NJM Insurance Group

NJM Insurance Group

NJM Insurance Group was founded in 1913 as New Jersey Manufacturers Casualty Insurance Company, created to fulfill President Woodrow Wilson's pledge to provide medical care and wage replacement to injured workers. Headquartered on a 100-acre campus in West Trenton since 1966, the firm operates as a direct writer for personal lines and a partner to independent agents for its growing commercial book. Board Chair Edward Stern and President Carol Voorhees — elected CEO in July 2025 — guide a leadership team that includes VP and CIO Pete Bogart. The investment portfolio is built around a core fixed-income allocation, supplemented by common stock and ETF positions, all managed to back the firm's property and casualty reserves. NJM has also tapped reinsurance capital markets through catastrophe bonds, a structure it uses to transfer peak risk. The company's underwriting footprint spans personal auto, homeowners, and umbrella policies in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania, alongside workers' compensation, commercial auto, and businessowner policies that extend into Delaware and New York. A partnership with American Modern Insurance Group adds specialty lines for boats and collector cars. NJM operates additional offices in Hammonton and Parsippany, New Jersey, and maintains a corporate giving program active in its communities. In July 2025, Voorhees was elected President and CEO, a succession move that keeps investment strategy under Bogart's continuity. The firm carries J.D. Power certifications for claims experience eight years running and has been recognized by Ward's 50 as a top-performing property and casualty insurer. The firm's structural differentiator is its mutual ownership model, which aligns investment posture entirely with policyholder liabilities rather than public market earnings pressure. This architecture means the portfolio's primary function is not asset accumulation but the preservation of surplus to meet claims across personal and commercial lines, with fixed-income duration matched against the tail of workers' compensation obligations.