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EMCI > SEC Filings for EMCI > Form 8-K on 21-Dec-2012All Recent SEC Filings

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Form 8-K for EMC INSURANCE GROUP INC


21-Dec-2012

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.

The Board of Directors of the Mutual Reinsurance Bureau (MRB) underwriting association has announced that it will begin operating with five participants due to the addition of Church Mutual Insurance Company (Church Mutual) effective January 1, 2013. As a result, the Registrant's parent, Employers Mutual Casualty Company (Employers Mutual), will become a one-fifth participant in MRB, down from its current one-fourth participation. Under the terms of the Quota Share Agreement between the Registrant's reinsurance subsidiary and Employers Mutual, the reinsurance subsidiary assumes 100 percent of Employers Mutual's assumed reinsurance business, including the MRB business, subject to certain exceptions. The addition of Church Mutual to MRB will strengthen MRB's surplus base and should favorably impact future marketing efforts. Although Employers Mutual's participation in MRB will decline from 25 percent to 20 percent in 2013, premium income assumed from MRB is expected to increase due to a projected increase in business.

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