SOURCE: Calco Insurance Brokers & Agents, Inc.

March 13, 2007 13:30 ET

Calco Celebrates 70 Years of Helping California Businesses Protect Assets and Manage Risk

One of California's Largest Independent Insurance Brokerages Credits Its Employees for Making the Company a Success Since 1937

SAN MATEO, CA -- (MARKET WIRE) -- March 13, 2007 -- Calco Insurance Brokers & Agents, Inc., one of the largest independently owned California-based insurance brokerage firms, today marks its 70th year of providing property, casualty, employee benefits, workers' compensation and personal lines coverage. Calco was launched the same year that U.S. President Franklin D. Roosevelt began his second term and the famed Golden Gate Bridge opened to pedestrian and vehicular traffic in San Francisco. Over its seven-decade history, Calco and its employees have been at the forefront of protecting California business owners and individuals while foreseeing how political and economic trends could affect their insurance needs.

"Calco -- then part of California Casualty -- was founded by the Brown family, who implemented and evolved a management structure that encouraged decision making at the local level," said Dan Ryan, president and chief executive officer, Calco. "This autonomy enabled us to nimbly adapt as market dynamics changed and offer our clients the best long-term strategies to control insurance costs while minimizing their risks."

Since the beginning, Calco's charter has been consistent: To help its clients affordably protect their assets and manage risk. Although Calco began as part of California Casualty, the company evolved over the years to offer full-service risk-management and asset protection in line with California's flourishing business sectors and economy.

"What consistently sets us apart is the tremendous team of dedicated, entrepreneurial professionals who go the extra mile to provide our customers with realistic, future-thinking solutions that enable them to make more educated choices about how they mitigate risk," Ryan said. "We treat each client company as a whole, customizing and integrating all its lines of coverage in addition to providing high-level risk-management support. This holistic approach to risk management has enabled us to become a trusted strategic partner to our clients for 70 years."

Of the 85 associates employed by Calco, 15 have been with the company 20 years or more, and one individual, Peter Siewert, recently reached a milestone: 43 years as a Calco employee.

According to Ryan, the company focus on empowerment is a key driver in employee retention. This culture proved pivotal for the company. When the Brown family decided to sell the Calco line of business in 2001, employees participated in its purchase. Now operating three California offices in Orange, Sacramento and San Mateo, Calco has charted an aggressive course to maintain its success well into the 21st century.

"Our employees are the engine and fuel that drive our future," Ryan said. "We celebrate the people who have brought us to where we are today, and who, together, will propel us to even greater success over the next 70 years."

About Calco Insurance Brokers & Agents, Inc.

Founded in 1937, Calco has corporate headquarters in San Mateo and regional centers strategically located throughout the state. One of the largest independently owned California-based insurance brokerage firms, Calco provides coverage for property, casualty, employee benefits, workers compensation and personal lines. Distribution Partners Investment Capital L.P. and key employees own the company. For more information, go to www.calco.com.

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