Commerce Insurance Group

Last updated
Commerce Insurance Company
FormerlyCommerce Insurance Group
IndustryInsurance
Founded1972
FounderArthur J. Remillard, Jr.
Defunct2008
FateAcquired by MAPFRE S.A.
Headquarters Massachusetts
ProductsPersonal insurance
Casualty insurance
Commercial property insurance
Website commerceinsurance.com

The Commerce Insurance Company, formerly known as Commerce Insurance Group, was an American company that provided personal insurance, commercial property insurance, and casualty insurance in Massachusetts and New Hampshire. Their core product lines included personal automobile, homeowners, and commercial auto insurance.

Contents

History

Commerce Insurance was founded in 1972 by Arthur J. Remillard, Jr., as a small insurance company in the south-central Massachusetts town of Webster where the company is still located and headquartered. Remillard was the company's longtime CEO and chairman, retiring in July 2006.[ citation needed ]

In April 2007, Commerce entered the New York personal lines insurance market through its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide Insurance Company. State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York.[ citation needed ]

Acquisition

In June 2008, The Commerce Group, Inc. was acquired by MAPFRE S.A. MAPFRE is the largest insurance group in Latin America and has a presence in 43 countries, with about 51,000 agents worldwide.

Commerce also sponsors a roadside assistance program for the Massachusetts Turnpike and Mass Highway.

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