US P&C insurer Harford Mutual merges with monoline carrier

ClearPath Mutual Insurance Company, a monoline workers' compensation carrier in Louisville, Kentucky, has been merged into Harford Mutual Insurance Group, a commercial property and casualty insurance company headquartered in Maryland.

ClearPath Mutual, formerly KESA of Kentucky for over 40 years, was created in 2018 and currently provides monoline workers' compensation coverage in Indiana, Kentucky, Georgia, Tennessee, and West Virginia.

Through an independent agency plant and relationships with local chambers of commerce and associations, ClearPath has grown and writes over $52 million in direct written premium across nearly 7,000 policies. ClearPath will continue to operate under its company name, and the office in Louisville, Kentucky will remain in place and serve as HMIG's Midwest Regional Office.

Steve Linkous, president and CEO of Harford Mutual Insurance Group (HMIG), said: "We are constantly seeking opportunities that complement our strategic goals and provide our policyholders and independent agents with the products and services they need. ClearPath Mutual perfectly complements our product line offering while expediting our plans for geographic diversification. We look forward to welcoming ClearPath's employees, agents, and policyholders into HMIG as we fulfill our mutual vision of being a carrier of choice."

Jeff Borkowski, president and CEO of ClearPath Mutual, added: "Since 2018, the mission of the ClearPath board and leadership has been to chart a path to sustainable success. We are financially strong and committed to the communities we serve. This merger into Harford Mutual Insurance Group will provide us with the scalable infrastructure and regional reach to meet our strategic goals of providing community-first workers' compensation coverage to our policyholders."

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