Ron Hallenbeck

Ron Hallenbeck, president of EMC Reinsurance Co. for nearly 22 years and an EMC employee for more than 42 years, will retire on Aug. 19, EMC Insurance Cos. announced.

Vicki Freese, assistant reinsurance manager, will become president of EMC Reinsurance upon Hallenbeck’s retirement. “While Ron’s leadership and expertise will be missed, I’m certain this will be a seamless transition,” said Bruce Kelley, EMC’s president and CEO.

When Hallenbeck took over as president of EMC Re in 1994, it was licensed in 11 states, with business concentrated in domestic property lines. The reinsurer was rated B+ by A.M. Best with premiums earned of $37 million and approximately $25 million in statutory surplus. During his tenure, Hallenbeck was able to stabilize and expand the business into an A.M. Best rating of A. The company now has a statutory surplus of more than $190 million and an average combined ratio of approximately 94 percent over the last 10 years.

	Vicki Freese

Freese has been with EMC for nearly 40 years and in reinsurance for about 30 of those. She has significant reinsurance underwriting expertise on domestic and international reinsurance programs, and on all lines of business. She got her bachelor’s degree in accounting in 1997 from Simpson College and earned the Chartered Property Casualty Underwriter and Associate in Reinsurance designations.