Tuesday, May 7, 2013

What we learned about our community

Today we heard from Kurt Kiessling, who is the Senior Counsel for American Modern Insurance Group (AMIG). They are one of Clermont County’s largest employers.

AMIG was founded in 1939 as a family owned finance company doing small loan auto finance. Their owner, Mr. Hayden, began financing manufactured homes, then constructing them and finally then insuring then. For tax reasons, the bought a small barge company which carried the companies through the 1980s. In the 1990s, the company became a multi-line insurance company.

In the 1990s, the city of Cincinnati made a blunder by selling property next to AMIG which they had not offered to AMIG. The company decided to build in and move to Clermont County, OH. In 2008, AMIG was acquired by Munich Re which has changed them from a small business to a company learning how to function as a large corporation.

Munich Re asked that the company be known as AMIG as opposed to Midland because AMIG has better name recognition worldwide. Munich Re is a data driven company. As long as the company continues to make money, things are looking good for them to stay in the community. The Hayden family foundation still runs the baseball program locally.

The Midland Foundation gives to some of our larger Greater Cincinnati charities such as the United Way and the Fine Arts Fund (now Art Wave) as well as some local ones such as Senior Services. They believe in the value of building a strong community.

Next week we will hear from Jeff Schweiterman from the-American Egg Council who will speak on the “incredible edible egg”.