October 31, 2014

Florida Business Profile

Main Street America Group

The Jacksonville-based insurance group has acquired Spring Valley Mutual Insurance Co.

Cynthia Barnett | 12/19/2011
CEO Tom Van Berkel
CEO Tom Van Berkel
Main Street America Group, a Jacksonville-based insurance company, has been on an acquisition spree, most recently acquiring Spring Valley Mutual Insurance Co. of Minnesota. Tom Van Berkel, chairman, president and CEO, says the move should give the company the foothold it needs in the Midwest. The company has nearly $900 million in premiums, insures more than 600,000 policyholders in 27 states and writes bonds in 44 states. Its homeowner/property obligations have soared recently after a series of catastrophic tornadoes and other events. The company usually sees only a few catastrophic events by midyear; this year, it's seen 16. But, the company says, its commercial, reinsurance and bond businesses remain strong.

Carol Brooks
Main Street's Jacksonville headquarters

Tags: Northeast

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