NEW YORK--Fireman's Fund intends to become the choice of independent agents throughout the country backed by a significant investment from parent company Allianz and plans to become a major player in the small to mid-size marketplace, the company's president said.
Michael E. LaRocco, president and chief executive officer of the Novato, Calif.-based insurance company, in an interview yesterday, said the company has received the backing of its Munich, Germany-headquartered parent, to expand its product offerings and simultaneously improve its technology platform to make it easier for agents to do business.
"This is an incredibly exciting time at Fireman's Fund," said Mr. LaRocco. "The direction that Fireman's Fund is now taking will make us a much more significant player in the property and casualty marketplace."
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