History

CEM Insurance Company (“CEMIC”) was founded in 1982 with an entrepreneurial spirit and the vision of establishing a facility for specialty insurance programs. As a syndicate on the Illinois Insurance Exchange (later renamed “INEX”), the Company developed and successfully underwrote an Unemployment Compensation program for nonprofit organizations. Over time, the company diversified by writing programs such as professional liability coverages for accountants and lawyers, primarily in the nonprofit sector.

In 1996, CEMIC withdrew from the INEX and began writing insurance as an admitted carrier in Illinois. In 2002, CEMIC was acquired by new ownership, which relocated the Company’s headquarters, expanded its state licensing and began developing new specialty programs. All shareholders and directors of CEMIC have substantial insurance experience as owners and/or senior level executives of independent agencies and brokerages, third party administrators and several of the world’s largest insurance companies.

CEMIC prides itself for its uniqueness in its ability to work very closely with and tailor programs to fit the needs of its clients. The Company meets the needs of its markets with creative and sound insurance solutions for capacity, additional income, and low cost and efficient delivery mechanisms with integrated sales and service facilities. CEMIC is committed to building its business on sound underwriting and strong partner relationships, and takes a “transparent” approach in its business dealings.

CEMIC is continuously reviewing new business opportunities.

Licensing

CEMIC is currently licensed as an admitted carrier in 12 States (AR, AZ, ID, IN, IL, KS, MS, ND, PA, SD, TX, and WV) and the District of Columbia. The Company is in the process of further expanding its authority, both on an admitted and excess and surplus lines basis.

A.M. Best Company

CEM Insurance Company has a Best's Rating of B+ by A.M. Best Company. For the latest rating, access www.ambest.com.

CEMIC meets regularly with A.M. Best to discuss the status and performance of its operating activities, financial reporting and investment activities. The Company further works with A.M. Best in the review and analysis of the Company’s insurance programs in development.

Management

CEM's management is comprised of insurance professionals with over a century of combined experience as owners and executive management of wholesale and retail insurance agencies, managing general underwriters, third party administrators, as well as senior executive officers of some of the world's largest insurance companies. CEM's owners, directors and advisors are actively involved in the Company's operations.

Directors

Steven L. Groot

David B. Benjamin

Matthew C. Wagner

Management