MADISON, Wis., Jan. 7, 2009 — Capitol Insurance Companies (Capitol) is celebrating the company’s 50th anniversary in 2009. Capitol has been insuring business owners since 1959 and in recognition of this 50-year milestone, Capitol is donating $50,000 to various charities around the United States. “Capitol has always had a strong focus on serving our customers as well as giving back to the community,” said Dave Pauly, Chairman & CEO of Capitol Insurance Companies. The contributions are entirely based upon suggestions received from the company’s employees and agents. “Our agents and employees are responsible for making this company successful and we realize the importance of giving back to the people who have been loyal to us for so many years,” Pauly added.
Since the company’s inception in 1959 as a surety bond insurer, Capitol has enjoyed significant profitable growth. In the first 20 years of business, the company expanded both geographically and in their product offerings, and by the end of 1979, Capitol was doing business in over 20 states and had a gross premium volume of $9.4 million. Today, Capitol provides surety along with property & casualty insurance in all 50 states, plus the District of Columbia, through a nationwide network of agents and brokers. At the end of 2007, the Company wrote over $200 million in premium and posted a 90% combined ratio.
With 50 years under their belt, Capitol is looking toward the future, confident in meeting the needs of their agency force by providing them with the tools they will need to be successful in an ever-changing insurance marketplace. “We’ve been fortunate to be a successful company over the past 50 years, and would sincerely like to thank our dedicated customers and employees for putting their trust in Capitol. We couldn’t have done this without you,” said Jim McIntyre, President & COO of Capitol Insurance Companies.
Media Contact:
Capitol Insurance Companies
David Finkelstein, dfinkelstein@capitol.net (800) 475-4450
About Capitol
Capitol has been insuring business owners since 1959. Capitol is a national underwriter of specialty insurance products in niche areas of the commercial property and casualty and the fidelity and surety markets. Through its operating entities, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, Capitol offers high quality customer service in programs tailored to the needs of its customers’ business and risk management strategies. Information on Capitol is available at http://www.capitol.net. Capitol has an A (”Excellent”) rating from A.M. Best. Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company are subsidiaries of Alleghany Insurance Holdings LLC, whose parent company is Alleghany Corporation.
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