC Reinsurance Company (EMC Re) (Des Moines, IA).
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