Meadowbrook Insurance Group Founder Merton Segal to be Inducted into the Michigan Insurance Hall of Fame
SOUTHFIELD, Mich., June 7, 2010 – Meadowbrook Insurance Group, Inc. (NYSE: MIG), a leader in specialty insurance programs based in Southfield, Michigan, announced today that its Founder and Chairman, Merton J. Segal, CPCU, will be inducted into the Michigan Insurance Hall of Fame. Meadowbrook CEO Robert S. Cubbin made the announcement.
The Michigan Insurance Hall of Fame will honor Mr. Segal and two fellow leaders in the insurance industry at the 17th annual induction ceremony of the Michigan Insurance Hall of Fame on August 18, 2010 on the campus of Olivet College. The Michigan Insurance Hall of Fame was established at Olivet College in 1994 as a way to pay tribute to individuals who have made a significant impact on the ability of the Michigan insurance and risk management industry to serve the public. An election panel, representing a cross-section of the insurance and risk management business, identifies leaders and/or innovators who have made significant contributions to the industry.
Mr. Segal founded Meadowbrook in 1955 as Meadowbrook Insurance Agency. Under his leadership, Meadowbrook grew from a start-up local retail agency into a leading, national specialty risk management insurance company. He is also recognized for his philanthropy and for helping many businesses and groups by developing insurance alternatives when insurance was unaffordable or unavailable. Recently retired, he continues to serve on the Board of Directors as Non-Executive Chairman and as a consultant to Meadowbrook.
Mr. Segal said, “It is an honor to be recognized by such an esteemed organization as the Michigan Insurance Hall of Fame. I am proud of all that we’ve accomplished and the meaningful impact we’ve had on the lives of so many clients, associates and shareholders. I am extremely grateful for the recognition and for the continuous support of everyone within my Meadowbrook family.”
“Mert is a man of commitment, dedication and unparalleled expertise in the industry,” said Cubbin. “He has demonstrated a lifetime of achievement in the insurance industry and is one of the most respected pioneers in the field of alternative risk management I cannot think of a more deserving honoree for the Michigan Insurance Hall of Fame.“
About Meadowbrook Insurance Group
Meadowbrook Insurance Group, Inc. (Meadowbrook), based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and seven property and casualty underwriting companies, including one in Bermuda. Meadowbrook has twenty-six locations in the United States. Meadowbrook is a risk management organization, specializing in alternative risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc.’s common shares are listed on the New York Stock Exchange under the symbol “MIG.”