Our Story

Beginnings as Reliable Life and Casualty Company

In 1944 George Stewart founded the Mutual Indemnity Company, a small insurance business specializing in accident and health insurance. On September 25, 1962, the Mutual Indemnity Company incorporated Reliable Life and Casualty Company as a stock company under the laws of Wisconsin. After receiving its certificate of authority, Reliable Life and Casualty Company began operations in 1965 and existed independently until 1970, when Reliable Investors Corporation was formed as the parent company.

In August, 1981, the Wisconsin Commissioner of Insurance issued an order of rehabilitation on Reliable Life and Casualty Company and created a separate account in which the company’s assets and liabilities were transferred. The following month, Dane County Circuit Court placed this separate account in liquidation.

On September 16, 1986, North American Group, Ltd., formerly known as the Reliable Investors Corporation, applied for reinstatement of the company’s certificate of authority. After the business was released from rehabilitation in 1987, North American Group, Ltd. changed its name to North American Insurance Company^™, a name by which it’s commonly known today. In 1987, North American Insurance^™ commenced the writing of all business.

Expansion

On September 21, 1990, North American Insurance Company^™ was purchased by a newly formed holding company, Encore Financial, Inc. In November, 1997, all of Encore Financial’s capital stock was purchased by Oxford Life Insurance Company^® (Oxford Life), a wholly-owned subsidiary of AMERCO. Encore Financial was merged with North American Insurance^™ in 2006.

North American Insurance^™, a member of the Oxford Life^® Family of Companies, has grown to become one of the industry’s premier third party administrators of Medicare supplement insurance and continues to provide premiums and claims administration for active policyholders.