Arbella Insurance Group · Quincy, MA United States
Company Description
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This link will open in a new window Safe drivers, snug homes, and small businesses are beautiful to Arbella Insurance. The New England company provides consumer auto and homeowners insurance in Massachusetts and is the state's #3 auto insurer. Its primary operating unit is Arbella Mutual, which underwrites auto, homeowners, and other personal insurance products in Massachusetts. The group has expanded its offerings to other lines and states, however. It also provides business insurance products (auto fleet coverage and workers' compensation, for instance) in its home state, New Hampshire, and Rhode Island. Arbella's Covenant Insurance affiliate writes personal insurance policies in Connecticut. To read the full description, subscribe now.
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Key Arbella Insurance Group Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $51.0 |
| Employees | 1,000 |
Arbella Insurance Group Executives
26 executives listed for Arbella Insurance Group's Quincy, MA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | John Donohue | Network |
| Vice Chairman | Francis Bellotti | Network |
| SVP and COO | Janet Corcoran | Network |
Competition
Competitive Landscape for Arbella Insurance Group
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Arbella Insurance Group Competitors
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