Commerce Group Inc.

Private Subsidiary, Headquarters Location
211 Main St., Webster, MA 01570-2249, United States
(800)922-8276, (508)943-9000, (508)949-4921 fax, http://www.commerceinsurance.com

Primary SIC: Fire, Marine And Casualty Insurance, Primary NAICS: Direct Property and Casualty Insurance Carriers
Description: The Commerce Group Inc., incorporated in 1976, is a holding company primarily for five property and casualty insurance subsidiaries. The company writes insurance through its principal subsidiary, Commerce, and through four others: Citation, Commerce West, American Commerce and State-Wide. The Commerce Group provides personal and commercial property and casualty insurance through a network of independent agents. The company's core product line is personal automobile insurance; however, it also writes commercial automobile and homeowners insurance policies. The Commerce Group manages business in four segments: property and casualty insurance - Massachusetts, property and casualty insurance - other than Massachusetts, real estate and commercial lending, and corporate and other. The first two segments focus on the personal automobile market in Massachusetts and in the other states in which the company writes business. Under the real estate and commercial lending segment, The Commerce Group services mortgages in Massachusetts and Connecticut through Bay Finance Company Inc., a real estate and commercial lending subsidiary. The corporate and other segment captures activities unrelated to the other segments. On October 30, 2007, The Commerce Group entered into a merger agreement with MAPFRE, S.A. Under the terms of the agreement, Commerce will become an indirect wholly-owned subsidiary of MAPFRE.Insurance: Underwriter of property and casualty insurance.