Wisconsin Reinsurance Corporation

What Wisconsin Reinsurance Corporation does

Wisconsin Reinsurance Corporation (WRC), operating as The WRC Group, was a Wisconsin-domiciled private reinsurance company founded in 1931 and headquartered in Madison, Wisconsin. WRC functioned as a holding platform for an integrated set of affiliated insurance entities: WRC itself provided reinsurance capacity, 1st Auto & Casualty Insurance Company wrote primary personal auto and casualty policies, WRC Agency, Inc. distributed products through a captive and independent agent network, and Wisconsin Adjusting Service, Inc. handled claims adjustment. Distribution operated regionally through Wisconsin-area agents and direct phone contact, supported by a web-based CAPNet Connect Portal that enabled agents to submit new business and service existing accounts online. The company relied on standard web technologies (cookies for analytics, security, and session management) rather than any disclosed proprietary technology, with no pricing transparency — product pricing was delivered through agents.

WRC and its primary insurance subsidiary 1st Auto & Casualty Insurance Company were placed into liquidation by the Wisconsin Office of the Commissioner of Insurance effective January 1, 2024, with James Gerber appointed as Special Deputy Liquidator. Prior to liquidation, on November 3, 2023, WRC Agency's business was acquired by Insural Insurance Solutions, Inc., a wholly owned subsidiary of Farmers Union Service Assn., LTD., and agents were transitioned to the CAPNet Connect Portal under Insural contracting. Following the liquidation order, WRC's operating activities consist of run-off claim handling and policyholder/creditor communications managed by the Special Deputy Liquidator via PO Box 7988, Madison, WI 53707 and the contact line (608) 673-5527.

Name

Wisconsin Reinsurance Corporation

Legal name

Wisconsin Reinsurance Corporation

Website

https://thewrcgroup.com

Company type

Private

Founded year

1931

Operating status

Closed

Headcount range

101–250 employees

Short description

Wisconsin Reinsurance Corporation was a Madison, Wisconsin-based private reinsurer operating The WRC Group, providing reinsurance capacity alongside affiliated primary auto/casualty insurance, agency distribution, and claims adjusting, before being placed into liquidation effective January 1, 2024.

Ownership category

akta.pro rank

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Distribution channels3 records

Marketing channels2 records

Core offering

Wisconsin Reinsurance Corporation (WRC) operated as a private reinsurance company and holding entity for The WRC Group, providing reinsurance capacity and resources to its affiliated primary insurer, 1st Auto & Casualty Insurance Company. The group offered integrated auto and casualty insurance products, captive agency distribution through WRC Agency, and claims adjusting services through Wisconsin Adjusting Service. WRC and 1st Auto were placed into liquidation effective January 1, 2024, and WRC Agency's business was acquired by Insural Insurance Solutions in November 2023.

Product overview

Wisconsin Reinsurance Corporation operates as a holding company with a platform of insurance-related subsidiaries. The core offering is comprehensive reinsurance solutions through WRC, supported by 1st Auto & Casualty Insurance Company (direct auto/casualty insurance), WRC Agency, Inc. (insurance agency - acquired by Insural in 2023), and Wisconsin Adjusting Service, Inc. (claims adjusting services). Note: WRC and 1st Auto were placed into liquidation effective January 1, 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Wisconsin Reinsurance Corporation (WRC) Reinsurance Solutions
• 1st Auto & Casualty Insurance Company - Auto and Casualty Insurance
• Wisconsin Adjusting Service, Inc. - Claims Adjusting

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Insural Insurance Solutions, Inc.coreStrategic or Co-development Partner · 3 November 2023Insural Insurance Solutions, Inc., a wholly owned subsidiary of Farmers Union Service Assn., LTD., acquired WRC Agency's business as of November 3, 2023. This acquisition occurred prior to WRC's liquidation in January 2024. Agents are directed to contract with Insural to submit new business and service existing accounts through the CAPNet Connect Portal.
• ReinsurersminorOthersThe company discloses that it may share customer information with reinsurers as part of its information disclosure practices to third parties. Reinsurers are listed among various third-party types with whom information is shared to service accounts, as permitted by law.

Scale indicators2 records

Recent moves5 records

Broad incumbents

• Swiss Re: One of the world's largest reinsurers, offering proportional and non-proportional treaty and facultative reinsurance across P&C and life. Directly relevant as a benchmark for what a scaled, diversified P&C reinsurance carrier looks like — the model WRC operated at a regional, captive scale.
• Munich Re: Global reinsurance incumbent underwriting property, casualty, and specialty risks across treaty and facultative arrangements. Comparable as the broad-incumbent reference point against which a small regional P&C reinsurer like WRC would be measured.
• Hanover Re (Hannover Rück): Major global reinsurer focused on P&C and specialty lines through proportional and excess-of-loss structures. Comparable to WRC in its core activity of assuming P&C risk from primary cedents.
• SCOR SE: Global reinsurance group providing life and P&C treaty and facultative coverage. Direct comparability to WRC as a multi-line reinsurer, though at much greater scale and global diversification.
• Reinsurance Group of America (RGA): Leading life and health reinsurer; comparable to the life/health reinsurance arm of a multi-line reinsurance holding like WRC, although WRC was more P&C-skewed.
• PartnerRe: Multi-line global reinsurer (P&C, specialty, life) that — like WRC — combines treaty and facultative offerings. Relevant as a mid-to-large scaled P&C reinsurance benchmark.
• Berkshire Hathaway Direct / GEICO: Major direct and agency-channel U.S. auto insurers and insurance conglomerates with reinsurance arms. Comparable to WRC only in the broad sense that personal auto and reinsurance sit within the same corporate family, illustrating the scaled version of what WRC attempted regionally.

Regional players

• State Auto (members of Liberty Mutual): Regional U.S. P&C insurer historically concentrated in the Midwest, with personal and commercial lines including auto. Closely comparable to 1st Auto & Casualty's positioning as a regional auto-focused carrier within WRC's group.
• Westfield Insurance: Midwest-based regional P&C carrier writing personal and commercial lines through independent agents. Comparable to the integrated regional-insurance model that WRC Group pursued (captive agency + regional primary carrier).
• Grinnell Mutual: Iowa-based regional P&C mutual writing property, auto, and specialty lines through independent agents in the Midwest. Comparable to 1st Auto and WRC Agency's regional Midwest agency-distribution model.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights3 records

Customer concentration

• Xx.com/thewrcgroup
• Facebookfacebook.com/thewrcgroup
• LinkedInlinkedin.com/company/wisconsin-reinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wisconsin Reinsurance Corporation