CEO Jaime Tamayo (2010–) Founded 1972 | Founder Arthur J Remillard Jr | |
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Headquarters Webster, Massachusetts, United States Parent organizations MAPFRE, Commerce Holdings, Inc. | ||
The Commerce Insurance Company, formerly known as Commerce Insurance Group, is an American company that provides personal insurance, commercial property insurance, and casualty insurance in Massachusetts and New Hampshire. Their core product lines include personal automobile, homeowners, and commercial automobile insurance.
History
Commerce Insurance was founded in 1972 as small insurance company in the south-central Massachusetts town of Webster where the company is still located and headquartered.
In April 2007, Commerce entered the New York personal lines insurance market through its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide Insurance Company. State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York.
In June 2008, The Commerce Group, Inc. was acquired by MAPFRE S.A.. MAPFRE is the largest insurance group in Latin America and has a presence in 43 countries, with about 51,000 agents worldwide.
Commerce also sponsors a road side assistance program for the Massachusetts Turnpike and Mass Highway.