Employers Direct

Insurance Company

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“AGOURA HILLS, Calif.--(BUSINESS WIRE)--Employers Direct Insurance Company (EDIC) (www.employersdirect.com) today announced that it has signed a definitive agreement to sell the renewal rights of its direct placed workers’ compensation insurance policies to GNW-Evergreen Insurance Services, LLC (www.gnw-evergreen.com). Headquartered in Encino, GNW-Evergreen is one of the largest independent insurance brokerages based in Southern California. EDIC has previously announced that they are discontinuing direct sales and plan on distributing their workers’ compensation policies exclusively through independent agents and brokers in the future. EDIC will appoint GNW-Evergreen as a producer in Arizona, California, and Nevada following the close of the sale. ‘As part of our overall strategy to redesign our core workers’ compensation business, finding a broker partner with the same high commitment to service and cutting-edge risk management programs for our policyholders was of paramount importance,” said James E. Little, President and CEO, Employers Direct Insurance Company. ‘Our partnership with GNW-Evergreen is a critical first step in implementing our distribution plans throughout the Western United States through independent agents and brokers.’Andrew Forchelli, partner and chief operating officer for GNW-Evergreen, stated, ‘We are very pleased to work with EDIC. Their commitment to policyholder service is in direct alignment with our core values,’ he said. Noting that several of EDIC’s former producers and customer service staff have recently joined GNW-Evergreen, Little pointed out, ‘We believe that service to EDIC policyholders at GNW-Evergreen will not only be seamlessly continued, but will be greatly enhanced by their highly regarded risk management and full account servicing and market placement capabilities. We could not be more pleased with this partnership.’”