To put the strength of MEARIE’s CFR into perspective, commercial insurance companies the size of MEARIE are required to have $4 million of capital and MEARIE’s capital is over $45 million which is 11x the required amount. The CFR and other safeguards have allowed MEARIE to keep premiums low, pay claims and remain financially stable.
Outside of the Reciprocal, MEARIE introduced Credit Insurance to protect your commercial accounts receivables. Additionally, introduced last year, the MEARIE Construction Program for Builder’s Risk and Wrap-up Liability coverage protects your interests as you expand, retrofit and build new physical assets.
With the formation of MEARIE Management Inc. in 1997, MEARIE grew from being strictly a Liability insurer to becoming a multi-product service provider with services/ programs such as: Group Benefits, Group Home & Auto, UPM Survey, Human Resources Information Services, Conferences (such as CUEE, EDIST and ENERCOM), Professional, Management, and Trades Training and Executive Education, Employee and Labour Relations Services and more!
The past 25 years has seen MEARIE grow to become the leading insurer of LDCs in Ontario. MEARIE’s growth and success is a reflection of the growth and diversification of our Subscribers. Over the next 25 years as Subscribers continue to grow and evolve, MEARIE looks forward to the sector’s continuously changing opportunities the future will surely present.
MEARIE - your insurance, business and financial partner, yesterday, today and tomorrow.
The MEARIE Group’s Reciprocal News is an electronic publication intended for Subscribers of The MEARIE Group’s Insurance programs. It is published on a periodic basis and is intended for information purposes only. In the event of specific claims, incidents or legal actions against the Subscriber, coverage will be determined by MEARIE policy interpretation.
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