15:42 | 03.01.2018
Great American’s Mid-Continent Group Acquires Renewal Rights to Tank Owner Members Insurance Company (TOMIC)

Mid-Continent Group, a member of Great American Insurance Group, is
pleased to announce that it has completed a renewal rights agreement
with Tank Owner Members Insurance Company (TOMIC) to acquire TOMIC’s
book of business. The transaction is effective January 2, 2018 for all
renewal policies with effective dates of January 1, 2018 and after. The
subject business of approximately $9 million of in-force gross written
premium represents direct pollution liability policies and assumed
reinsurance for underground and above ground storage tanks.
Mid-Continent Group has contracted with PRO Managing General Agents,
Inc., to assist with the transition of TOMIC policies and producer
relationships to Mid-Continent in 2018.

James Davis, President, Mid-Continent Group, commented: “Mid-Continent
has been insuring businesses with underground storage tank pollution
needs for over 20 years, and has specialized expertise in this segment
of the market. The TOMIC book of business is a great strategic fit with
our current book of tank owners business and will allow us to diversify
our portfolio into many other states. We are looking forward to
providing current TOMIC customers and producers with a seamless
transition to Mid-Continent and are excited about the opportunity to
serve these customers and producers well into the future.”

Bob Ferguson, President, TOMIC, added: “The advantages of selling
TOMIC’s business to a larger, financially strong, experienced insurer
that has a long-term commitment to the company’s agency force and
policyholders were key factors in our decision to sell this business to
About Mid-Continent
Based in Tulsa, Oklahoma, Mid-Continent Group underwrites specialty
commercial insurance and contract surety products with an emphasis on
general liability for the construction, energy and difficult-to-place
industries. With a long history of financial strength and stability, the
Mid-Continent Group of companies is rated “A+” (Superior) by A. M. Best
(affirmed on August 11, 2017). As a wholly-owned subsidiary of Great
American Insurance Company, Mid-Continent Group benefits from the
backing of one of the largest insurance and financial services providers
in the United States. The companies of Mid-Continent Group include:
Mid-Continent Casualty Company, Oklahoma Surety Company, Mid-Continent
Assurance Company and Mid-Continent Excess & Surplus Insurance Company.
About Great
American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding
of its flagship company, Great American Insurance Company. Based in
Cincinnati, Ohio, the operations of Great American Insurance Group are
engaged primarily in property and casualty insurance, focusing on
specialty commercial products for businesses, and in the sale of
traditional fixed and fixed-indexed annuities in the retail, financial
institutions and education markets. Great American Insurance Company has
received an “A” (Excellent) or higher rating from the A.M. Best Company
for more than 100 years (most recent rating evaluation of “A+”
(Superior) affirmed on August 11, 2017). The members of Great American
Insurance Group are subsidiaries of American Financial Group, Inc.
(AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and
traded on the New York Stock Exchange under the symbol AFG.
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