Workers’ compensation insurance provider Omaha National has acquired Sutter Insurance Company, a California domiciled insurance carrier that has been renamed Omaha National Casualty Company. Omaha National also owns Omaha National Insurance Company, which is domiciled in Nebraska.

The company also shared that it is now implementing Oncore Underwriting, its proprietary underwriting and policy management application.

“The acquisition of a carrier licensed in California, which is our largest market, is a major step forward in operating as a national full-stack carrier. Since inception, our plan has been to combine strong growth with exceptional financial results and that’s what we’ve achieved. We’re approaching $200 million in-force premium while at the same time our loss ratio, including allocated loss adjustment expenses, has been below 60% every year we’ve been in operation.” – Omaha National CEO Reagan Pufall.

“We are now licensed to issue policies in 37 states and continue to expand toward nationwide coverage. We enjoy excellent relationships with our fronting partners but writing on our own paper immediately enhances our financial results and allows us to better serve our policyholders and broker partners.” – Omaha National General Counsel Jim Hempel.