AM Best upgrades the Long-Term Issuer Credit Rating for **Everett Cash Mutual, 1st Choice Advantage, and American Reliable Insurance** to *'a+' (Excellent)* from *'a'* and affirms their Financial Strength Rating at *A (Excellent)*. The ratings are removed from review with a positive outlook, signaling improved financial stability for the ECM Insurance Group.
Old Republic completes a $24.7 million subscription to acquire ECM Group following its mutual-to-stock conversion. The deal delivers up to 955,903 shares to Old Republic at a price of $25.8025 per share. ECM Group’s conversion and filing finalize the transaction.
Old Republic International Corporation acquires Everett Cash Mutual Insurance Co. (ECM) to expand its commercial agricultural insurance offerings. The deal targets growth in a specialized sector, potentially reshaping competition and service availability for farmers and agribusinesses. The acquisition follows a trend of consolidation in the insurance industry amid evolving market demands.
Old Republic International Corporation secures approval to convert Everett Cash Mutual Insurance Co. (ECM) into a stock insurance company and acquires the ECM Group, including its subsidiaries. The special meeting of ECM members ratifies the structural change and transfer of ownership to Old Republic, expanding its insurance portfolio.
Jun 2026Yahoo FinanceNews article
ECM Insurance Group
ECM Insurance Group is a farmowners and commercial agricultural insurance group serving small farmowners along with select commercial agricultural operations.