2023

Released on: Jun 13, 2023, 08:00 AM

CEDAR RAPIDS, Iowa – June 13, 2023

UFG Surety is pleased to name Des Moines-based insurance brokerage Holmes Murphy as its 2022 Surety Agency of the Year. This marks the third time Holmes Murphy has received the honor; the company held the title in 2012 and 2020 as well.

“We created the annual UFG Surety Agency of the Year award to celebrate a standout partner that surpassed business expectation the prior year,” explains Vice President and Director of UFG Surety Dennis Richmann. “Identifying that winning agency each year is always a challenge — we believe our surety bond partners throughout the U.S. are the best in the business.”

Agency of the Year recognition is based upon several measurable benchmarks, including loss ratio, written premium, growth and new business. 

“Holmes Murphy was a key performance leader in 2022,” explains Richmann, “seeing growth of nearly 20% and a phenomenal loss ratio of less than 1%. They’ve also been our largest premium-producing agency for the past three years. Truly outstanding results.”

Jay Freiermuth, senior vice president of surety at Holmes Murphy, says the company’s partnership with UFG is all about helping contractors grow.

“We’re both looking for the right way to move forward with a client; provide them feedback, provide them a solution so they can be able to bid on the work that they need to execute their business plan,” states Freiermuth.

“Those of us at UFG pride ourselves on being a responsive, trusted and knowledgeable team for our agents as well as their contractor clients,” says Richmann. “And we’re thrilled to recognize the important role surety plays in the business world alongside great partners like Holmes Murphy.”

UFG has been in the surety bonds industry since 1952 and works with independent agents across the country. For more information visit ufginsurance.com/surety.

Holmes Murphy is headquartered in Iowa with offices in Minneapolis, Sioux Falls, Denver, Omaha, Kansas City and Dallas.


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About UFG
Founded in 1946 as United Fire & Casualty Company, United Fire Group, Inc. (UFG, Nasdaq: UFCS), through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we are licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of “A” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG visit ufginsurance.com.