Company Profile
MunichRe
Company Overview
American Modern companies provide insurance solutions for customers who need coverage not readily found in the general market. American Modern is widely recognized as a leader in this “specialty market.” Through strong relationships with our agent partners, we protect classic cars, motorcycles, boats and yachts, and, in the residential sector, rental property (short-term and 12-month), vacant property, owner-occupied homes, vacation homes, and manufactured homes.
American Modern employs nearly 1,200 and has been recognized several times as a “Top Workplace” by the Cincinnati Enquirer, most recently in 2017. The company’s financial stability is validated by long-standing, high ratings from Ward Group and A. M. Best Company. Headquartered in suburban Cincinnati, Ohio, the company began its insurance operations in 1965.
Munich Re acquired American Modern in 2008 to be a key element of the world reinsurance leader’s North American insurance operations. Munich Re has approximately 43,000 employees in over 50 locations throughout the world, and operates in all lines of insurance. It is among the top 100 companies on the Forbes Global 500 list.
American Modern actively supports many charitable and civic organizations with a focus on education, healthcare and youth, particularly the Greater Cincinnati United Way (annually raising more than $500,000) and ArtsWave.
Polices are written by one of the licensed insurers of American Modern Insurance Group, Inc., including American Modern Home Insurance Company, d/b/a in California as American Modern Insurance Company (Lic. No. 2222-8).
Company History
1949
Midland becomes one of the first companies to specialize in the mobile home finance business at both the wholesale and retail levels.
1961
The company makes its initial public offering of stock to help finance expansion.
1965
Midland enters the mobile home insurance market with the establishment of American Modern Home Insurance Company and American Family Home Insurance Company, which remain as the primary subsidiaries.
1969
Midland creates a vertically integrated organization that expands its special focus on the mobile home market. The company manufactures mobile homes, sells them through 70 retail outlets, and also provides financing and insurance.
1976
The financial downturn of the mid-1970s hits the mobile home industry hard, leading to the discontinuation of the company’s finance operations and eventual sale of the mobile home manufacturing and retailing operations to Champion Homes.
1990
American Modern Insurance Group begins to diversify beyond mobile home insurance, starting with watercraft, followed by collector car in 1993, then motorcycle, ATV and snowmobile in 2000.
2008
Midland and its subsidiaries are purchased by Munich Re.
2010
The Midland name is formally retired as a public brand in favor of American Modern Insurance Group.
2013
The company celebrates the 75th anniversary of its founding and its 5th year as a Munich Re subsidiary.
Benefits
24 days of PTO
Concierge service
Company Sponsored Retirement Savings Plan
Onsite Gym (remote employees can expense gym membership)
Company Car for Field Claims Adjuster (able to use for personal use)
Target Incentive Bonus (annual)
Tuition Assistance
Employee Referral Program - $2,000 per/person
Adoption Assistance