Business News: GEICO, Mitchell/Genex Merger, Midwest Employers Casualty

October 3, 2018

GEICO Breaks Ground on New Location, Plans to Ramp up Hiring Upon Completion

GEICO broke ground at its new location in The Bridges and laid out plans for future hiring when the complex is completed next year. GEICO President and CEO Bill Roberts and Regional Vice President Michelle Trindade were joined by Tucson Mayor Jonathan Rothschild, Vice Mayor Richard Fimbres, Bourn Companies CEO Don Bourn, representatives from Tucson City Council, Pima County and local business and community leaders at the event.

GEICO plans to hire 700 new associates over the next several years after its expected move-in date of late 2019. Tucson is now home to more than 1,500 GEICO associates who manage insurance operations for 1.4 million customers in seven western states including: Arizona, Nevada, Utah, Oregon, Washington, Idaho and Montana.

Bourn Companies will handle all construction related to the new site, which consists of a 200,000 square-foot, three-story building that will occupy 20 acres of land. Amenities for GEICO associates at the new site will include modern open workspaces, an onsite cafeteria, fitness center, credit union and 20,000-square-feet of patios and outdoor space for associates to use during breaks.

Additional project partners include Sun Corridor, Inc., Renaissance Companies, the Arizona Commerce Authority, Pima County and the City of Tucson.

Genex Will Become New Division of Mitchell International

Mitchell International, a provider of technology, connectivity and information solutions to the Property & Casualty (P&C) insurance and Collision Repair industries, and Genex, a provider of clinical solutions to the workers’ compensation, auto and disability insurance markets, announced they have entered into a definitive merger agreement where Genex will become a new division of Mitchell.

With this announcement, Mitchell expands its capability and resources to further its mission to assist clients by enabling better outcomes across the auto, workers’ compensation and disability claims process. Genex will become a new division of Mitchell focused on clinical solutions, complementing Mitchell’s Auto Physical Damage, Casualty and Pharmacy Solutions divisions. The leadership team of Genex, led by Peter Madeja, will continue to guide Genex in its delivery of industry leading high quality clinical outcomes. Genex will continue to be headquartered in Wayne, Pennsylvania.

Alex Sun will continue as CEO of Mitchell and Peter Madeja will continue as Genex’s CEO, now a division of Mitchell. Both will form a newly created Office of the Chairman to guide the merger and will serve on the Board of Directors of the combined operation.

The merger is subject to customary closing conditions, including regulatory approvals.

Midwest Employers Casualty Announces Release of New Website,

Midwest Employers Casualty (MEC) announced the release of their new website and customer portal,

The investment in a new website is a continuation of MEC’s goal to provide insureds and business partners access to unparalleled technology to help lower the total cost of risk in their workers’ compensation program.

The website features a newly formatted benchmark report, new interactive XCEL Analytics® reporting, as well as an expansion of claim resources and safety awareness materials.

MEC has applied XCEL Analytics predictive technology and Claims Advantage services to find problematic claims sooner and recommend innovative and effective intervention strategies to help injured workers achieve better outcomes, and potentially save the insured money within their retention or retained losses.

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